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XAG USD ( Silver / US Dollar)

Silver Double Top at Major Resistance – Bearish Breakdown📌 Overview: This chart shows a classic Double Top Pattern forming on the weekly timeframe for Silver (XAG/USD). Price has reached a multi-year resistance zone and failed to break above it twice, signaling potential exhaustion of bullish momentum and the possibility of a larger trend reversal. 🧩 Detailed Pattern Breakdown: 🔹 1. Double Top Pattern The double top is one of the most reliable bearish reversal patterns, formed when the market tests a resistance level twice and fails to break it, creating two rounded or sharp peaks. In this case: Top 1 and Top 2 occurred near the $35–36 zone, clearly marked as a major resistance level. This indicates strong selling pressure from that zone. 🔹 2. Major Resistance Zone The $35–36 price range has historically acted as a ceiling for Silver prices. It rejected price several times between 2021 and 2025. When this kind of level holds, it often precedes sharp corrections, especially when volume begins to drop and momentum weakens. 🔹 3. Rising Trendline Break After forming the double top, price broke down through a key ascending trendline, a sign that the bulls are losing control. The breakdown is further confirmed by a strong bearish candle, closing below both the trendline and a critical SR (Support-Resistance) Interchange zone. 🔹 4. Retesting in Progress Post-breakdown, the price action is now retesting the broken trendline and horizontal zone (~$28). This is a crucial moment: If Silver gets rejected here, it confirms the bearish breakout and signals entry for sellers. If it reclaims this level, the bearish setup could fail, and price might consolidate or resume uptrend. 🔹 5. SR - Interchange Zone This zone is marked because it acted as resistance during the 2022-2023 period, and then flipped into support in 2024. Currently, it’s being tested from below, making it an SR flip retest. These zones often become inflection points. 🔹 6. Black Mind Curve Support An important and unique addition is the “Black Mind Curve Support” – a curved dynamic trendline that has historically aligned with price retracements. The projected path shows that the curve and horizontal support (~$22.68) intersect, strengthening the significance of that level. 🔹 7. Measured Move & Target Based on the height of the Double Top pattern (approx. $10 range from top to neckline), the measured move places the target near $22.68, which matches both: Historical demand zone Curve support This alignment makes $22.68 a realistic and strong downside target. 🧭 Strategic Summary: Pattern Type: Double Top (Bearish Reversal) Key Resistance: $35–36 (Multi-year rejection level) Trendline: Broken (Bearish confirmation) Retesting Area: $28–29 zone (Watch for rejection) Downside Target: $22.68 (Confluence of support zones) Invalidation: Clean weekly close above $35 🔍 What Traders Should Watch: ✅ Bearish Candlestick Confirmation at the retest zone (e.g. bearish engulfing, shooting star). ✅ Increased volume on drop, confirming participation by larger players. 🚫 Invalidation signal would be a sustained move and close back above the resistance zone. ⚖️ Risk Management Tip: This pattern offers a high risk-to-reward ratio trade setup. Short entries on the retest with stop loss above $36 can provide substantial downside potential toward $22–23, especially in a commodity market prone to sharp retracements. 📌 Final Thoughts: Silver appears to be forming a clean double top reversal at a long-term resistance. If the current retest fails, a significant correction may follow, targeting the $22.68 level. This pattern, combined with key support-resistance dynamics and psychological zones, makes this setup worth monitoring for medium- to long-term traders.
OANDA:XAGUSDShort
by GoldMasterTrades
3
Silver Steadies as Demand ReturnsSilver (XAG/USD) traded near $33.10 on Friday, rebounding from losses as safe-haven interest returned amid U.S. fiscal concerns. Trump’s proposed tax bill, passed in the House, is expected to increase the deficit by $3.8 billion, adding pressure to the dollar and supporting precious metals. While broader economic and trade uncertainty weighed on industrial metal demand, silver remained supported by strong industrial use. China’s wind and solar capacity surged to nearly 1,500 GW in Q1 2025, with photovoltaic power up by 60 GW. In Europe, solar output rose 30% year-over-year. Moody’s downgrade of the U.S. credit rating, citing a potential rise in federal debt to 134% of GDP by 2035, further increased silver’s appeal. Key resistance is at $33.80, with further levels at $34.20 and $34.90. Support is found at $32.30, followed by $31.40 and $30.20.
