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SILVERCFD trade ideas

Silver gets interestingAfter an uninspiring start, gold rallied yesterday afternoon and went on to hit a fresh record high above $2,680. It gave back a chunk of these gains in early trade this morning, but nothing too concerning for the bulls. This continues to be a good month for gold. It has now tacked on around $200, or 8%, from its low at the beginning of September. But it is noticeable that there hasn’t been a significant pullback so far, only the briefest, and shallowest, of consolidations just under a fortnight ago. This should keep traders on their toes, as it’s usual to see a correction of some sort or other after big market moves. The daily MACD is in ‘overbought’ territory, although that in itself isn’t an indication that there’s going to be a dramatic sell-off. But it’s likely that prices will correct at some stage. It’s then the nature of that correction which can provide clues as to what the market is likely to do next. Silver experienced another sharp spike higher yesterday which saw it climb to its highest level since December 2012. But it was unable to build on these gains and fell back as quickly as it rallied. Overall silver had a high-low range of close to a dollar, or 3%. This pick-up in volatility is a sign that, at last, silver is getting interesting.
TRADENATION:XAGUSD
by TradeNation
Trade Analysis: Silver Using Order Flow Imbalance, ATR Signal, aTrade Analysis: Silver Using Order Flow Imbalance, ATR Signal, and Liquidity Levels Indicator created by me. Step 1: Trend Reversal on the Daily Chart My first signal came from observing the daily chart, where the downtrend in silver had been broken. This break in trend was significant, as it suggested that the sellers were losing momentum, potentially paving the way for buyers to step in. At this stage, my target was derived from the Liquidity Zone highlighted by the indicator. Step 2: Slowing Momentum and Indecision As i continued monitoring the market, i noticed momentum starting to slow down, indicated by two consecutive indecision candles. This hesitation hinted at a possible change in market sentiment. Meanwhile, the indicator detected an order flow imbalance, suggesting that unfilled orders could drive price movement. This imbalance aligned with a potential retest of the broken trend line, making it a high-probability trade setup. Step 3: Setting Up the Trade With both the trend line retest and the imbalance in mind, i set up my long trade. The entry point was placed at the trend line retest, expecting the market to fill the imbalance and move towards the liquidity zone. I placed my stop loss just below the imbalance to manage risk, ensuring that if the price moved against me, the loss would be contained. Entry: At the trend line retest Target: Liquidity zone marked by the indicator Stop Loss: Just below the imbalance zone By using a combination of trend analysis, liquidity zones, and order flow imbalances, this setup offered a well-rounded and calculated trade strategy. This trade on silver demonstrates how the Order Flow Imbalance, ATR Signal, and Liquidity Levels Indicator can help identify high-probability setups by combining trend analysis with liquidity and imbalance data. By observing key market dynamics, i were able to enter the trade confidently and manage risk effectively. Feel free to try the indicator for yourselves and see how it can improve your trading strategies!
TVC:SILVERLong
by samstoobad
SILVERCAPITALCOM:SILVER 1. Rising Channel Breakout: • Pattern Identification: Silver has recently broken out of a rising channel, a bullish continuation pattern. A breakout from this pattern usually indicates strong upward momentum. • New High Formation: Silver has formed a new high at 32.27 after the breakout, confirming the strength of the initial move. now Silver breaks and sustains above 32.27, it will likely confirm the continuation of the uptrend. • Upside Target: Silver could aim for the next resistance level, depending on Fibonacci extensions or historical price levels (targets could be 35.90 or higher)
TVC:SILVERLong
by prajapat669
Rate cut effect on future silver price.Simply know as the widow maker of the precious metals group. You can tell just by looking from it's historical movements. This picture says it will surpass the movement in gold since it is a metal used for: - 1) Renewable Energy - Supply is in deficit 2) Defense - specifically in missile systems 3) Poor mans version of Gold - India is a great example Now, once gold becomes unobtainable to the common person combined with next gen battery tech and the continuous battles being fought around the world. Where will this go? The ratio I've have targeted of 0.50 is super conservative! When it runs - it runs it sprints!
