XAGUSD / TRADING UNDER DOWNWARD PRESSURE - 4HXAGUSD / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 29.65 . Downward Condition : With the price holding steady at the current turning level at 29.65 , it is likely to decline towards the support level of 28.85. If it stabilizes below this level, it could then reach the next target level of 28.11 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 29.65 , leading to a rise toward the resistance level (1) at 30.48 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 31.28 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 30.48 . RESISTANCE LEVEL (2) : 31.28 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 28.85 . SUPPORT LEVEL (2) : 28.11 . TURNING LEVEL : 29.65 .Shortby ArinaKarayi7
SILVER (XAGUSD): Preparing For a Bearish WaveTake a look at the bearish imbalance that occurred on the 4-hour chart of SILVER. A single bearish candle broke through a key horizontal support level, forming a descending triangle pattern. The market is currently retesting this broken structure, and I anticipate a further decline soon. My targets for this potential fall are 28.84 and 28.46.Shortby linofx1116
Silver 1HR shortRecently we have bounced off of daily demand and broken the downward trend. Looking at the 1 HR, we can see that structure has been broken to the downside. This indicates that we might be pulling back on the 4 HR. Looking to target 28.78. Look for confirmation on the 5 min time frame once 1 HR has pulled back at least 50% since we are going against the trend.Shortby jonatrevino300777222
Elliott Wave Favors Bullish Bias in Silver (XAGUSD)Short Term Elliott Wave in Silver suggests that rally to 5.20.2024 high at 32.51 ended wave ((3)). Pullback in wave ((4)) ended at 26.4 as the 1 hour chart below shows. The metal has turned higher in wave ((5)), but it still needs to break above wave ((3)) at 32.51 to rule out a bigger double correction. Up from wave ((4)), wave (i) ended at 27.74 and wave (ii) dips ended at 27.2. Wave (iii) higher ended at 28, pullback in wave (iv) ended at 27.51. Final leg wave (v) ended at 28.04 which completed wave ((i)) in higher degree. Pullback in wave ((ii)) ended at 27.16 with internal subdivision as a zigzag structure. Down from wave ((i)), wave (a) ended at 27.43 and wave (b) ended at 28.03. Wave (c) lower ended at 27.16 which completed wave ((ii)). The metal then resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 28.43 and wave (ii) pullback ended at 27.74. The metal extended higher in wave (iii) towards 29.49 and dips in wave (iv) ended at 29.18. Final leg wave (v) ended at 29.96 which completed wave ((iii)) in higher degree. Pullback in wave ((iv)) unfolded as a double three Elliott Wave structure. Down from wave ((iii)), wave (w) ended at 29.19 and wave (x) ended at 29.73. Wave (y) lower ended at 28.77 which completed wave ((iv)). Near term, as far as pivot at 26.4 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast1
Buy XAGUSD LONG current Market to 29.20 Gold rallying in open of Asian session. Let's run a cautious LONG on silver at current price We can see the Gold price showing strength so far in rising wedges on lower timeframes Longby Easy_Explosive_TradingUpdated 330
Could Silver bounce from here?The price is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 28.53 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retraceement. Stop loss: 27.96 Why we like it: There is a pullback support that is slightly below he 50% Fibonacci retracement. Take profit: 29.79 Why we like it: There is a pullback resistance. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets4
XAGUSD OutlookPAIR: Bullish Outlook: XAGUSD has been breaking into new highs on our Weekly, Daily, and 4hr time frame. Price has made a nice valid pullback, we now need 1 of our valid engulfing patterns while staying above the 50ema. Keeping an eye on this!Longby angelvalentinx2
XAGUSDXAGUSD - New position - with capital management It is expected to have an upward movementLongby abbasireza4
XAGUSD Long ModelDirection : Bullish Trade Setup : Intraday Trade Type : Continuation Confluence : - Break of structure on the daily - Rejection on 4H - Order Block Level MitigatedLongby intlgrndmstr223
SILVER SHORTSILVER SHORT PLEASE DON’T BE GREEDY ENTRY POINT : yellow point TP : blue lines SL : below red line for LONG POSITION above red Line for SHORT POSITION INSTRUCTIONS: FOR risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20 PLEASE DON’T BE GREEDY DO YOU WANT TO HAVE ACCURATE SIGNALS EVERY DAY? do you want to learn? The best indicators The best analyzes The best entry point The best sales areas How to make profit How to corver up losses How to stay profitableShortby RODDYTRADING0
A Potential Setup For Silver - Another Elliot Wave ImpulseAfter completing a textbook Elliot Wave Impulse pattern, followed by an ABC correction, silver is shaping up to potentially complete another impulse higher. Today's correction (seemingly related to a dead cat bounce in the DXY) seems like a good entry point IMO.Longby smartsilverstacker0
