SILVER XAGUSD Bullish Robbery PlanMy Dear Silver Robbers / Traders,
This is our master plan to Heist Bullish side of SILVER MARKET based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
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Xagusdlong
Up to 207% gains in SilverSilver has given a strong impulsive break out from the long term trendline resistance after long accumulation phase.
Big volume candles since July 2023 confirm healthy accumulation by strong hands.
Currently price is in Primary Wave 3 which can end somewhere near 66 level. A potential gain of 135% by end of this year.
Wave 5 target is around 87-88 levels which can be achieved by the end of 2026. Around 207% gains from CMP within 3 years.
Do your own due diligence before taking any action.
Peace!!
SILVER Seeks Support at $22.00 Amidst Rate Cut ExpectationsOn Monday, silver experienced a sharp downturn, revisiting the $22.00 mark, reflecting a more than 2.5% decrease from its previous close. Market participants swiftly adjusted their expectations of early rate cuts by the Federal Reserve (Fed), leading to a substantial sell-off in the white metal.
Technical Analysis:
From a technical standpoint, the current price is positioned in a crucial support area around $22.00. This zone is fortified by a dynamic trendline, historically supportive of price rebounds. Additionally, the 78.6% Fibonacci level acts as a potential discount area, offering a foundation for the price to find support. The Stochastic indicator remains in oversold conditions, signaling the potential for a rebound. Anticipating a recovery, our outlook targets a return to $24.50 and $26.00 in extension.
Economic Landscape:
Turning to economic news, the CME Fedwatch tool suggests that investors are now eyeing a potential interest rate cut in May. This shift in sentiment is attributed to persistent price pressures driven by robust household spending and favorable labor market conditions. The upcoming focus of the week will be on the release of United States Q4 Gross Domestic Product (GDP) data scheduled for Thursday. A positive GDP reading would reinforce the narrative of 'higher interest rates,' aligning with the Fed's cautious approach towards premature rate cuts.
Outlook:
As silver grapples with the $22.00 support, the interplay of technical factors and market sentiment becomes crucial. The dynamic trendline and Fibonacci support offer a potential springboard for a price rebound. However, the economic landscape, particularly the GDP data release, will significantly influence the metal's trajectory. Traders are advised to closely monitor developments to navigate potential price fluctuations in the coming days.
Conclusion:
The silver market finds itself at a critical juncture, seeking support at $22.00 amid shifting expectations of Fed rate cuts. Technical indicators suggest the potential for a rebound, yet the economic data release later in the week will undoubtedly play a pivotal role in determining silver's path. Traders should exercise caution, staying adaptable to evolving market dynamics as they unfold throughout the week.
Our preference
Long positions Above Support Area $20 with targets at 24.50 & 26 in extension.
SILVER View following by gold! Shorts gonna playin" sooner!Spot silver
XAGUSD1! rose 0.7% to $25.15 per ounce, platinum
PL1! was up 0.2% at $909.76 and palladium
XPDUSD1! climbed 0.9% to $1,023.95.
Gold prices rose to a record high on Monday, as a softer U.S. inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold
GOLDwas up 1.2% at $2,258.53 per ounce, as of 0815 GMT, after hitting an all-time high of $2,262.19 earlier in the session. U.S. gold futures GOLD gained 1.8% to $2,279.50.
"The absence of any upside surprises in the core PCE price index release may have provided further go-ahead for gold prices to push into new record territory," said IG market strategist Yeap Jun Rong, referring to the personal consumption expenditures (PCE) price index report.
The core reading now at its lowest level in almost two years potentially offers some validation for the Fed to kick-start its rate-cutting process sooner rather than later, Jun Rong said.
The latest U.S. inflation data is "along the lines of what we would like to see," Fed Chair Jerome Powell said on Friday. U.S. prices moderated in February, with the PCE price index rising 0.3%, data showed.
Traders are currently pricing in a 69% probability that the Fed would begin cutting rates in June, according to the CME Group's FedWatch Tool. Lower interest rates reduce the opportunity cost of holding bullion.
Gold logged its biggest monthly rise in more than three years in March after a blistering rally fuelled by rate-cut bets, strong safe-haven demand and central bank buying.
"Today's price action is happening in a very low liquidity environment – most European and many APAC markets are still closed for Easter Monday. So, it would not be surprising to see these moves reverse when participation rebuilds later in the week," said Ilya Spivak, head of global macro at Tastylive.
