DAILY FOREX MARKET WATCH: SILVER IS BULLISH!Silver is the market analyzed.
After respecting the W +FVG, a bullish BOS followed.
The D1 shows another +FVG was formed, a bullish indication.
I am looking for the D1 +FVG to be tested before price heads higher. It would be a great POI to
long from.
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XAG USD ( Silver / US Dollar)
Silver Forecast: A Potential 10,000 Pip Surge on the Horizon!I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why:
Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term.
From a strictly technical standpoint, as mentioned, we've been stuck in a range for over a year, with a clear resistance level around the $26 zone. If the bulls manage to break above this significant level, considering the one-year-long accumulation, I believe we could witness an explosive rise that might propel Silver to $35, with a potential pit stop at interim resistance around $30.
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD
HELLO TRADERS
Tendency under bullish pressure after the price create a bullish flag pattern
TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line around 30.84 and 31.49 , indicates selling have already increase this level , so if the price stable turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 29.39 and 28,88 , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 30.05 , after rising to the resistance level around 30.84 , then stable above this level reach 31.49 ,
if the price breaking turning level reach a support level at 29.39 , then stabilizing below this level reach a 28,88
TARGET LEVEL :
RESISTANCE LEVEL : 30.84 , 31.49
SUPPORT LEVEL : 29.39 , 28,88
SILVER My Opinion! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 31.223
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 30.522
Safe Stop Loss - 31.696
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Silver: Thoughts and Analysis Today's focus: Silver
Pattern – resistance stall, continuation
Support – $28.70
Resistance – $31.30
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue?
We have run over what we are looking for to confirm this and some warning signs to watch out for as well.
Good trading.
XAGUSD SILVER Robbery Plan To Loot MoneyMy Dear Robbers / Traders,
This is our master plan to Heist XAGUSD Silver market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Stop Loss : Recent Swing Low using 3h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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#SILVER: Time for another bullish move? Comment down your views!OANDA:XAGUSD
Price is in sideways in smaller timeframe, possible price was waiting for fed decision on interest rates, however, the news came out to be mixed. It is still not (100%) clear that the price will rebound straightforward. Likely, we will see mix price actions in coming time. Good luck and trade safe.
**Trade safe and if you like the idea and matches your bias, like and comment the idea, for more follow us**
Team SetupsFX_
XAUUSD - 1H Bullish momentumThe XAUUSD (Gold) chart analysis shows that Gold couldn’t consolidate below the $2300 mark after multiple attempts.
Now, it’s consolidating above the $2320 zone, indicating strong support. Given this consolidation over the support zone, there’s potential for Gold to rise and break through the resistance zones.
If the bullish momentum continues, we could see Gold targeting higher resistance levels, suggesting a favorable environment for buyers in the short term. Keep an eye on the resistance zones for potential breakouts.
SILVER ( CONTINUES TO FALLING )XAGUSD
HELLO TRADERS
AT 15.30 have a important news , huge affect a movement price
Tendency the price is a bearish pressure in 28.68
TURNING LEVEL : the price turning level at 28.68 , price stable below this level by open 4h candle it becomes reach a support level , but until trade above this level reach to resistance level
RESISTANCE LEVEL: if the price breaking turning level at 28.68 , the price will rise to 29.68 and 30.28 , then stable this level reach to 30.82
SUPPORT LEVEL : the price trade below turning level 28.68 , it will reach the support level of 28.21 and 27.45 , stable this level reach to 26.50
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* Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
Silver (XAG/USD) H1 Channel BreakoutThe XAG/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry : Consider entering a Long position around the current price of 29.45, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.35
2nd Support – 30.83
Stop-Loss: To manage risk, place a stop-loss order below 28.50. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
What does gold-silver ratio tell us about precious metals?The gold-silver ratio has reached a key area of resistance between 80.30 to 80. 55 area and has reacted. This comes on the back of a major breakdown below a multi-year bullish trend line back in early May. So far, the ratio has held resistance here, which suggests that silver might be able to outperform gold again. However, it could also mean that both precious metals may be in a correction phase, with gold falling faster than silver
But given the bullish price action we have seen so far this year, I'm leaning more towards the bullish argument for precious metals than bearish. For that reason, the breakdown in the gold-silver ratio makes me remain bullish on silver.
Meanwhile, the grey metal itself has been testing a major area of support around $28.00 to $29.00 in the last few weeks. So far there have not been any major bullish breakthrough with the metal holding inside what appears to be a bull flag pattern or bearish channel.
By Fawad Razaqzada, market analyst at FOREX.com
SILVER My Opinion! SELL!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 29.409
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 29.022
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Potential bullish rise?XAG/USD has bounced opff the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise to our take profit.
Entry: 29.09
Why we like it:
There is an overlap support which aligns with the 50% Fibonacci retracement.
Stop loss: 28.63
Why we like it:
There is an overlap support level.
Take profit: 29.90
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
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