FOREXCOM:XAGUSD
by ChartMage
Rising Wedge Breakdown – Bearish Setup on Silver (XAGUSD)Silver (XAG/USD) is currently trading within a bearish rising wedge formation on the 8-hour timeframe, and the market structure is hinting at a potential reversal to the downside. The confluence of resistance zones, pattern anatomy, and historical price action all point to a high-probability short setup, especially if key support levels are breached. 📈 Pattern Analysis: Rising Wedge A rising wedge is typically a bearish chart pattern that forms when price consolidates between two upward sloping trendlines. However, the upper trendline rises at a slower pace than the lower one—indicating decelerating bullish strength. It often precedes a bearish breakout, especially if volume decreases near the apex. In this case, the wedge is forming just below a major resistance zone around the $34.00 area, adding weight to the bearish scenario. 🔹 Key Technical Levels : 🟥 Resistance Zone ($33.80–$34.80): Price has tested and rejected this area multiple times in recent weeks. It marks a clear liquidity zone where sellers are in control. 🟩 Support Zone ($29.50–$30.30): This zone has provided strong support in previous retracements. If broken, it may flip into resistance upon retest. 🟦 Retest Zone (~$31.00–$31.50): If the wedge breaks downward, price may retest this area—creating an opportunity for traders to enter short with better risk-reward. 🎯 Final Bearish Target : $26.85: This level is derived from the height of the wedge and prior demand zones, making it a strong target area in a fully played-out bearish move. 🧠 Market Structure & Sentiment: Volume Analysis – Volume has been tapering off as the price squeezes within the wedge, which is a typical trait of rising wedges. A volume spike on breakdown would serve as confirmation. Trend Analysis – While the overall trend in the medium term has been bullish, the weakening upward momentum suggests that buyers are losing strength, and sellers may regain control soon. Rejection Candle s – Several recent candle wicks above the $33.50 zone show clear rejection and failure to close above, reinforcing the resistance level. 📊 Trade Plan (Educational Purposes Only): Criteria Details Bias Bearish (Rising Wedge Breakdown) Entry Option 1 On breakdown of wedge + retest Entry Option 2 Aggressive entry on breakdown candle close below $31.50 Stop Loss Above $33.80 (last resistance) Take Profit 1 $30.00 (support zone) Take Profit 2 $28.00 (partial exit) Take Profit 3 $26.85 (final target) 📌 Trading Psychology Note: Traders should remain patient and avoid entering prematurely. Let the pattern confirm itself with a clean break and retest. Risk management is critical—wedge patterns can also fake out before reversing hard. 🧾 Summary: Silver is nearing the end of a rising wedge pattern, right under a heavy resistance zone. Historical behavior, weakening momentum, and classic wedge structure suggest a potential bearish reversal. A break below the wedge support and a retest around $31.00 could present a high-probability short trade setup targeting the $26.85 area. Keep this chart on watch. A decisive move is likely coming soon.
OANDA:XAGUSDShort
by GoldMasterTrades
Silver Rises to $32.60 on Safe-Haven DemandSilver (XAG/USD) climbed to around $32.60 per ounce on Thursday during Asian trading, recording its third consecutive gain as safe-haven demand increased amid rising U.S. fiscal concerns and global tensions. Moody’s recent downgrade of the U.S. credit rating to Aa1, citing growing debt and deficits, added pressure on the Dollar. Ongoing unrest in the Middle East and Israel’s military actions in Gaza also supported precious metal prices. Meanwhile, Ukraine is preparing to urge the EU next week to seize Russian assets and target oil buyers, as U.S. sanctions appear to be losing momentum. The first critical support for Silver is seen at 33.80, and the first resistance is located at 32.30.
