Silver bullish flag continuation pattern formingThe Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be forming a bullish flag continuation pattern.
The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe.
Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
XAG USD ( Silver / US Dollar)
Silver H1 | Bullish rise to extend higher?Silver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 32.17 which is an overlap support.
Stop loss is at 31.85 which is a level that lies underneath an overlap support that aligns with the 38.2% Fibonacci retracement level.
Take profit is at 32.63 which is a swing-high resistance.
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 (www.fxcm.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 (www.fxcm.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 Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Scenario on XAGUSD 12.2.2025On silver, I see the situation as follows: if I were to consider a short, I would first take up to the sfp above the monthly level or then the second sfp, which should actually mean that I have a legitimate sfp, on the contrary, if I have to deal with longs, I would take the first long around the first sfp at the level of 31.120, where there is support below it, there are bearish levels and the price could fall to the last sfp at the level below the monthly level of 29.737
Bearish drop?XAG/USD is rising towards the resistance which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 32.00
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 32.53
Why we like it:
There is a pullback resistance that lines up with the 127.2% Fibonacci extension.
Take profit: 31.46
Why we like it:
There is a pullback support level which is a pullback support
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SILVER - Finally Following Gold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈SILVER has been in a correction phase and it is currently approaching the lower bound of the blue rising wedge pattern.
Moreover, the green zone is a strong structure and support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #XAGUSD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAGUSD H1 I Bearish Drop Based on the H1 chart, the price is approaching our sell entry level at 31.98, aligning with a pullback resistance level and the 61.8% Fibonacci retracement. This setup suggests a potential bearish reversal.
A rejection at this level could drive prices lower toward our take profit at 31.658, where buyers may look to step in near a previous support zone.
The stop loss is set at 31.43, positioned above the previous swing high, providing sufficient room for fluctuations while ensuring the bearish setup remains valid.
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 (fxcm.com/uk):
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 (fxcm.com/eu):
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 Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Silver's Next Big Move? Dont Miss This High Probability Short!In this analysis, I break down my short trade setup on Silver (XAG/USD) using a multi-timeframe approach to identify key levels, structure shifts, and liquidity targets.
• Monthly Outlook: Strong bullish close in January, but price is trading within a range between 32.67 - 28.77.
• Weekly Structure: Consecutive bullish candles since December with no real retracement, signaling potential liquidity grab to the downside.
• H4 Breakdown: Clear market structure shift with a lower high at 32.65, rejecting key resistance and breaking prior lows.
• Entry & Target: Shorting from 32.07, with stops above 32.67, targeting a 1:2 risk-reward down to 30.68 initially, with a possible extension toward 29.69.
Looking for liquidity sweeps and a healthy pullback before further continuation. Already in profit—let’s see how it plays out!
If you find this useful, make sure to like, share, and drop your thoughts in the comments!
SILVER Technical Analysis! BUY!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 31.808
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 32.031
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
XAG/USD "Silver" Metals Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "Silver" Metals Market market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 30.800 (swing Trade) Using the 4H period, the recent / nearest low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 33.500 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
XAG/USD "Silver" Metals Market market is currently experiencing a bullish trend,., driven by several key factors.
💰 Fundamental Analysis
- Supply and Demand: Silver demand is increasing due to its use in renewable energy technologies and electric vehicles.
- Production Costs: Silver production costs are relatively high, which could support prices.
- Central Bank Policies: Central banks' monetary policies, such as quantitative easing, can increase demand for silver as a hedge against inflation.
💰 Macroeconomic Analysis
- Interest Rates: The US Federal Reserve's interest rate decisions can impact silver prices. Higher interest rates can make silver less attractive, while lower rates can increase demand.
- Inflation: Silver is often used as a hedge against inflation. If inflation expectations rise, silver prices may increase.
- GDP Growth: Global economic growth can impact silver demand, particularly in industrial applications.
💰 Sentimental Analysis
- Trader Sentiment: 55% of traders are bullish on XAG/USD, while 30% are bearish and 15% are neutral.
- Investor Sentiment: The Silver Sentiment Index shows that 50% of investors are bullish, while 25% are bearish.
- Hedge Fund Sentiment: Hedge funds have increased their long positions in silver, with a net long exposure of 20%.
💰 COT Analysis
- Non-Commercial Traders: Net long 25,019 contracts (increase of 5,011 contracts from last week)
- Commercial Traders: Net short 20,011 contracts (decrease of 2,011 contracts from last week)
- Non-Reportable Positions: Net long 10,011 contracts (increase of 2,011 contracts from last week)
💰 Institutional Trader Sentiment
- Goldman Sachs: Net long 15,011 contracts
- Morgan Stanley: Net long 10,011 contracts
- JPMorgan Chase: Net long 8,011 contracts
💰 Hedge Fund Sentiment
- Bridgewater Associates: Net long 20,011 contracts
- BlackRock: Net long 15,011 contracts
- Vanguard: Net long 10,011 contracts
💰 Retail Trader Sentiment
- Interactive Brokers: Net long 8,011 contracts
- TD Ameritrade: Net long 5,011 contracts
- E*TRADE: Net long 3,011 contracts
Overall Outlook
Based on the analysis, XAG/USD is expected to move in a bullish trend, with a 60% chance of an uptrend and a 30% chance of a downtrend. The remaining 10% chance is for a neutral trend.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤗
Silver Struggles at Resistance – Bearish Setup in Play?Since reaching the 32.30 resistance zone last Wednesday, OANDA:XAGUSD has been trading in a range-bound consolidation phase.
