XAGUSD1! trade ideas
Silver Daily chart actionReading is self explanitory but there was a reason for this pullback between Fib Bands and the overall Channel that formed. Can see bounce off 99 day and then further downside.
Wont activate head n shoulders fully in my mind, But the boys behind the Chicago desk may say otherwise....The Sun in an idea, not a suggestion...be careful
facing stiff resistance the up move was a fake one and now we should see a deeper correction before another higher highs
The ES silver12.11.24 the ES is a bullish chart but it made a correction lower with a 2 bar reversal that led to where it is today.... and I was looking for a chance to short the market on a correction higher if I could find a small stop thinking that the market would continue going lower if it didn't make new highs. I realized that the market is only a very small fraction lower than its all-time high and I recognize that it is a bullish Market by any standard.... nevertheless I was trying to find sellers and I wanted you to see the process. silver was the next Market that I looked at and I got a chance to show you Fibonacci extensions on the way up and on the way down and that you can follow reversal patterns based on that. it occurred to me as I was doing a video is that I got into two topics the ES and the silver and this was a fairly busy complicated day because of the way the markets are moving and it required that I use the tools that I use making decisions fairly quickly. this turned out to be a challenging exercise if I wanted this to be a little more simple.... but it was still worth the effort even though it's going to a little more work-oriented today...most days are easier. it in addition you don't have to take every trade and you don't have to be a stop and Reverse Trader.
Silver Set for Rebound: A Promising Long Position StrategyAs we transition from November to December, silver is showing signs of a potential rebound, having touched the demand zone for the second time. This trend indicates an opportune moment for exploring long positions in the market.
Our analysis is reinforced by the latest Commitment of Traders (COT) report, which suggests a favorable sentiment among traders, aligning with our forecasting models. The current pricing dynamics indicate a strong setup for entering long positions as we anticipate continued upward movement.
Investors should keep a close eye on market developments and consider leveraging this momentum for potential gains. The combination of demand zone retests and supportive trader sentiment presents a promising outlook for those looking to capitalize on silver's price movement in the coming weeks.
✅ Please share your thoughts about SILVER in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
ek baar fir 1 lakhMCX:SILVER1! the target for this current move in short term has to be atleast 100000 mark which was the recent high buying and holding silver etf
E-mini Silver Futures
Short-Term Trend: Bullish breakout as the price moves above the middle Bollinger Band and closes near the upper band.
Medium-Term Trend: Neutral to slightly bullish. The price is recovering from a prior downtrend.
Support: Around $31.00 (near the middle Bollinger Band and a recent consolidation zone).
Resistance: Around $33.50 to $35.00 (historical high and proximity to the upper Bollinger Band).
A breakout above the upper band might indicate continued bullish momentum, but caution is warranted for possible overbought conditions.
The spike in volume accompanying the upward move indicates strong buying interest.
Bullish Case: Sustained movement above $33.50 could lead to further gains, potentially targeting the $35.00 range.
Bearish Case: A reversal to the middle Bollinger Band near $31.00 might signal a pullback or consolidation.
Dxy gold silver12.9.24 in this video I reviewed my reason for thinking that is probably going to go lower. I moved on to the dollar which is having a good day today. Then I went on to the silver which is having a great day today.
silversilver made flag pattern on hourly charts after good consolidation from opening.
Risk:Reward = 1:4
Could b bought above 93365 with mentioned stoploss & target.
SILVER NEW HIGH COMING SOONSILVER after making new high made bearish H&S pattern on daily charts but couldn't fall further & arrested @ 86800 & pulled back.
Silver tested 86800 twice & made double bottom.
It confirmed double bottom pattern & negates bearish H&S pattern by breaking 914450.
Small hiccup @ 92525 before making new high.
Stop losses as per trader (89850 & 86800)
Target 100000++
GOLD Weekly Outlook Nov. 24, 2024Gold has aggressively bought up into now a premium level to finally begin to send price lower. Staying with my initial bias, that we have indeed capped the high of the year for Gold given the fact that it has bought aggressively the entire year and must now form the closing wick for 2024 trading year.
For the upcoming week I'm anticipating rejections out of the imbalances currently above price and the daily order block currently above price. I would love to see Monday range and either Tuesday or Wednesday manipulate that range. Looking at the Economic Calendar I see that the first significant High Impact news event occurs on Wednesday (Unemployment Claims 8:30am, and FOMC Minutes 2:00pm). so I would like to see that day either manipulate or be a continuation day from a Tuesday manipulation. If you have any questions regarding this analysis or outlook, feel free to send me a message here or on my other socials. Thanks.
Update: GOLD, SILVER, NVDA, SPDR Sectors, SPY, QQQ & MoreThe markets are really struggling this morning.
The strong selling after the open is likely an indication traders are not buying into the hype right now.
NVDA earnings hit and drove the markets a bit higher into the open. I see this selling pressure as a BIG SHIFT into my Anomaly Event.
Gold & Silver are reacting to the downside.
SPTD sectors, particularly XLE (Energy) is still showing strong upward trends - while many of the others have already started to move downward.
I'm watching XLF and XLRE for a breakdown event.
The SPY & QQQ are showing broad weakness right now.