FOREXCOM:XAGUSD
by ChartMage
Silver H4 | Potential bearish reversalSilver (XAG/USD) is trading close to an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 33.62 which is an overlap resistance. Stop loss is at 34.70 which is a level that sits above a swing-high resistance. Take profit is at 31.76 which is a multi-swing-low support. Disclaimer High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:XAGUSDShort
by Tradu
Bullish momentum to extend?The Silver (XAG/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance. Pivot: 33.07 1st Support: 32.64 1st Resistance: 34.48 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDLong
by ICmarkets
Silver Rectangle Pattern Breakout | XAGUSD Analysis + Target🔍 Technical Overview Silver has been forming a textbook rectangle consolidation pattern over the past few weeks, bouncing between a clearly defined Support Zone (~$32.10) and Resistance Zone (~$33.40). This range-bound movement indicates accumulation, a phase where smart money typically builds positions before initiating a directional breakout. Currently, price action shows a breakout attempt toward the upper resistance. If momentum continues, we could see a bullish breakout, followed by a potential retest of the broken resistance (now support). A successful retest would confirm a high-probability setup for a move to higher targets. 📌 Key Technical Zones Support Zone: ~$32.10 This level has been tested multiple times, with price consistently bouncing higher, signaling strong buyer interest. Minor Resistance Zone: ~$33.00 Acted as an intermediate ceiling within the rectangle. Once broken, this level became a signpost for bullish continuation. Main Resistance Zone: ~$33.40 The top boundary of the rectangle; this is the key breakout level. Target 1 (TP1): $34.58 A logical resistance level based on previous price structure and breakout projection. Target 2 (TP2): $35.22 A more extended target derived from the height of the rectangle pattern projected from the breakout point (measured move). ⚙️ Price Action Insights Rectangle Pattern Behavior: Price ranged within horizontal support/resistance, forming consistent highs and lows — a strong signal of accumulation. Momentum Shift: Recent bullish candles and higher lows suggest buying pressure is increasing. Breakout in Progress: Price is currently pushing above the upper rectangle boundary. A confirmed breakout candle close followed by a retest would provide a higher-probability entry opportunity. Retest Strategy: Retests are critical for confirmation. A pullback to ~$33.40 with rejection signals (e.g., bullish engulfing, pin bar) would strengthen the case for further upside. 🧠 Mindset & Strategy Explanation This setup represents patience, structure, and discipline in trading: ✅ Wait for the Pattern : Rectangle patterns often trap impatient traders. Waiting for a confirmed breakout and retest gives higher-quality entries. ✅ Risk Management is Key : Use the structure of the rectangle to define risk. Stops should be set just below the last swing low or inside the range. ✅ Targeting with Precision: TP1 and TP2 are not random — they’re derived from prior resistance levels and pattern projections. This keeps your trading logical, not emotional. ✅ Mind Over Market: Don’t chase breakouts. Wait for confirmation. The retest is often your friend in swing trading setups like this. 📋 Trade Idea (Not Financial Advice) 📍 Entry: On confirmed breakout above $33.40 or retest of this level with bullish confirmation. 🎯 Target 1: $34.58 (partial take profit suggested) 🎯 Target 2: $35.22 (measured move projection) 🛑 Stop Loss: Below $32.70 (under recent support structure) 🔁 Optional: Trail stop loss after TP1 to lock in profits as TP2 approaches. 🧠 Final Thoughts for Traders This chart provides a clean example of how price consolidates before expansion. The rectangle pattern allows for easy identification of entry/exit zones and offers a solid risk-to-reward setup. Whether you're a new trader learning to spot consolidation patterns or a seasoned pro looking for low-risk, high-reward setups — this XAGUSD formation is one to watch. Keep an eye on volume and candle structure around the breakout zone. Confirmation is key. Discipline is everything.
OANDA:XAGUSDLong
by GoldMasterTrades
