XAGUSDWe can attempt to buy XAGUSD from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
SILVER trade ideas
XAGUSD SELLXAGUSD Break Through from 30.500 And moving to Downside.
if the price break through 30.00 zone it could breaks through from there and moving Fast to Down Side Support 29.500
SILVERsilver , i will wait on the retest of the broken descending trendline for buy opportunity where i will look for more confluence and confirmation for a buy.
SILVER: Market of Buyers
Balance of buyers and sellers on the SILVER pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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SILVER IS BULLISH TO $34!Silver Long / buy idea
On high timeframes monthly & weekly silver is bullish and currently at a higher low which also aligns very nicely with a strong support level which is being rejected.
On the daily timeframe the SMA's have crossed and the market does look to have pulled back and is currently rejected that price level which is good confluence that the trend is changing on the lower time frames to a bullish trend, which again is confluence of a bullish market due to the overall trend being bullish as shown on higher time frames
On the daily & 4hr the fib also aligns very nicely with other technical factors, the market has touched the 61.8% retracement level and looks to be rejecting that area.
The fib gives a target price of $34 which is slightly under the ATH. I would st stop at around $29 to give some protection from the support level, if price does pull back down then the support is there to act as a barrier to rebound the market and stop us from bing stopped out.
1:4 RR on this trade with a potential 12% ROI.
A silver low here would strongly imply big bull breakoutBuilding more on the idea of a USD crash explained in previous ideas, here's the silver setup.
Silver has a pending butterfly reversal patten on it. Currently we have a 1.61 high and a pullback to 1.27.
From the perspective of USD bulls, the 1.61 high is encouraging but the 1.27 has to break - otherwise, failure of the butterfly is very likely. Failure of the butterfly most often leads to parabolic moves to the 2.20 and 2.61 fibs.
Here is this same setup flagging the rally after the election.
Bear trades did well from the 1.61 but you had to be locking in profits at the 1.27.
Same thing in BTC. Last short level In posted was the 1.61. Great trade with every single day being down after the entry, but you had to lock in profits at the 1.27.
If this trade is coming is silver, the implied move is around 25% directly up.
XAG/USD 12.12.2024FXOPEN:XAGUSD
Hello Traders,
After this bearish calculated move to the downside, we have now identified our wave 4 bottom. We expect higher prices in the coming days or weeks, likely forming either a 12345 setup or an ABC pattern from wave (4) to (5). Time will tell us what unfolds.
Silver Price Forecast: Potential DeclineHello,
OANDA:XAGUSD is likely to experience further downside, as the 1M pivot point has acted as resistance, confirming a bearish outlook. The price could potentially decline toward the 28.702 level.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
SILVER ....Trade levels without log CyQo-Cpyder-NestSilver trade on the weekly...Choose your levels with much wisdom and thought. Do your own research and notice Things...The arrows have not changed between both pictures to show multiple support levels.
SILVER....With Log levelsSilver trade on the weekly...Choose your levels with much wisdom and thought. Blue Channel is a dated trend line to 1970s...So you know its good.
XAG/USD Alert: Golden Opportunity Ahead! 🌟 XAG/USD Alert: Golden Opportunity Ahead! 🌟
📈 Looking for a LONG setup? XAU/USD is showing promising signs at the buying zone, offering a stellar Risk-to-Reward ratio of 1:5. This setup is ideal for patient traders ready to capitalize on the next big move. 💰
✨ Why consider this trade?
🔹 Strong buying zone: Bulls seem to be reclaiming control.
🔹 Exceptional R:R Ratio: Manage risk, maximize reward.
🔹 Golden trend: Aligns with broader bullish sentiment in the market.
💡 Remember, trading is about waiting for the right opportunity. Is this your golden moment?
📊 What’s your move—are you going LONG? Comment below with your thoughts!
XAGUSD.. at support? or breakout??#SILVER.. market is at Edge,
that region was our major region in history from 30.75 to 30.95
and now again market at his major region neck line and if market break that area then you can see a further drop towards our supporting areas.
stay sharp..
good luck
trade wisely
Double bottom patternThe price has made a double bottom pattern on the 4-hour chart, followed by a breakout then a pullback. We are currently looking at the pullback as a trendline and no we have a smaller pattern that has a pullback giving us an entry to go long
WE ONLY TRADE PULLBACKS
The pinbar studiThe pinbar signal candle is not stable,
after 3 candles there is a sell signal candle
right at the old Resistance level.