Prepare for my Price Anomaly Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Weekly Forecast Nov. 18th: Silver / Platinum / Copper /Crude OilThe precious metals have been bearish over the last couple of weeks. Will the market shift to a
bullish one this week?
Crude Oil has been bearish-neutral. Institutional players are busy adding to their sell positions. What will the market do this week?
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Long trade
Tue 19th Nov 24
9.45 am (NY time)
LND to NY Session AM
Buyside trade
Pair SIZ2024
Entry 31.145
Profit level 31.445
Stop level 31.060
RR 3.53
Reason for entry: Price reached a pivotal demand level of 31.106 indicative of a buyside trade.
Silver downside continuation?Will we see downside continuation in Silver?
Platinum broke it's trend with force this session, foreshadowing Silver's drop.
If support is found and maintained in the current marked areas, we may see consolidation and stability in price.
However, if the obvious trend continues, Silver may want to tag the prices marked below.
Gold was choppier than it's metal cousins, but has also seen a steep decline in London trading hours.
This is NOT trade advice, simply my observations.
Have a nice weekend
GOLD Outlook for the week of Sun. Nov. 17, 2024I'm firm on my bias that we have capped the high of the year as it pertains to Gold and Silver. With the past week having accomplished the -2SD Draw on price, things are moving according to plan. My overall objective remains the same, as I believe price is headed to 50% yearly retracement and or -4SD selloff. Sells still look very good up until that point. Let me know your thoughts as well. Bless.
Attempting to Time The Next Gold Rally (FPT & EPP Analysis)This video attempts to show you how to use Fibonacci Price Theory (FPT) and the Excess Phase Peak (EPP) patterns to attempt to time/estimate the next big Rally in Gold/Silver.
This is more of an educational video as timing market moves accurately is nearly impossible (IMO).
Some techniques (such as predictive modeling or other types of price pattern analysis) can help us estimate when the markets may make a big move, but they are still only about 55% to 75% accurate in most cases.
I've found the best solution is to more clearly identify price support/resistance using FPT and the EPP pattern to attempt to determine what stage of the EPP pattern price is currently in and how that relates to FPT short-, intermediate-, and long-term price structures.
In my mind, using price as the core element of my analysis eliminates the potential of getting confused by technical indicators and other data.
Price is the ultimate tool when attempting to trade or analyze the charts.
This video is designed to help you understand how to use the two techniques/theories (FPT & EPP) I teach to better understand price setups/trends/opportunities.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Silver1! Weekly Chart analysis-NFASilver1! Weekly Chart analysis-NFA
-Price came back inside weekly range after sweeping Buyside.
-Expecting price to bounce from next Weekly BISI (Support Level)
- i want the price(candle body) to stay above midpoint of green rectangle(BISI/Support)
-Weekly market structure also forming an inverted head and shoulder
-Any bearish weekly candle close below green support rectangle will invalidate the long setup and next target will be Sellside.
SILVER TECHNICALS MCXThis chart is a technical analysis of Silver Futures (MCX) on a daily timeframe. Here are some key technical insights:
1. Price Channels: The chart has two primary trend channels, one in blue (upward sloping) and another in red. These channels suggest that the price is moving within a rising trend, with the blue channel indicating a broader trend and the red lines showing a shorter-term trend within that range.
2. Fibonacci Levels: There are multiple Fibonacci retracement levels shown, which act as potential support and resistance levels. Key levels visible on the chart include:
• 23.6% (₹95,002), 38.2% (₹93,183), 50% (₹91,855), 61.8% (₹90,206), and 78.6% (₹88,693).
• These levels are commonly used by traders to identify potential reversal zones. The price has been moving close to these levels, which might serve as points of interest for bullish or bearish reactions.
3. Support and Resistance Levels: The levels ₹86,431 and ₹115,040 are highlighted in larger fonts, indicating strong support and resistance zones.
• ₹86,431 appears to be a key support level, aligning with a lower boundary near the blue channel and some Fibonacci levels.
• ₹115,040 is a significant resistance level, marking the upper limit of the price forecast in this analysis.
4. Price Action: The recent price movement shows a downward correction within the broader upward trend. Currently, the price is testing lower support areas within the channel and Fibonacci retracement levels, which may indicate a possible support zone if buyers re-enter.
5. Volume and Indicators:
• The volume bars at the bottom show trading activity, with recent volume spikes that may indicate significant buying or selling pressure.
• There is an oscillator (possibly MACD or RSI) below the volume bars, showing red and green areas, which suggests fluctuating momentum. Green areas indicate bullish momentum, while red shows bearish pressure.
6. Projection Lines: Vertical lines on Dec 26, 2024, and April 11, 2025, might mark anticipated future price areas or significant time zones where traders expect changes in trend direction.
Summary
The chart suggests that silver is currently in a corrective phase within a broader upward trend. Traders would watch for support around ₹86,431 and potential upside toward ₹115,040, with Fibonacci levels serving as key interim points for support and resistance. This setup would appeal to both breakout and pullback traders, depending on where the price moves relative to these levels.
sell silver today.sell 91200
target 88550
education purpose only.
it is fundamental and technical research.
