Bearish Trend XAGUSDBearish Trend XAGUSD After Analysis found in 1 hour chart Bearish Divergence, and the trend is bearish as well,Entry Point is also defined and TP1 & TP2 is set as well,
Xagusdanalysis
Silver possible long for 23.90price in range between 22.24-25.20 since last 8 months. Double top formation round about 22.25 area. Demand zone for long 22.85-65, stop loss 22.55, target: 23.90.
Silver - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
No opposite signs.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Weekly Roundup: XAGUSD SilverOverall bullish bias.
Price left a weekly fvg (fair value gap).
H4 has shifted bearish.
I would like to see price tag into the weekly fvg, and then see a nice strong H4 bullish displacement to then target the weekly highs (market on chart)
Silver - LONGThis is worth a try here - LONG;
Overall environment is a mixed bag, with a strong deflationary bias at the moment. Rates (and the $) is sitting smack in the middle of all possible ranges thus, anything can happen here - and most likely will. If this doesn't turn here (quickly!) then it's no good. (Gotta watch it closely, with narrow stops.)
SILVER Analysis 27Aug2023closing the market in the silver market last week it can be seen that there was confusion, look at the candles that I gave this dotted line. at the beginning of next week there is a possibility of sideways before the price is corrected in the SR Flip area.
XAGUSD ) Long Term Trading IdeaHello Traders
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XAG/USD -Weekly Uptrend Outlook(update)- Silver's uptrend remains intact techincally speaking,
as long as its plenty of supports below are there to enforce uptrend resumption.
A decent Demand Zone as well just in case TVC:DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath,
making Financial Markets turn around.
For now, in the short term Silver may be struggling a little bit, only to find new
buyers at its close lower levels.
Losing grip of 0.618 Fibbonaci Trend Retracement would make me worried whether price will follow bars patterns
Note that bars patterns are there just to give a mere visualization idea for uptrends worst case scenario without breaking Weekly Uptrend market structure.
In case 22.1$ price level (recent HL market's structure) and support trendline is to be violated through huge selling volume, that would shift Character of Weekly Uptrend
Until the next one ;
Trade smart ,
TRADE SAFE
*** NOTE that this is not Financial Advice .
Please do your own Research before partaking on any Trading Activities
based solely on this Idea.
Right time for a small reversal in Silver? XAG - silver - hitting some key support points on the daily graph, with valid signs for a reversal on Stochastic too, RSI still not there yet but at least small reversal up until 200-day MAs is in order.
Silver- will history repeat itself?As I said, before, I usually use XagUsd as a leading indicator for Gold, and more often than not, this is the case.
Also recently, although XauUsd made a new low, XagUsd stopped its descent and reversed and on Monday the reversal was very strong, with the price slightly getting back above both the ascending trend line and the horizontal level followed by a clear up break the next day(yesterday)
If we look back at March, we could see a similar pattern, we a double false break and strong reversal.
With a renewed appetite for precious metals, we can expect price action to act in a similar way.
Technically speaking, a false break leads to reversal, and also, the recent bottom is marked by a lot of reversal candles and candle formations.
23.25 is strong confluence support and considering a trade in that zone with a target in the next important resistance a trade with a 1:4 risk: reward could be achieved
XAGUSD I Daily correction and continuation on the weeklyWelcome back! Let me know your thoughts in the comments!
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SILVER Analysis 20Aug2023if you look at the price movement last week, there is a possibility that a reversal will occur. I still use the Eliot Wave notation a few weeks ago with the assumption that the price will be bullish with the invalid area boundary below. if the area is violated then the elliot wave notation will change and the trend will probably be a complex correction wave.
XAGUSD SHORT - WAIT FOR A CORRECTION!Waiting for a retest of 24.03681 to short XAGUSD back to 4H key level at 22.72148
If you agree drop a like and if you have any questions leave a comment :)
Silver Almost Ready To Run Part II
Since it`s top in may silver has been in corrective mode. I exited my last trade on April 14 close to the top and have been on the sidelines since then – see my last idea. In my opinion the correction is nearing its end.
Looking at gold I expect this next upcycle to be even more aggressive then the last. I´m not in the camp of the triple top – to the contrary – I expect gold to break its highs and run. It hasn`t even retraced 38% of it´s upmove (low in Sep 22) and already wasted so many weeks correcting in terms of time. Both very bullish since imo. Market was in need of some breathing so long-term moving averages could catch up.
I would suggest to have exposure to gold and silver. Key is to be patient now and wait for the entry to come. It may take 1-2 more weeks. COT does not look as good as in march yet. I would actually like to see ~21.60 maybe even a marginal break of the red uptrend, which is intact since sep 22. Not sure if we get that low ~22.30 is monthly mid Bollinger. Somewhere in between I will look to buy. Weekly RSI 6 is at ~34 nearing oversold.
Interesting point is that gold has broken its uptrend-line – something that is often necessary for a market to bottom, its when technical traders sell their positions – while silvers uptrend-line is still intact.
SILVER Analysis 30July2023With the formation of a new LL in the wave structure, it is certain that the possibility of greater bearish continuation. It is possible that currently a complex correction wave is formed to determine the wave (2) where Wave 2 is always a correction wave. If you want to do a short, you can do it when the price approaches LH
SILVER Analysis 24July2023I see this commodity positively bullish, now the price is stuck in the SND area and I try to provide Fibo Retracement, and the results are quite supporting this analysis to find the long area. There are 2 SND areas that are quite striking here, where the SND area intersects with Fibo 0.618 and 0.236, and the 0.236 Fibo area is also close to the bullish trendline, quite interesting?
XAGUSD H4Silver Short 🔰
Entry Price: 24.59891
SL: 25.30782
TP: 23.89000
Silver making clear divergence and market will be bearish trend next working days so placed pending order Breakout of previous HL and keep Sl on last HH
XAGUSD Silver Next Possible MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Bullish Channel as an Correction in LTF
Completed " 12 " Impulsive Wave
Divergence - RSI
Break of Structure
Falling Wedge in STF
Resistance Level
SILVER Analysis 19July2023silver's movement still tends to be bullish, although in the last 2 days there has been compression where the candle that is formed is small and lacking in content, but structurally it still forms a new HH. there is still a possibility to continue the bullish trend slowly.
Silver- Confortable above supportLast week was a good one also for Silver, with the price managing to break above two important resistances: 23:20 and 24:50.
Now XagUsd is trading comfortably above the latter, which should provide support now.
That being said, dips in the 24.50 zone should be bought and the target could be set in the previous high zone around 26.
Negation comes with a daily close under support
Silver- Yet another important resistance brokenSimilar to Gold, CPI also triggered a resistance break for Silver, unlike Gold though, yesterday XagUsd has broken also above another important level...
At this moment chart structure is very bullish and we could expect another rally to 26 recent high.
24.50 old resistance is now support and in this zone, traders should look for buying opportunities.
SILVER Analysis 13July2023looking at the analysis based on the elliot notation for silver, it looks like it is currently in the beginning of a bullish trend, you can take part in going long by placing a pending order in the SnD area that has been readjusted according to your analysis.
