XAG USD ( Silver / US Dollar)
Silver H4 | Overlap resistance at 50% Fibonacci retracementSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 29.87 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 27.77 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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Overlap resistance ahead?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support level which has been identified as a pullback support.
Pivot: 28.93
1st Support: 27.72
1st Resistance: 29.61
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.
XAGUSD - Silver on the rise?Silver is below the EMA200 and EMA50 in the 4H timeframe and is trading in its descending channel
If the drawn upward channel is maintained and its valid failure is not achieved, silver's upward path will be possible up to $29
If silver rises and falls within the specified supply zone, we can look for silver sell position
Silver H4 | Potential bullish reversalSilver (XAG/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 27.77 which is a multi-swing-low support.
Stop loss is at 27.00 which is a level that lies underneath an overlap support and the 78.6% Fibonacci retracement level.
Take profit is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
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. 62% 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. 59% 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.
SILVER (XAGUSD): Long From Support
I see a nice buying opportunity on Silver.
The test of a key intraday/daily structure support triggered a strong bullish reaction.
A double bottom was formed, and we see a bullish movement above the neckline
this morning.
I think that the price will keep growing at least to 28.61
❤️Please, support my work with like, thank you!❤️
XAUUSD potential Buy trade after the breakout of the channelXAUUSD has bounced off a support level and reached the key price level of 2500. On the daily timeframe, two long-tailed bars have formed, indicating a strong double rejection of the support. If upcoming news does not negatively impact gold, the market could be positioned to test its all-time highs. On the 1H chart, the price action has broken and closed above the downward channel, suggesting that the recent movement was a pullback and signalling a possible end to it. The market may retest the swap zone before pushing to higher levels. The target is the resistance at 2527
SILVER Sellers In Panic! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 27.937 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 28.271
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Bearish drop off 61.8% Fibonacci resistance?XAG/USD has reacted off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could fall from this level to our take profit.
Entry: 29.11
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop stop: 27.88
Why we like it:
There is a pullback support.
Take profit: 28.35
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish drop?The Silver (XAG/USD) has reacted off the pivot and could fall to the 1st support identified as an overlap support.
Pivot: 29.11
1st Support: 28.33
1st Resistance: 29.61
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.
Gold possible up correctionXAUUSD continues its downward movement, closing below the 2500 level and confirming a break out of the consolidation zone. With this momentum, the market is likely to head to lower levels. Although the major trend remains bullish, this correction might find support around the 2450 level. If the market retests this area and shows rejection signs, like a bullish long-tailed bar, it could offer a good buying opportunity. A strong rebound from the 2450 support could pave the way for a continuation of the bullish trend toward the all-time highs. The target is the resistance zone at 2505
Pullback resistance ahead?The Silver (XAG/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support.
Pivot: 28.78
1st Support: 27.92
1st Resistance: 29.63
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 SellXAGUSD has confirmed its sell mode and going to have a dive again we are having a counter trendline waiting upside which will be most probably rejected and the price will continue to move in its bearish direction ⬇️
Also the confluence is that price is moving under 50 SMA on 1 Hourly TF so we are over all according to our time frame so we will have a bearish trade based on price action confirmation
We are watching price closely before taking any other decision
XAG/USD Silver Bullish Side Money Heist PlanHola ola Robbers / Money Makers & Losers,
This is our master plan to Heist 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.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
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.
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.