SILVER XAGUSD Analysis: Thursday 22nd August. Yesterday the Silver price hummed along nicely in concert with the Gold price, which of course XAUUSD Gold broke the 2500 level downwards at the start of the New York session. It was a false-break down & took many of the Long-Stops before the Gold Price shot upwards. Concerning a bit for me yesterday was the number of Bearish Head 'n' Shoulders patterns on multiple timeframes. Now be aware of this very strong Bearish H & S's pattern for XAU USD on the 1HR timeframe. How will it play out? Well during the Oceania and Asian session the Gold price sold off again about 4 hours ago during Thursday early afternoon trading in Australia. I put out an alert to go long Gold around the 2500 support level & the Gold price has lifted nicely thanks to a bullish Cup and Handle pattern mostly on the 1m and 2m charts. So if Gold continues it's strength going into the London and New York sessions then Silver should also be supported and should avoid triggering this Head's n Shoulders sell pattern. Price is awfully close to the neckline and it's possible price could be selling off now at time of writing. In economic news on todays calendar Thursday 22nd August in the USA 1. 08:00 - USA Jackson Hole Symposium 2. 08:30am - Initial Jobless Claims for USA. 232k is the key number. * (A higher than expected reading could be taken as negative/bearish for the USD) So a number greater > than 232K could be supportive of the Gold and Silver price imo due to the inverse relationship between the USD and Gold. 3. 08:30 - Continuing Jobless Claims 1,870K (Forecast) 1,864K (Previous) So a higher number than 1870K will support Gold 4. 09:45 - Manufacturing PMI (Aug) 49.5 (Forecast) 49.6 (Previous) A number lower than 49.5 will be supportive of Gold, generally speaking. 5. 09:45 - S&P Global Composite PMI (Aug) 53.5 (Forecast) 54.3 (Previous) 6. 09:45 - Services PMI (Aug) 54.0 (Forecast) 55.0 (Previous) Both of these PMI are supportive of Gold if they are lower numbers than forecast. 7. 0:00 - Existing Home Sales (Jul) 3.94M (Forecast) 3.89M (Previous) A lesser number on existing home sales needed here for support on gold price. by Easy_Explosive_TradingUpdated 1
Silver BuyThe Subtle Shift: Strategic Benefits of Investing in Gold and Silver Amidst the high-profile geopolitical discord between China and Western powers, a more nuanced financial realignment is taking place. China has been methodically amassing vast quantities of gold and silver, signaling a potential realignment in global economic dominance. Silver: China’s Covert Economic Lever Beyond its gold acquisitions, China is also significantly bolstering its silver reserves. The Shanghai Metals Exchange has seen a pronounced increase in silver trading activity, with prices consistently outstripping those on Western exchanges. This trend suggests a deliberate effort by China to manipulate silver prices and extract resources from Western markets. As of 2023, China holds an impressive 71,000 metric tons of silver, placing it just behind Peru, which boasts 98,000 metric tons. In contrast, the U.S. holds 23,000 metric tons, ranking below other major reserve holders such as Poland, Russia, Australia, and Chile. Why Embrace Gold and Silver Now? In light of these strategic maneuvers, investing in gold and silver offers a compelling opportunity. As global economic power dynamics shift, these precious metals could provide a crucial hedge against financial instability and market volatility. Positioning yourself in gold and silver now may not only safeguard your assets but also align with emerging economic trends.Longby thabang010
Analysis of the XAGUSD by the Mallicast team.Silver, however, has higher price levels ahead, and we can expect its upward movement to continue until reaching the price of 31.773. Longby kiyandokhtkarimi2
Analysis of the XAGUSD by the Mallicast team.Silver, however, has higher price levels ahead, and we can expect its upward movement to continue until reaching the price of 31.773. by mallicast3
SilverPair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A - wxyx " Corrective Waves Break of Structure CHoCH Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergenceby ForexDetective3
SILVER (XAGUSD): More Growth is Coming?! I see a confirmed structure breakout on Silver. The price broke and closed above a key daily resistance. We see its retest at the moment. Presumably, the broken structure turned into support now. The market may continue growth at least to 30.3 resistance. ❤️Please, support my work with like, thank you!❤️Longby VasilyTrader116
XAGUSD bullish analysisBullish analysis for XAGUSD has price in wave 5 of (3), with price target of 47.441 for wave (3).by discobiscuit4
Why silver needs to break 29.80 today Wednesday 21st August The Gold price has recovered well today. See my analysis on Gold on my other thread. I need to see Silver continue to rally above 29.80 and take out the right shoulders on bearish H & S's patterns on the 5m, 15m, 30m and 60 minutes charts. I do see bullishness for Silver as the Gold price recently showed strength thanks to a bullish H & S's on the 1m, 2m and 3m. Cheers, Chris * Please don't rely solely on my investment advice. Learn as much as you can.by Easy_Explosive_TradingUpdated 0
Silver is in the bullish trend after testing supportHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts Longby ForexMasters20006
SILVER Is Very Bullish! Long! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 29.576. Taking into consideration the structure & trend analysis, I believe that the market will reach 31.792 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113