XAGUSD Triangle Pattern Forming – Breakdown on the Horizon?🧠 Technical Analysis – XAG/USD Silver (XAG/USD) has entered a compression phase, forming a classic Symmetrical Triangle Pattern within a broader Black Mind Curve structure, which adds additional psychological and visual significance. These patterns, when paired together, often signal a build-up of volatility ahead of a powerful breakout. 🔍 Pattern Explanation: Triangle + Black Mind Curve Symmetrical Triangle Pattern: This pattern is marked by converging trendlines of higher lows and lower highs. It reflects indecision between bulls and bears — a tug-of-war where volatility decreases as price coils into the apex. Black Mind Curve Structure: The curved support and resistance arcs highlight a rounded structure often seen before large breakout moves. These curves create an intuitive framework for understanding how the market is behaving on a broader scale — the "mind of the market" if you will. 🔺 Curve Resistance: Acting as a ceiling suppressing bullish attempts. 🔻 Curve Support: The dynamic floor that has held price within bounds until now. 📉 Breakout & Retest Phase in Play The triangle has now been breached to the downside, and price is currently in the retest phase — a textbook behavior before continuation. The market is now revisiting the lower boundary of the triangle (~$32.30–$32.40), which is potentially flipping into resistance. This retest is critical: if price fails to reclaim the triangle and gets rejected, it strengthens the case for further downside. We’ve also seen a slight uptick in bearish momentum and volume on the initial breakdown. 🎯 Projected Price Targets We apply the measured move technique, which calculates the triangle’s height and projects it downward from the breakout point: TP1: $31.68 – A short-term support level and the first technical target. TP2: $31.12 – Measured move target and key demand zone from the past week. These levels are not arbitrary — they align with both psychological round numbers and historical structure zones, which often act as magnets for price. 📌 Why This Setup Matters This isn’t just a triangle breakout. The confluence of the triangle pattern and the Black Mind Curve framework suggests a psychologically significant shift is underway. Price has respected the curved structure for nearly two weeks. The triangle represents compression — the final phase before directional expansion. The false breakout risk is real, but the context (bearish trend leading in, lower highs, failed rallies) favors a downward continuation. 💡 Trade Setup Idea (Example Only) Parameter Value 🧩 Pattern Symmetrical Triangle ⏳ Phase Retesting after breakdown 🎯 Entry On bearish confirmation at ~$32.30 ❌ Stop Loss Above triangle upper bound (~$32.65) ✅ TP1 $31.68 ✅ TP2 $31.12 ⚖️ Risk/Reward 1:2 or better Note: Wait for clear rejection candlesticks (e.g., bearish engulfing, shooting star) to confirm bearish intent. ⚠️ Risk Management & Considerations Avoid premature entries — wait for candle confirmation on the retest zone. Adjust lot size and leverage according to personal risk tolerance. Remember: triangle patterns can break either way — monitor invalidation levels carefully (e.g., a breakout back into triangle with strong volume). 💬 Mindset & Market Psychology This triangle and curve setup mirrors a battle between consolidation and trend continuation. The curves represent the market’s subconscious behavior — as price rounds out and tests boundaries, the final breakout reveals collective trader sentiment. “Patterns are footprints of psychology. Trade the behavior, not the prediction.” Be the trader who waits for the story to unfold. Let structure speak before you act. ✅ In Summary 📌 Pattern: Triangle inside Black Mind Curve 🔍 Key Levels: $32.30 (retest), $31.68 (TP1), $31.12 (TP2) 📉 Bias: Bearish, with potential continuation after retest rejection ⏱️ Timeframe: 1H – Suitable for intraday to short-term swing trades 💬 What do you think – is Silver ready to break down, or will bulls reclaim control? Drop your analysis below! Like & follow for more smart technical setups every week.
OANDA:XAGUSDShort
by GoldMasterTrades
Silver Holds Near $32.60 on CeasefireSilver hovered around $32.20 per ounce during Tuesday’s Asian session, easing for a third consecutive day as safe-haven demand faded. The hopes for a Russia-Ukraine ceasefire, announced by U.S. President Trump after a call with President Putin, tempered market uncertainty and weighed on silver’s appeal. However, losses were limited following Moody’s downgrade of the U.S. credit rating and a series of weak economic data, including CPI, PPI, and retail sales. These reinforced expectations for two Fed rate cuts this year, likely starting in September, according to the CME FedWatch Tool projections. Strong industrial demand, especially from the solar sector, continues to support silver’s longer-term outlook. Markets now look for upcoming Fed speeches for further direction. XAG/USD faces resistance at $32.50, with higher levels at $33.80 and $34.20. Support is seen at $31.40, followed by $30.20 and $29.80.
FOREXCOM:XAGUSD
by ChartMage
