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Silver / U.S. Dollar

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XAGUSD trade ideas

XAGUSD SILVER LONG BUYStructure: This chart shows a possible bullish setup where the price has retraced to a Fibonacci level (0.5 to 0.618 range) and seems to be forming a base for a potential upward move. The price action suggests that after a recent pullback, the market might be ready for a new upward impulse. Trade Setup: The trade setup indicates a long position, anticipating a move towards the target price around 30.49 USD (green area), which aligns with the upper resistance levels. The stop loss is positioned at 26.44 USD (red area), safeguarding against a deeper correction if the bullish scenario does not unfold as expected.
OANDA:XAGUSDLong
by Ninjia_Kitty
SILVER Is Very Bearish! Short! Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 31.349. Considering the today's price action, probabilities will be high to see a movement to 28.906. 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:SILVERShort
by SignalProvider
1
Sell opportunityThe pair presents an enticing Sell opportunity at the price of 31.332, with favorable potential for profit. Targets: Primary Target:30.176 Secondary Target:28.906 Breakout Scenario: In the event of a breach above the Resistance level of 32.275, indicative of a bullish breakout, the target price is anticipated to ascend towards 33.000. Technical analysis indicates a notable Selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed Sell strategy, suggesting upward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
TVC:SILVERShort
by GODOCM
XAG/USD Analysis: Silver Price Fails to Hold at 11-Year HighXAG/USD Analysis: Silver Price Fails to Hold at 11-Year High As shown on the XAG/USD chart, during the trading session on 26th September, the price of silver surpassed the previous 2024 high (set in July), reaching levels last seen in December 2012. Key drivers of silver’s price include news related to the Federal Reserve’s policy: → Last month, when the Federal Reserve cut interest rates, it led to a rise in both gold and silver prices. → However, precious metal prices dipped slightly yesterday after Fed Chair Jerome Powell adjusted expectations regarding further rate cuts this year, stating that the Fed would not rush into making more reductions. Technical analysis of the XAG/USD chart reveals: → Since August, the price of silver has formed an ascending channel (shown in blue). In September, bullish sentiment strengthened, establishing points for a steeper upward channel (marked by purple lines). → The price surge at the end of September caused the RSI indicator to form a bearish divergence, making silver vulnerable to a correction after hitting a historic high – which is what followed. What comes next? It largely depends on upcoming fundamental news. Currently, silver’s price appears to be in consolidation, confined by the triangle formed by the boundaries of the two channels (shown by black lines). A breakout from this triangle could potentially lead to a significant trend forming. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAGUSD
by FXOpen
2
Top 5 Weekly Trade Ideas #4 - Silver Bull Flag RetestThis bull flag was recently on my top 5 list, we got a nice breakout and hit the first target, but it has been pulling back since. It almost tapped the bull flag today, but not quite. It may come down and tap or bounce from here if it's going to hold. I like the idea of longing in this area in anticipation of a bounce on a retest. Pretty right risk, stop below the top end of the flag. First target would be the recent high and potentially up to $35+ from there if it's able to get a lot of momentum.
CAPITALCOM:SILVERLong
by AdvancedPlays
Precious metals - pull-back in progressGlobal equity markets have put in a strong performance this September, in what can often be a problematic month for stocks. But it is shaping up to be an even better one for precious metals – assuming they can make it through today without too much damage. For the month up to Friday’s close, which saw a modest pullback in both precious metals, gold had tacked on 6% while silver added an impressive 10%. But it feels as if investors are exercising some caution now as both metals, and gold in particular, have made their gains without suffering any significant sell-off, so far. Silver has experienced some brief spells of consolidation, which would appear to put it in a healthier situation than gold. But it is having real trouble breaking through, and then holding above, resistance around $32.50. It has to achieve this to establish a bridgehead for further gains, as it remains around 40% below its all-time high just under $50 from back in April 2011. In contrast, gold has been carving out a succession of record highs this summer, the most recent being last Thursday at $2,785. Both metals were sharply lower in early trade this morning, suggesting that a correction may be in progress. We’ll find out this week how protracted and deep this proves to be.
TRADENATION:XAGUSD
by TradeNation
Silver Bearish Gartley Pattern: Short Setup at Key ResistanceThe Silver (XAG/USD) chart has completed a Bearish Gartley pattern, with point D recently hit around 31.15. This suggests a potential bearish reversal in the near term. Price is approaching a critical resistance zone, indicating a likely correction. With the TDIGM oscillator nearing overbought territory, the odds of a pullback are high. 1.Short Sell at Point D (Bearish Gartley Pattern) The completion of the Bearish Gartley at point D around 31.15 increases the likelihood of a reversal. This area is aligned with key Fibonacci resistance, and the overbought TDIGM oscillator supports the case for a correction. Entry: Short between 31.10 and 31.30, after a confirmation of price weakness. Target 1: 30.17 (previous B-level support). Target 2: 27.72 (next support and 61.8% Fibonacci retracement). Target 3: 26.21 (deeper support level. From a longer-term perspective, Silver is in an uptrend, but a break below the 29.72 support could signal a deeper correction). Stop Loss: 32.20 (above point D to protect against false breakouts). The confluence of the Gartley pattern, overbought conditions, and technical resistance provides a strong case for this short setup. 2.Buy on Retracement (Minor Correction Scenario) If the market experiences a mild correction after hitting point D, a potential support zone around 29.90 could provide a buying opportunity for a medium-term rally. This level has acted as previous resistance and may now serve as support. Entry: Buy between 29.70 and 29.80, provided the price shows signs of holding support (e.g., Pinbar or Hammer candlestick). Target 1: 31.15 (retest of the resistance at point X, D). Stop Loss: 27.50 (below the support level to limit risk). The success of this strategy depends on the depth of the correction. A shallow retracement improves the odds, but there's still a moderate risk of a deeper pullback. FINAL THOUGHTS The completed Bearish Gartley pattern at point D offers an excellent short-selling opportunity in the near term, with high probability and an attractive risk-reward ratio. The buy-on-retracement strategy has a lower probability but remains viable if the market correction is shallow. A long-term short could also provide solid gains if the key support at 29.73 is broken. Keep an eye on support and resistance zones and monitor closely price action and confirmation signals on lower timeframes before taking action!
CAPITALCOM:SILVERShort
by MrVNpt