XAU/USD 26.11.2024OANDA:XAUUSD
Hello Traders, after November 25, the market moved down as calculated. I would now interpret this as a small ABC correction (orange count). I am currently looking for bullish momentum for the move from B to C.
SILVERCFD trade ideas
Silver AnalysisThe chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area.
This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology.
This analysis is brought to you by the FXonbit Traders Team
Bearish drop off 50% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 30.75
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 31.55
Why we like it:
There is an overlap resistance level.
Take profit: 29.667
Why we like it:
There is a pullback support level.
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SILVER (XAGUSD): Downtrend Emerges from ResistanceThe price of SILVER (XAGUSD) is showing bearish momentum after testing key resistance levels marked by both horizontal and vertical trend lines.
Initially, the pair consolidated within a range but experienced a sharp decline upon testing a descending trend line.
This movement breached the range's support with a decisive bearish candle, suggesting further downside potential. The price is likely to continue falling, with a target set at 30.00.
SILVER (XAGUSD): Bearish Move From Resistance The price of SILVER appears to be bearish following a test of significant resistance levels, based on a horizontal and vertical trend line.
Initially, the pair traded within a range before dropping sharply after testing a downward trend line.
This move broke through the support of the trading range with a strong bearish candle. It is likely that the price will continue to decrease, with a target of 30.00.
Silver Might See A RecoverySilver lost more than 4% in value on today's trading day. Recently, there have been signs of stabilization, supported by clear bullish divergences. We currently assume that the silver price could temporarily recover to the area of the POC of today's downward movement.
XAGUSD VIew!!Silver prices remained around $30.30 per ounce on Tuesday, following a more than 3% decline in the previous session, as demand for safe-haven assets like precious metals faded.
The pullback came amid reports that Israel and Hezbollah were nearing a ceasefire agreement, which helped ease tensions in the Middle East. Market sentiment was further bolstered by the nomination of Scott Bessent as US Treasury Secretary, which brought a sense of stability to investors.
XAGUSD H&S PatternIf this head n shoulder pattern triggers this means we will see Gold at around 2340 and Silver at 28 to be exact
i don't have any scenario for a bullish case rt now until it has proven otherwise
Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves
impulse in progress, currently wave 3 completed and we are entering
wave 4 pullback / re-accumulation stage right now.
🔸Well defined 5 waves structure, with two re-accumulation zones
in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5
and bulls will target 40 USD. 40 USD will cap the upside in precious
metals and will result in ABC correction in 2026.
🔸Recommended strategy position traders: BULLS should focus on
buying low from the lows of the re-accumulation zone, so the best
entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged
upside in this trade. good luck traders!
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Silver daily viewH&S pattern is clear with uptrend weakness
Waiting for breaking the neckline and the trendline for short trade with good RR ratio up to the next support level
XAG/USD new and old target is over 34 firstlyThen second target is 39 and third target is 45.
Trend is still in sleep, but time is ready to wake up to follow the trend to 45.
Lackluster Slow-Silver Long . Volumes will pick up.
I think that gold and silver might've found a bottom in their correction.
But really the movement in this buy long in silver is non existent, a similar story with gold. But London and Europe will be opening in the few hours ahead as the Australian session comes to a close, hopefully theres a few silver and gold buyers that can pick up the momentum a bit in this trade.
You would not be alone in thinking that this long trade right now in precious metals could sell-off at anytime and move lower.
Precisely what happened in Bitcoin earlier as it sold. But how quickly all of the Crypto's turned green and it looked like no selling had even occurred. BTCUSD, DOGEUSD and many others looked like they were carrying some overbought weight on their daily's.
Below is the Silver daily chart. Another reason this is so slow in momentum currently is because price on the daily is below all of the key moving averages, 200ema, 50ema and even 21 ema the Silver price is just beneath.
SILVER BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bullish trend on SILVER, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 31.455.
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SILVER Will Go UP! Buy!
Hello,Traders!
SILVER is going down
Sharply but a strong
Horizontal support is
Ahead at 29.70$ and
As we are locally bullish
Biased we will be expecting
A local bullish rebound
Buy!
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Accumulate small lot silver >profitGold.Supported daily 200ema.
Silver is usually a bit more expensive to buy than gold, but this also compounds the profits. Look at this daily chart with white line 200ema. This is the chart that screams buy at these low levels in Silver.
Use a stop loss just under the low today 30.04.
XAG/USD 20.11.2024FXOPEN:XAGUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, stopploss would be above the last high take profit would be all the way down to wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C).
If you have any questions, feel free to ask! ;)
Minor Structure + Momentum: Part OneWhen analyzing momentum, the most important question to consider is: Where should I focus my analysis of momentum?
Many traders often find themselves confused by the concept of "momentum" as they try to derive meaning from every single candlestick movement.
The straightforward answer is: Analyze momentum when the price is at key levels or is getting close to them! In particular, for minor structures (trends), you should pay close attention to momentum near the 13 and 20 EMAs, as we do in ARZ Trading System.
Keynotes: a minor trend is still valid, if these two key points are continuously happening:
1. We always expect a loss of momentum for price when approaching the key levels, and gaining momentum when it's moving away from them, in the direction of the trend.
2. A very important sign of gaining momentum is crossing and closing the whole previous candle(s).
Let's analyze this chart:
- It is obvious that candles #1 to #3 are showing a loss of momentum, but they are far from key levels and it just might mean a retracement, which happened. But again it might not retrace at all!
- from #3 to #4, we see price is gaining momentum, which is not good! so both key levels could easily break, which happened. But again in #5 and #6, we see the price losing momentum in the opposite direction of the previous downtrend, and gaining it in the direction of the minor downtrend. so everything is good.
- Again #7 confirms the momentum in the direction of minor downtrend.
- In retracement up until #8, the price is gaining momentum upward, which is not good. But candles #9 through #10 again are in our favour.
- the correction to #11 is not looking good for a downtrend, and in the next candles, to #13 we are not convinced that sellers are stronger. So, we are cautious here. And the price finally gains momentum upward and we reach #14.
- From #15 to #16, momentum is the same for both buyers and sellers. It is a tight range and can do nothing until we see a clear sign of gaining momentum (or losing) in one direction. And the sign came in the shape of candle #17. If this tight range were to continue, it should have been a bullish strong candle.
Silver Yearly Log Scale ChartWith just about one month left in the trading year...
All interested eyes should be on this silver yearly chart.
#silver #historical
SILVER: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed up by the bulls so we will buy!
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SILVER (XAGUSD): Pullback From Support
I bought silver from a key daily/intraday horizontal support
after a breakout of a neckline of a cup & handle pattern on an hourly.
I expect a pullback to 30.938 level.
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Silver could drop back under 30Unlike Gold, Silver showed far less volatility last week and behaved in a more technical manner.
After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break.
Similar to my approach with Gold, my strategy for Silver is to sell into rallies. A potential first target for this drop is 29.70.
XAGUSD eyes bullish batsOn the 4-hour chart, XAGUSD is currently fluctuating and falling, with short-term bears in the ascendant. Currently, the support below can be seen around 30.87, and if the callback is in place, pay attention to the potential bullish bat pattern.
