Xagusdshort
SUPPLY AND DEMAND - XAGUSDW1 - Short bias
D1 Direction - to observe
No trade till price breaks D1 Demand zone before selling in lower Tf
Silver- Best place to sellIn my past Silver analyzes, I said that XagUsd is more bearish than Gold and the H&S trap confirmed this scenario.
Now, as in Gold's case, Silver is in a small correction and this can give us the opportunity to open short trades at better prices.
24 zone I expect to be very well offered and there we should search for selling opportunities.
Only Silver above 24.80 would change my bearish opinion
XAGUSD SHORT - Sell Entry - D1 ChartXAGUSD SHORT - Sell Entry - D1 Chart
Symbol: XAGUSD
Timeframe: D1
Type: SELL
Entry Price: Sell @ Market
Stop Loss: 25.514
Take Profit: 22.646
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
Silver- Strongly bearish under 24.80Yesterday I said that Silver is more bearish than Gold, and indeed, although it has risen, it could reach the last top
As you all may have seen, we have a clear H&S pattern with the neck-line at 24.80, which is broken at this moment.
Although this means upward momentum, the price is stalling above this neckline and looks more like distribution at this point and could be a false break.
Silver back under 24.80 (the neckline) is strongly bearish and confirms the false break.
In this case, I expect acceleration to the downside and Silver to drop to at least 23 zone (around 1800 pips)
My scenario is valid as long as the price stays under 25.60 on the daily close bases
Silver- More bearish than GoldLike its bigger brother, Gold, Silver also has a good start this month, with the price rising around 2500 pips or around 10%.
However, after breaking above the neckline of an H&S, the price stalled and lacked strong continuation. Instead found a strong ceiling at 25.50 and yesterday's rally above resistance for Gold wasn't matched with a rally above 25.50 for Silver.
This consolidation above the neckline looks like distribution to me and a drop under 24.70 could accelerate losses towards 23 zone support
I will look to sell rallies and a daily close above 25.50 would negate this scenario
Silver- Where to buy? After it has reached 24.70 zone resistance, Silver has started to correct October's rally and is trading now at 23.43.
Slightly under 23 is strong confluence support given by 61% Fibo and horizontal support and here we can look for opportunities to buy the market for a revisit of resistance.
SILVER : DOWNTREND | DOUBLE TOP SHORT IDEA...Welcome back Traders, Investors, and Community!
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Silver , We need pullback ...Hello everybody
In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave
The trend is upward and we need some rest and pullback to take position toward the trend ( Buy )
And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up
According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position
Dont forget use Stop Loss and money management
Good Luck
Abtin
XAGUSD 1W TF : 10.Oct.2021 (Update)As we can see, the analysis is in weekly time frame and is a Arithmetic chart ... Everything is clear on the chart and the possible scenario is marked on the chart ... If you have any other questions, leave us a comment.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 10.Oct.2021
⚠️(DYOR)
Divergence signals and selling opportunities with XAGUSDH1 time frame.
Structure: downtrend.
A divergence signal and double top pattern appeared with XAGUSD.
Wait for the price to break the Key level at 22.210 and have a confirmed retest move, then you can look for selling opportunities.
The profit target is the zone of 21.400.
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Wish you all have a good trading day!
Silver is heading lowerHi there,
Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver.
Good luck
XAGUSD the downtrend continues in Silver 04 Oct, 2021From my daily chart, note the S/R levels (zones) at 24.00 and 22.60.
Also see:
- a downtrend that began in May.
- for the most part, price has been contained below the 20 ema.
- a break below 22.60 and price has now pulled back.
As long as we are below 24.00 on a daily close basis, my bias is to the down side. I am anticipating a continuation of the bearish trend either immediately or a rejection at the 20 ema again. The next major support comes at 18.60 region, although we could see some stalling around 22.116.
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Always use sound money and risk management in all your trades.
Going DOWN?Are the words a whisper to my girlfriend after a long hard day at work... NO f@ck off are the words she whispers back.
As you can see i have a few very strong levels drawn on my chart, the main level been 22 as previously it was used as support which finally broke yesterday, today price has come back up to re test this broken level as resistance and if this resistance level holds then i can see bears pushing price down to 19! Now i am very bullish on silver long term because of all its industrial uses and the lack of supply in circulation, this only means one thing 2022 will be a very big year for silver bulls, but until then i can see price being manipulated by the big banks and been pushed down short term.
On the other hand if we fail to hold below 22 then the opposite could happen and we could push up to my next level of resistance at 22.89. In trading you have to look at both outcomes and let price tell you what it wants to do, if you rush in you will always lose.
So i am short term SHORT but long term LONG.
If you have any questions please just ask.
Cheers.
SILVER : WEEKLY TRADE PLAN UPDATEhi traders and followers.. i wish u all the best in your trading
so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post.
as for silver.. Silver is trading sideways and showing rejection at $23.14 after last week's breakout to a new low on the daily chart.
again same with gold.. any breakout below 21.66265 is opportunity to buying dip
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Silver- Strongly bearish under 22.50Yesterday I've argued that Silver can drop hard if it breaks the flag pattern.
After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag.
I maintain my bearish outlook and I'm looking to sell rallies or directly the break.
The target can be the measured one at 21 or, in the short term, 22.30, the recent low support