XAGUSD pullback entry opportunity.From my analysis(excluding fundamentals, as they can change over time) I have found quite a good place to enter long positions if Silver has a pullback. We may expect a pullback because Silver is at a price which had a history of being rejected. So maybe this will be a great trading opportunity, I have mapped out a possible entry with an RR of 4. But remember that it is a must to check the fundamentals, as they can influence the price.
XAGUSD
XAGUSD appears to be exhibiting a bullish trend on the daily timeframe, supported by an ascending channel and ABC pattern. The recent falling wedge breakout followed by a successful retest suggests further upside potential. It's prudent to await confirmation through bullish price action before considering entry into the market.
Silver: Thoughts and AnalysisToday's focus: Silver
Pattern – Breakout test.
Support – 21.90, 22.84
Resistance – 23,45 23.19
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
Looking at Silver, we see that price continues to pull back after breaking out of a triangle-based squeeze pattern. This is fine after a breakout but we want to see 22.84 hold as support for buyers. If it does, we will look for a move to retest resistance, set up a range break, and possibly confirm a new up trend.
If sellers break 22.84 support, this could be a worry, and if other factors weigh in, like metals sector selling and or a firmer USD, this could lead to deeper tests to the downside.
Do you think buyers can hold and set up a new push higher?
Good trading.
Silver to 23.52, then 24.40 and ultimately 25.90Fundamentals backing this trade idea:
- Silver as a seasonsal tendency to rise in the month of February
- Looking at the Commitment Of Traders Reports, large commercial hedgers are decreasing their overall net short positions
Thought process:
Smart Money Concepts begin with adopting the 'Market Efficiency Paradigm' which is the idea that the market is either seeking liquidity or areas of inefficiency at a premium or a discount.
I interpret the price run below 22.51 as smart money buying as a counter-party to traders who had market orders to sell the market at that price point (buying from sellers at a discount)
To then offset some of their positions at 24.40 where there are willing buyers at a premium
Any bearish candle that prints on the DAILY chart is viewed as a buying opportunity. I anticipate 'UP' candles to be broken through with low resistance and 'DOWN' candles to hold as 'support'
SILVER BUY ITS @ SUPPORT ZONEHELLO TRADES !!!
As i can see silver is now @ support zone and we are buying with a low risk and looking for a higher rewards ... Friends trade is on based of Fundamentally + Technical analysis kindly have look on our other analysis so you can understand why we are buying charts is crystal clear for uptrend its just an trade idea share ur views with us for silver we appreciate ur love and support
Silver Prices Near Monthly Low Amid Fed's Hawkish SignalsSilver prices (XAG/USD) are experiencing a significant decline, approaching the $22.00 mark, driven by signals from Federal Reserve (Fed) Chair Jerome Powell and colleagues indicating a willingness to implement additional interest rate hikes in pursuit of a more restrictive monetary policy stance.
Jerome Powell's recent statements, affirming the Fed's readiness to raise interest rates further to maintain price stability, contrast with the uncertainties expressed by Fed policymakers Mary Daly and Thomas Barkin, who remain unsure about the necessity of interest rate hikes. Concurrently, apprehensions preceding the release of US inflation data for October have contributed to keeping silver prices subdued. As per expectations, the Core Consumer Price Index (CPI) for the month and year is anticipated to exhibit steady growth at 0.3% and 4.1%, respectively.
The US Dollar has strengthened in anticipation of inflation data, with a potential drop in the inflation rate to 2% heightening hawkish sentiments at the Fed. The US Dollar Index (DXY) is striving to surpass the immediate resistance level of 106.00. In European trading, S&P500 futures have recorded additional losses, reflecting a risk-averse market sentiment. The yield on the US 10-year Treasury bond has risen to approximately 4.65%.
Technical Analysis of Silver
Silver prices continue their downward trajectory post a test of the breakdown of consolidation within the $22.37-23.70 range on the four-hour chart. Short-term demand for the precious metal remains muted as it has dipped below the 200-period Exponential Moving Average (EMA), hovering around $22.70.
The Relative Strength Index (RSI) (14) has entered the oversold range of 20.00-40.00, signaling the activation of downward momentum.
#XAGUSD: 2nd Entry Possible, big trade coming! Dear Traders,
At the beginning of the week and the first hour of trading of Monday, gold and silver price sky rocketed. The reason is many institutional traders took the price high to take their profit out as we approaches the year end. The second thing is the fear that FED will increase the interest rate that means dollar will collapse ultimately this fear led pre session market sentiment to go all in. Moving forward we expect price to fill the liquidity voided area and once filled. Price can continue the drop.
Thanks in advance and good luck.