SLV H&S setupA head & shoulders pattern has formed in $AMEX:SLV. Price target if this fully plays out is around $25.50. I'm still bullish on silver long term and don't think this puts the bullish LT setup at risk at this point.
SILVER trade ideas
Bearish head and shoulder signHead and shoulder bearish pattern i think we going to $24 pattern are valid until proven otherwise
SILVER - Bearish Head and SouldersHello Traders !
The Silver price formed a head and shoulders pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
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TARGET: 28.10000🎯
Could silver outperform next year?Gold has had a tremendous year, having added 35% from early January to its new all-time high in October. Perhaps it’s more accurate to say that it had an incredible eight months, rallying from below $2,000 in mid-February to $2,790 at the end of October, for a gain of 40%. But it has struggled since then. Fundamentally, there’s evidence that certain newer, and perhaps more enlightened, central banks (led by the People’s Bank of China) remain strong buyers. But the dollar’s rally since late September hasn’t flattered the gold price, although it now appears to be consolidating quite happily just above $2,600. The Fed’s hawkish rate cut before the holidays has also failed to boost gold’s short-term appeal. It’s possible that gold may get a second bite of the cherry in 2025, particularly if investors sour on equities, and look around for alternatives. But it could be that next year will prove to be silver’s turn in the spotlight. Silver began the year below $24 per ounce. But it came within a few cents of $35 at the end of October for an overall gain of 46%. This was still significantly below its all-time high just shy of $50 from 2011. And since October, silver has lost around 15%. A look at the chart suggests that there could be a head and shoulders developing, which would be completed once silver gets back to $28 or thereabouts. That would also see the daily MACD reset at oversold levels. Busted flush, or opportunity?
Silver Beairsh - 30 Dec 24 to 03 Jan 25Silver looks bearish, my predictions/analysis for the next week. Good Luck
Silver H4 | Rising into overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 29.78 which is an overlap resistance.
Stop loss is at 30.30 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 28.80 which is a swing-low support.
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XAGUSD SHORT SETUPBasing of the Daily Head and Shoulder pattern I'm predicting a break and retest trade with a bearish flag formation on the lower time frame. Very simple trade setup lets see if it will work out.
Silver Is Approaching The Daily TrendHey Traders, in tomorrow's trading session we are monitoring XAGUSD for a buying opportunity around 28.700 zone, Silver is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 28.700 support and resistance area.
Trade safe, Joe.
Bearish drop off 38.2% Fibonacci resistance?The Silver (XAG/USD) is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 29.97
1st Support: 28.00
1st Resistance: 30.95
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SILVER HEAND-n-SHOULDERS FORMATION LIKELY TO DRIVE PRICE DOWN!With the completion of Head-n-Shoulders formation, silver price may further drop lower in coming days.
N.B!
- XAGUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#silver
#xagusd
Silver2 possible scenario’s i see playing out for silver .
A financial crisis in Q2-Q3 would solidify my statement .
Any study from the 2008 crash & silver , wil point you in this exact direction .
Also basel ||| & more ..
150-170$ silver is unavoidable
Silver Sell-Off Alert: 10% Drop Dead Ahead● After hitting a high of $34.87, the price entered a notable consolidation phase, eventually created a Head & Shoulders pattern.
● Following the breakdown from this pattern, the price also fell beneath its trendline support, paving the way for a more significant decline.
● Immediate support is anticipated at the $27.8 level.
● If the price drops below this threshold, it could plummet to $26.5, representing a 10% decrease from the current position.
Silver price forecast for next 4 monthsHi,
I think, silver price movement will be like this for the next 4 months.
Probably a good buying opportunity at $27, with a stop loss of $26. Take profit is $35 (30%)
silverSilver has formed a nice wedge formation on its 4-hour chart. If the wedge breaks, the first target will be the 35 USD region.
Silver Roadmap Dec 2024Silver has been correcting since the expected high in Oct 2024. Should finish and reverse up soon
SILVER BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
The BB lower band is nearby so SILVER is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 31.649.
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Silver Price Poised for Breakout: Key Levels and StrategiesCAPITALCOM:SILVER Silver Price Poised for Breakout: Key Levels and Strategies
Analysis:
Price Action Strategy:
Support and Resistance Levels:
The chart shows significant support around 29.4000 and resistance around 30.0000.
The price is currently testing the FVG (Fair Value Gap) level at 29.8016, indicating potential for a breakout.
Volume Profile:
High volume around the 29.6368 level suggests strong interest and potential reversal zones.
Trend Analysis:
The current trend is bullish, with higher highs and higher lows.
Potential for continuation if the price breaks above the FVG level with strong volume confirmation.
Smart Money Concepts (SMC):
Order Block (OB):
A bullish order block is identified around 29.6368, indicating potential buy zones.
The CHoCH (Change of Character) confirms a bullish trend continuation.
Liquidity Zones:
Liquidity observed around the 29.4000 level indicates potential support.
ICT (Inner Circle Trader) Strategy:
Fibonacci Retracement Levels:
Key levels to watch are 0.382 (29.83553), 0.5 (30.0025), and 0.618 (30.16947).
Optimal Trade Entry (OTE):
The OTE zone aligns with the FVG and OB levels, indicating strong potential for a long entry.
Indicators:
RSI: Currently around 60.41, indicating neutral to slightly bullish sentiment.
MACD: Shows a bullish crossover, suggesting potential upward momentum.
Buy Signal:
entry: 29.6368
tp1: 29.8016
tp2: 30.0000
sl: 29.4000
Sell Signal:
entry: 29.8016
tp1: 29.6368
tp2: 29.4000
sl: 30.0000
Follow @Alexgoldhunter for more strategic ideas and minds
SILVER Outlook after the Dip. What to expect NOW?As you can see, the price has repeatedly hit the trendline and then increased. This time, the same situation has occurred, so the trendline can be relied upon. Additionally, a hidden bullish divergence is visible, indicating a potential price increase.
Give me some energy !!
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Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SILVER Will Go Lower! Sell!
Take a look at our analysis for SILVER.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 29.812.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 28.778 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SilverXAGUSD ( Silver / U.S Dollar )
Completed " 12345 " Impulsive Waves and " AB " corrective waves
Break of Structure
Demand Zone
Rising Wedge as an corrective pattern in Short Time Frame
Fibonacci Level - 38.20% / 50.00%
SILVER: Market Sentiment & Price Action
Looking at the chart of SILVER right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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