Falling towards 61.8% Fibonacci support?XAG/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 30.68
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 29.82
Why we like it:
There is a pullback support level.
Take profit: 32.02
Why we like it:
There is a pullback resistance level.
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CFDs on Silver: Fibonacci Buy & Sell StrategiesFXOPEN:XAGUSD AlexGoldHunter Technical Analysis
Price Action and Key Levels
Current Price: $31.8800
Swing High: $32.2000
Swing Low: $31.8800
Strong High: $32.4000
Strong Low: $31.6000
p1D Low: $31.4500
Fibonacci Levels
0.786: $32.4000
0.705: $32.2000
0.618: $31.8800
0.5: $31.7600
0.382: $31.6000
Volume Profile
The volume profile indicates high trading activity around the $31.8800 level, suggesting strong interest and potential support/resistance.
RSI (Relative Strength Index)
Current RSI: 51.08 and 44.95, indicating neutral momentum.
MACD (Moving Average Convergence Divergence)
MACD Line: 0.0059
Signal Line: -0.0014
Histogram: -0.0073 (negative, indicating bearish momentum)
Buy Strategy
Confirmation 1: Look for a price bounce off the Strong Low ($31.6000) or Swing Low ($31.8800) with increased volume.
Confirmation 2: RSI should be below 30 (oversold condition) and start to rise.
Confirmation 3: MACD line should cross above the Signal line, indicating bullish momentum.
Entry Point: Enter a buy position when the price confirms a bounce off the support level with the above confirmations.
Stop Loss: Place a stop loss below the Strong Low ($31.6000).
Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.28 (difference between $31.8800 and $31.6000), the take profit should be $0.84 above the entry point, around $32.7200.
Sell Strategy
Confirmation 1: Look for a price rejection at the Strong High ($32.4000) or Swing High ($32.2000) with increased volume.
Confirmation 2: RSI should be above 70 (overbought condition) and start to decline.
Confirmation 3: MACD line should cross below the Signal line, indicating bearish momentum.
Entry Point: Enter a sell position when the price confirms a rejection at the resistance level with the above confirmations.
Stop Loss: Place a stop loss above the Strong High ($32.4000).
Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.20 (difference between $32.2000 and $32.4000), the take profit should be $0.60 below the entry point, around $31.6000.
This analysis provides a structured approach to trading based on technical indicators and support/resistance levels, aiming for a 1:3 risk-reward ratio. Let me know if you need any further assistance or have any questions!
Follow @Alexgoldhunter for more strategic ideas and minds
Silver May Face More Weakness After A Corrective RallySilver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1.
But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
SILVER STILL UP TRENDINGThis precious metal is currently retracing to un-tested levels before we take a move up... Take care in H4 and H1. Thank you.
Silver chart made simple.Silver chart made simple.
Those rising lines need to hold for uptrend to continue towards the $48 target.
#capitalrotation #silver #gold #spx
Silver is pressing for an up breakIn my Monday analysis, I noted that Silver was gathering momentum just below the 31.40 resistance level, with a high probability of breaking upward. Such a breakout could pave the way for a significant rise of approximately 2000 pips.
As anticipated, the price broke above 31.40, climbing nearly 1000 pips before beginning a period of correction and consolidation.
My bullish outlook remains firmly intact, and I continue to expect a move toward the 33.50 level.
The strategy of "buying on dips" should remain the focus for traders. Additionally, a decisive break above 32.50 would confirm the next leg of the rally, potentially unlocking another 1000-pip rise toward the target.
SilverXAGUSD ( Silver / U.S Dollar )
Completed " 1234 " Impulsive Waves
Break of Structure and Retracement
Double Bottom
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
XAGUSD_Buysilver analysis We are buyers, maintaining the number of 32,000 towards the target of 32,500 Short term analysis
I drew this gold line in august 2020Just thought i'd finally publish my silver chart since i've been watching silver crab along my line and it's getting close to takeoff.