Silver Outlook: Consolidation Continues Amid Tech and Haven HypeDespite Nasdaq's recent 400-point pullback from the 21,446 high, silver has extended its one-month consolidation, with momentum and price action suggesting the calm before the breakout. The intersection of haven demand and renewed interest in tech-sector investments—particularly around AI—could reestablish silver as a preferred alternative asset. From a daily time frame perspective, Silver is consolidating both in price and momentum. A decisive close above the $33 level could pave the way toward $33.70, $34.30, and $35. On the downside, a break below $31.60 could trigger losses toward $31, $30.30, and $29.50. Written by Razan Hilal, CMT
FOREXCOM:XAGUSD
by FOREXcom
SILVER My Opinion! BUY! My dear friends, Please, find my technical outlook for SILVER below: The instrument tests an important psychological level 32.284 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 32.607 Recommended Stop Loss - 32.097 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TRADENATION:XAGUSDLong
by AnabelSignals
1
Can You Snatch Silver’s Profits? XAG/USD Stealth Trade Plan🔥Silver Snatch Strategy: XAG/USD Stealth Trade Plan🔥 👋 Greetings, Profit Pirates & Chart Ninjas! 🕵️‍♂️💸 Welcome to the Silver Snatch Strategy—a sly, calculated approach to raiding the XAG/USD market with finesse. This plan fuses razor-sharp technicals with real-time fundamentals to swipe profits from silver’s wild swings. Let’s move like shadows, strike fast, and vanish with the gains! 🌑📈 📜 The Silver Snatch Blueprint Entry Triggers 🔑: 🔼 Bullish Ambush: Enter on a breakout above the 50-period EMA at ~$34.20, signaling a potential rally. 🔽 Bearish Strike: Dive in on a breakdown below the 200-period EMA at ~$31.50, riding the downward momentum. 💡 Pro Tip: Use price alerts to catch these levels without glued eyes! 🔔 Stop Loss (SL) 🛡️: 🟢 Bullish Trade: Set SL at $31.90 (recent daily low, cushioning against wicks). 🔴 Bearish Trade: Place SL at $33.80 (daily high, guarding against fakeouts). 📉 Stay Flexible: Adjust SL based on your risk tolerance, lot size, and market volatility. This is your safety net! Take Profit (TP) 💰: 🚀 Bullish Raiders: Target $36.50 (Fibonacci 61.8% retracement) or exit on fading volume. 🕳️ Bearish Thieves: Aim for $28.80 (key support zone) or slip out if momentum stalls. 🚪 Escape Tactic: Watch RSI for overbought (>70) or oversold (<30) signals to dodge reversals. 🌐 Why Trade XAG/USD Now? Silver’s price action is a treasure chest of opportunity, driven by: 💵 USD Strength: The US dollar is flexing due to hawkish Fed signals and robust US economic data (e.g., Q1 2025 GDP growth at 2.8% annualized). A stronger USD typically pressures silver prices. 🕊️ Geopolitical Shifts: Easing US-China trade tensions reduce safe-haven demand for silver, tilting sentiment bearish. 🎲 Speculative Bets: Speculative net-short positions on silver are rising, with traders leaning against XAG/USD. 📊 Technical Edge: RSI (14-day) at 45 signals bearish momentum, while Fibonacci retracement levels highlight resistance at $34.50 and support at $31.00. 📈 Intermarket Dynamics: Rising US Treasury yields (10-year at 4.2%) and equity market optimism divert capital from non-yielding assets like silver. 📉 Silver’s recent dip to $31.60 (May 19, 2025) reflects these pressures, but a potential rebound looms if geopolitical risks flare up. 📊 Real-Time Sentiment Snapshot (May 19, 2025) Retail Traders: 📈 Bullish: 38% 🌟 (Eyeing silver’s safe-haven appeal amid global uncertainty). 📉 Bearish: 48% ⚡ (Swayed by USD rally and trade deal optimism). ⚖️ Neutral: 14% 🧭 (Waiting for clearer signals). Institutional Traders: 🏦 Bullish: 25% 🏦 (Hedging with silver for recession risks). 📉 Bearish: 65% 📉 (Favoring USD assets amid higher yields). ⚖️ Neutral: 10% ⚖️ (Monitoring Fed commentary). 💥 Why This Trade? 🔥 Volatility Goldmine: XAG/USD’s recent 3% daily ranges offer quick profit potential for agile traders. 📚 Data-Backed Setup: RSI, Fibonacci, and EMA alignments provide high-probability entry/exit points. 🌬️ Macro Tailwinds: USD strength and trade optimism create a clear bearish bias, with bullish setups as contingency plans. 🛡️ Risk Control: Tight SL and dynamic TP levels keep your capital safe while chasing 2:1 reward-to-risk ratios. 🗞️ News & Risk Management ⚠️ Silver is sensitive to sudden news spikes. Stay sharp: ⏰ Avoid Entries Pre-News: Skip trades 30 minutes before major releases (e.g., Fed speeches, US CPI data on May 20, 2025). 🔁 Trailing Stops: Lock in gains as price moves your way (e.g., trail SL by 50 pips on bullish trades). 🌪️ Volatility Play: Use smaller lot sizes during high-impact events to navigate choppy waters. Join the Silver Snatch Squad! 👉 Click that Boost button to amplify this Silver Snatch Strategy and make it a TradingView legend! 🚀 Every like and share fuels our crew to drop more high-octane trade plans. Let’s conquer XAG/USD together! 🤜🤛 Keep your charts locked, alerts primed, and trading spirit electric. See you in the profit zone, ninjas!
