XAG USD ( Silver / US Dollar)
Working off the fall of Silver. H4 26.11.2024Working off the fall of Silver 📉
Silver continues to fall, which I showed in the last analysis . On Monday we got a pushing volume down and if they give a new pullback, I advise to sell with targets around 29 and below. There is still potential for decrease. Major volumes remained up, major segment is also overlapped down and DPOC contract near 31.30 accumulated which gave a reaction down.
CAPITALCOM:SILVER
Bearish drop?The Silver (XAG/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 30.80
1st Support: 29.68
1st Resistance: 31.52
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Disclaimer:
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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.
Bearish drop off 50% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 30.75
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 31.55
Why we like it:
There is an overlap resistance level.
Take profit: 29.667
Why we like it:
There is a pullback support level.
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Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves
impulse in progress, currently wave 3 completed and we are entering
wave 4 pullback / re-accumulation stage right now.
🔸Well defined 5 waves structure, with two re-accumulation zones
in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5
and bulls will target 40 USD. 40 USD will cap the upside in precious
metals and will result in ABC correction in 2026.
🔸Recommended strategy position traders: BULLS should focus on
buying low from the lows of the re-accumulation zone, so the best
entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged
upside in this trade. good luck traders!
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SILVER: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed up by the bulls so we will buy!
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Silver could drop back under 30Unlike Gold, Silver showed far less volatility last week and behaved in a more technical manner.
After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break.
Similar to my approach with Gold, my strategy for Silver is to sell into rallies. A potential first target for this drop is 29.70.
XAG/USD "Silver vs US Dollar" Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
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XAGUSD Bearish as long as it trades below the 1D MA50.Silver (XAGUSD) is on a strong correction since the October 23 2024 High, which was a Higher High on the 2-year Channel Up. This is technically the new Bearish Leg. The previous one (started on the May 05 2023 High), initially targeted the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level.
That was of course after a first Lower Low rebound to the 1D MA50 (blue trend-line) where it was rejected (June 09 2023). It appears that technically the price is on a similar situation, so as long as the 1D MA50 closes candles below it, the short-term trend is bearish. Our Target is 29.500 (just above the 0.382 Fib upon expected contact with the 1D MA200).
Notice also that the 1W MACD is past a new Bearish Cross, a pattern similar to the May 24 2023 Bearish Cross, which confirms the Bearish Leg.
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XAGUSD - UniverseMetta - Signal#XAGUSD - UniverseMetta - Signal
D1 - Formation of the 3rd wave.
H4 - Exit from the channel + working out the ABC structure. You can try to enter from these levels.
Stop behind the minimum of the 2nd wave.
Entry: 31.53334 - *31.29743
TP: 31.92113 - 32.67554 - 33.40175 - 34.54394
Stop: 30.59562
Bullish rise off pullback support?The Silver (XAG/USD) has reacted off the pullback support that aligns with the 50% Fibonacci retracement and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 30.67
1st Support: 29.71
1st Resistance: 32.02
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 What Next? BUY!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 30.998
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 - 31.158
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
Silver - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAGUSD has been overall bullish, trading within the rising channel.
Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong support and round number $30.
🏹 Thus, the highlighted gray circle is a strong area to look for trend-following buy setups as it is the intersection of the $30 round number and lower gray trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SILVER approaches the gray circle zone, 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