Xagusdtrading
SILVER (XAGUSD): Important Demand Zone Ahead
Silver is retracing after a sharp bullish movement.
Ahead, I see a significant demand zone.
The underlined yellow area is based on a rising trend line
and a recently broken weekly/daily horizontal resistance cluster.
With a high probability, we will see an up movement from that area.
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XAGUSD: Sell the bounce. Top about to be completed. Silver reached the top of the 3 month Channel Up, naturally on a bullish 1D technical outlook (RSI = 62.183, MACD = 0.939, ADX = 32.693) and since 3 days it got rejected to the 4H MA50 today. The 2 bullish waves before that show that this is technically the last bounce before the top is formed. We are ready to sell this back to the bottom of the Channel Up, targeting the 0.5 Fibonacci level (TP = 32.500).
See how our prior idea has worked out:
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XAGUSD: If this Bearish Cross happens, it's a sell.Silver is bullish on its 1D technical outlook (RSI = 63.461, MACD = 0.757, ADX = 29.627) but hit yet again the top (HH) of the Channel Up and got rejected. The metal has gained recently due to the tensions in the Middle East and after today's much stronger than expected Nonfarm Payrolls report, it should see a retrace as the USD is expected to gain, while the geopolitical tensions ease. The last Channel Up correction hit the 0.618 Fibonacci level, so any sell target above it and the 1D MA50, is justified (TP = 30.400).
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SILVER ( TRADING ABOVE TURNING LEVEL ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level
TURNING LEVEL : the price of turning level around 30.817 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level .
RESISTANCE LEVEL : around 31.454 , for reach this level will be stabilizing above turning level
SUPPORT LEVEL : support level at 30.138 , for reach this level will be breaking and stabilizing below turning level
PRICE MOVEMENT : currently price at 30.907 , as long as the price stabilizing above this level reach a resistance level at 31.454 , then breaking this level reach 32.128 , but if the breaking turning level and stabilizing below this level reach a support level at 30.138 , then breaking this by open 4h or 1h candle reach a 29.711
TARGET LEVEL
RESISTANCE LEVEL : 31.454 ,32.128 .
SUPPORT LEVEL ; 30.138 , 29.711.
XAGUSD: Bullish Megaphone going for its top.Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave.
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SILVER (XAGUSD): Bear Trap & Bullish Movement 🪙
We see a perfect example of a bear trap on Silver on a 4H time frame.
The market violated and closed below a key support.
Then, it suddenly bounced and broke a resistance line of a falling channel.
We can anticipate a further growth now.
Goals: 23.05 / 23.30
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XAGUSD: Approaching the 1D Support. Buy opportunity.Silver is on a strong decline after the August 30th rejection on the LH trendline. The price is naturally on a bearish 1D time-frame technically (RSI = 39.492, MACD = -0.033, ADX = 26.676) but an RSI reading below 35.000 has been a buy opportunity since the end of May. Ideally the buy entry would be as close to S1 (22.235) as possible. We will buy and target the LH trendline again (TP = 24.500).
Prior idea:
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XAGUSD Is entering the long term buy zone. Excellent opportunitySilver crossed today under the 1D MA200 for the first time since March 13th with the 1D technicals approaching a critical oversold level (RSI = 33.922, MACD = -0.337, ADX = 28.236). This confirms that the range from the 1D MA200 to the HL trendline is the Buy Zone of the long term Megaphone pattern.
We are starting a long term series of buys today. If you seek confirmation, you may wait until the LH trendline breaks, as it did on the March 13th breakout. Typically those are executed on strong green 1D candles.
Our medium term Target is the R1 (TP1 = 24.500) and long term the R2 (TP2 = 26.130).
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XAGUSD: Waiting for the MACD to give a buy signalSilver is trading inside a Channel Up pattern following the March 10th Low and the neutral 4H technicals (RSI = 48.188, MACD = 0.000, ADX = 33.202) indicate a short term buy opportunity. However, and despite the fact that the price hit the bottom of the Channel and is rebounding, it remains under the 4H MA50 for the past 24 hours and it requires the MACD to make a Bullish Cross in order to confirm the buy signal.
The smaller rise it has down inside the Channel Up is +5.70% so if the MACD gives that signal we will buy and target that range (TP = 26.150). If the price crossed under the Channel, we will sell and target the S1 (TP = 23.650).
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XAGUSD (SILVER).......BUY...BUY
💹XAGUSD(SILVER) ⏬BUY @ 25.2655
✅TP-1# 25.5675
✅TP-2# 25.8341
⛔️SL 24.5654
N.B-Silver create Bearish butterfly pattern.If have small
balance plz avoid Silver trade now.Because highly volatile.
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Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions.
THANK YOU
SILVER: Bearish Fundamental & Technical outlook.This is a break down analysis of Silver (XAGUSD) in the aftermath of key U.S manufacturing news.
Fundamental Analysis:
- The ISM Manufacturing PMI rose yesterday to 50.9 in January, up from 47.2 a month earlier, marking the first expansion reading since July. This improved risk appetite and is applying selling pressure on Silver. The U.S. manufacturing sector has been kept low for months as the U.S. China trade war unfolded but the phase one deal prompts investors for even stronger manufacturing readings this year.
- Based on the last 12 ISM Manufacturing PMI reports, Silver followed the statistics that gave a 66.7% probability to go lower on the 4H and 12H timeframe if the Actual reading was higher (>) that the forecast. The prediction is equal (66.7% probability to go lower) on a 2 day time frame as well.
Technical Analysis:
- The pattern is a Channel Down in the last 30 days.
- The Resistance is set at 18.115 and the Support at 17.350.
- Death Cross (MA50 crossing below the MA200) formed on the 4H chart.
- The MACD remains bearish with no sign yet to turn, following the Lower High on the Channel Down yesterday.
The above mix indicates that Silver is bearish both fundamentally (strong manufacturing numbers = lower Silver price) and technically (Channel Down). The last two declines after a Lower High were around -5.30% and we expect Silver to fulfil this sequence in the coming days.
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