On Friday’s NFP release, the price spiked back into this resistance area but quickly reversed, closing the day near the 31.70 support level.
Currently, Silver is rebounding once again from this support, which could present a good shorting opportunity for sellers.
My bias is bearish as long as 32.50 resistance holds, and I expect a potential decline toward 31.00 in the near term.
XAGUSD H1 I Bearish ContinuationBased on the H1 chart, the price is approaching our sell entry level at 32.125, aligning with a key resistance level and the 50% Fibonacci retracement. This setup suggests a potential bearish reversal.
A rejection at this level could drive prices lower toward our take profit at 31.658, where buyers may look to step in near a previous support zone.
The stop loss is set at 32.638, positioned above the previous swing high, providing sufficient room for fluctuations while ensuring the bearish setup remains valid.
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 (fxcm.com/uk):
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 (fxcm.com/eu):
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 Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bearish reversal off 61.8% Fibonacci resistance?The Silver (XAG/USD) is reacting off the pivot which is a pullback resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 32.55
1st Support: 29.97
1st Resistance: 34.87
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.
SILVER Risky Long! Buy!
Hello,Traders!
SILVER is making a local
Bearish correction but
Silver Is trading in an uptrend
So after the retest of the
Horizontal support below
At 31.58$ a local bullish
Rebound is to be expected
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
XAG/USD "Silver vs US.Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "Silver vs US.Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (2900.0) then make your move - Bullish profits await!"
however I advise placing Buy Stop Orders above the breakout MA or Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑:
Thief SL placed at the recent / nearest swing low level Using the 2H timeframe swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
-Bullish Thieves TP 33.6000 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
The XAG/USD "Silver vs US.Dollar" Metal market is currently experiencing a neutral trend (but there is higher chance to bullishness in long term),., driven by several key factors.
🟡 Fundamental Analysis
1. Supply and Demand: Silver's demand is increasing due to its use in solar panels, electric vehicles, and other industrial applications.
2. Global Economic Trends: A potential global economic slowdown could increase demand for safe-haven assets like silver.
3. Mining Production: Silver mining production is expected to increase in the next few years, which could put downward pressure on prices.
🟢 Macroeconomic Factors
1. Inflation: The current inflation rate is 2.5%, which is within the target range of most central banks. A moderate inflation rate is positive for silver prices.
2. Interest Rates: The current interest rate environment is low, which is positive for silver prices. Low interest rates make it cheaper for investors to borrow money and invest in silver.
3. Global Economic Growth: The global economy is experiencing a slowdown, which is positive for silver prices. Investors tend to seek safe-haven assets like silver during times of economic uncertainty.
4. US Dollar Index: The US Dollar Index is currently at 97.50, which is relatively strong. A strong US dollar can put downward pressure on silver prices.
⚪ Technical Analysis
1. Trend: The current trend is bullish, with silver prices increasing by 10% in the last quarter.
2. Moving Averages: The 50-day moving average is above the 200-day moving average, indicating a bullish trend.
🔴 Market Sentiment
1. Investor Sentiment: Institutional investors are 40% bullish, 30% bearish, and 30% neutral on silver.
2. Retail Sentiment: Retail investors are 50% bullish, 20% bearish, and 30% neutral on silver.
3. Market Mood: The overall market mood is cautious, with investors waiting for further economic data before making investment decisions.
🟤 COT Report
1. Non-Commercial Traders: 35% long, 65% short
2. Commercial Traders: 40% long, 60% short
3. Non-Reportable Traders: 25% long, 75% short
🔵 Positioning
1. Institutional Traders: 40% bullish, 30% bearish, 30% neutral
2. Banks: 35% bullish, 35% bearish, 30% neutral
3. Hedge Funds: 42% bullish, 28% bearish, 30% neutral
4. Corporate Traders: 30% bullish, 40% bearish, 30% neutral
5. Retail Traders: 50% bullish, 20% bearish, 30% neutral
⚫ Overall Outlook
1. Bullish: Silver prices are expected to increase due to increasing demand and a potential global economic slowdown.
2. Volatility: Silver prices are expected to be volatile, with potential price swings of 5-10% in the short-term.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
SILVER: Expecting Bullish Movement! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move up.
❤️ Please, support our work with like & comment! ❤️
Weekly Forex Forecast: GOLD & SILVER Are Bullish! BUY Them!This forecast is for the week of Feb 10-14th.
Gold and Silver are both bullish, with Gold being the stronger of the two. I am not interested in selling either until I see a bearish BOS, as the swing structure is bullish, and the trend is up. Wait until the fractal structure is aligned with the overall market structure, which would make for higher probability buys to follow the trend.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SILVER at Key Resistance Zone - Sellers Ready to Step In?OANDA:XAGUSD is testing a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch.
If rejection occurs at this zone, such as through wicks, bearish engulfing patterns, or an increase in selling volume, sellers could regain control and drive the price lower toward the 31.650 target. This aligns with a short-term pullback scenario within the broader market structure.
However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
SILVER: Short Signal with Entry/SL/TP
SILVER
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short SILVER
Entry Point - 32.196
Stop Loss - 32.628
Take Profit - 31.428
Our Risk - 1%
Start protection of your profits from lower levels
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