FX:XAGUSD
by Thief_Trader
XAUUSD Double Top Breakdown & Target – Bearish Reversal in Play?In today’s analysis, we focus on Silver (XAG/USD) on the daily timeframe, which is currently presenting a high-probability bearish reversal setup. The price action has completed a Double Top pattern — a classic reversal formation — and has broken down below its neckline support, signaling a potential shift in momentum from bullish to bearish. This chart setup is particularly valuable for swing traders, pattern traders, and anyone seeking to anticipate mid-term directional moves in the commodities market. 📐 Technical Breakdown: 🔷 1. Double Top Formation: The Double Top pattern forms after a sustained uptrend and is identified by two peaks at nearly the same level. In this case: Top 1 formed near $35.5. Top 2 retested the same zone but failed to break above. The neckline support — drawn across the $28 zone — was eventually broken. This price action confirms the classic M-shaped structure, signaling distribution and potential bearish continuation. 🔷 2. Neckline and Breakdown: After failing at Top 2, price dropped below the neckline, breaking critical horizontal support. This move completed the pattern, triggering many technical sell signals. Price is now retesting the neckline zone, a common phenomenon where broken support becomes resistance (known as a "retest"). This retest offers a textbook short opportunity if bearish confirmation follows. 🔷 3. Curve Resistance: The upper curved blue line represents dynamic resistance. It has successfully capped price action across multiple attempts and aligns with the pattern's second top — enhancing the strength of this rejection area. 🧱 Support & Resistance Zones: Resistance Zone: $34.50–$35.50 Strong resistance from both peaks (Top 1 & Top 2) and historical sellers. Neckline / Retest Zone: ~$28.00 Now acting as resistance — this is the critical level to watch for rejection or breakout. Support Zones / Take-Profit Levels: TP1: ~$26.40 — aligns with recent horizontal structure and minor support. TP2: ~$22.58 — matches major historical support and measured move projection from the Double Top pattern. 📉 Measured Move Target (Pattern Projection): To calculate the target from a Double Top: Measure the height from top to neckline. Project that downward from the neckline’s breakout point. In this case: Height: ~$35.5 – $28 = $7.5 Breakdown point: $28 – $7.5 = Target near $20.5–22.5 The TP2 at $22.58 matches this logic — further validating the downside potential. 🔄 Market Psychology & Sentiment: This pattern reflects a shift in sentiment: Bulls tried and failed twice to push through resistance. The eventual breakdown shows bearish conviction, and the ongoing retest represents a decision point. If sellers hold this level, we could see a cascade of downside pressure as stops are triggered and momentum builds. 🛠️ Trade Setup & Scenarios: 📌 Scenario 1 – Bearish Continuation (High Probability): If price fails to reclaim the neckline (now resistance) and forms bearish confirmation (e.g., engulfing candle, rejection wick, breakdown below $31), this confirms a likely move toward TP1 and TP2. Entry Idea: Short on rejection from the $28–$29 zone Stop-Loss: Above $30 TP1: $26.40 TP2: $22.58 📌 Scenario 2 – Invalidated Pattern: If bulls push price back above the neckline ($29–$30 zone) with strong volume and daily close, this invalidates the setup and may lead to: Bullish continuation toward $32–$34 Possible trend resumption if curve resistance breaks 🧠 Educational Notes: Double Tops are most reliable when: Formed at the top of strong uptrends. Followed by a neckline break with volume. Retested with rejection. The retest phase is often the best risk/reward entry because: It confirms resistance. Offers clear invalidation levels. Keeps your stop tight while targeting deeper moves. 📢 Final Thoughts: Silver is currently at a critical technical juncture. The Double Top breakdown has played out, and now all eyes are on the retest. If bears defend the neckline, this setup provides a strong case for continued downside, offering a clean structure with well-defined targets. ⚠️ Risk Management is crucial — always manage your position size and respect invalidation zones.
OANDA:XAGUSDShort
by GoldMasterTrades
XAGUSD[SILVER] : A Start Of Swing Sell, Comment Your Views?Silver is currently consolidating in the daily timeframe, with no clear indication of where the price may move forward. Looking at the volume of the last few days or week’s candles, we can confirm that a swing sell could be imminent in the market. Fundamentals and technical data support this view, as well as our own trading experience. This analysis predicts the future price of the XAGUSD (SILVER) but does not guarantee that the price will move exactly as described. However, we want to emphasise that this analysis should be used for educational purposes only and should not be considered as a secondary bias. We would love to hear your thoughts on this idea. Additionally, please remember to like, comment, and share the idea to encourage us to bring you more trading ideas! Much love ❤️ Team Setupsfx_
OANDA:XAGUSDShort
by Setupsfx_
20