OANDA:XAGUSDLong
by NiMiTz76
Fundamental & Technical Analysis on XAGUSD (Silver)Fundamental : Historically for Silver when Open Interest (OI) is going down it is a bearish signal and vice versa unlike other symbols. In this case Open Interest is decreasing which is Bearish, Commercial (Hedgers) Long positions are slowly going up while their Short positions seem to be slowly decreasing which is another Bearish confluence. For Non-Commercial the Longs have been lowering the past 5 weeks but unfortunately so have the Short positions which isnt exactly what i would like to see but I do believe they'll start increasing. Net Positions for Commercial has reached an extreme on the line chart at about -400K which is a Bearish signal and Non-Commercial has reached an extreme at around 300K, both of these extremes are aligned with the extremes seen on February 2020. COT Report : cot-reports.com Line Graph : cot-reports.com Technical : The 5 EMA has crossed down the 20 EMA while Momentum is negative and the K% line on the Stochastic is underneath the 50% line. Targets & Stop Loss : My stop loss is at Fib LVL 0.236 which is $29.470 on the chart. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is Fib LVL 1.414, and Take Profit #3 is at Fib LVL at 1.618. The rest of the Take Profits are at Fib LVLs 2, 2.272, and 2.618. At every Take Profit i will take half of my position off and leave the rest running, after Take Profit #1 is hit I move my Stop Loss down to break even.
BLACKBULL:XAGUSDShort
by Iateyourcroissant
Silver retests recent highsGold is trading sideways this morning. This follows a strong session yesterday which saw it close at a fresh all-time high. Just under a fortnight ago, gold managed to burst out of a month-long trading range between $2,470 and $2,530. Since then it has continued to push higher, adding around 6%. The daily MACD has also picked up sharply, although it is not particularly overbought. So far, there hasn’t been any significant pullback, or period of consolidation during this latest leg of the rally, and that could be something that is weighing on traders’ minds. Meanwhile, it is silver which has really taken off to the upside. Yesterday it jumped close to 5% taking it above $32 per ounce for the first time since the end of May. This proved to be the high for the summer, as silver subsequently fell around $6, or 18% over the next two months. At the beginning of last month, silver hit a multi-month low, just under $26.50. Since then it has rallied over 20%. But this is now a key area for silver. If it is unable to break and hold above $32 over the next few trading sessions, and if the area around $31 fails to hold as support, then we may see a more protracted downside correction. But if silver can take out its highs from back in May, then further gains seem likely.
CAPITALCOM:SILVER
by TradeNation
Silver (XAG/USD) Approaching Key Resistance:Reversal or Breakou?This analysis focuses on the Silver (XAG/USD) market, where a harmonic pattern is forming alongside Fibonacci retracement levels. The focus is on short to medium-term opportunities, considering technical patterns and key support levels. Key Patterns and Levels: Bullish Trend: Since the end of August, Silver has shown an upward trend, with prices reaching above 32 USD. The pattern of higher highs and higher lows suggests a continuation of the bullish trend in the short term. Fibonacci Levels: Fibonacci retracement is based on the previous upward move, with the 0.5 and 0.618 levels being significant potential support zones for a reversal. Resistance Zone: Silver recently touched the 32 USD zone, which has acted as a strong resistance in the past and has not yet been successfully broken. This resistance could indicate a potential correction before another attempt to break higher. Technical Indicators: The TDIGM indicator below the chart shows an upward trend, with prices above the 60 level, indicating strong buying pressure. However, as Silver nears a key resistance zone, it’s important to watch for signs of divergence in the indicator, which could signal a potential reversal or correction. Investment Strategies: 1.Short-Term Selling Strategy: Sell Entry: Since Silver is near a significant resistance level, a selling strategy could be viable between 31.80 and 31.60 USD, aiming for a correction after the recent bullish move. Stop Loss: Place your stop loss above 32.50 USD in case of a breakout above the resistance. Take Profit: Targets can be set around the Fibonacci levels of 29.97 USD (0.5 Fibonacci) and 29.43 USD (0.618 Fibonacci), where potential support may be found. 2.Medium-Term Buying Strategy: Buy Entry: If a correction occurs, the 29.43 USD zone (0.618 Fibonacci) could provide an excellent buying opportunity, anticipating a continuation of the upward trend. c) Breakout Buying Strategy: Buy Entry on Breakout: If the price breaks above 32.50 USD with strong momentum, it could signal further bullish continuation. Entry: Enter after a confirmed breakout or wait for a retest of the broken resistance. As always, monitor the price action closely, especially on lower timeframes for additional confirmation. The Silver market is at a critical juncture, testing a key resistance zone. Recommended strategies focus on selling at resistance and buying on retracements or breakouts. While Silver continues to show strength, a technical correction could offer a favorable buying opportunity at lower levels, with the potential to profit from the continuation of the overall bullish trend.
CAPITALCOM:SILVERShort
by MrVNpt