Silver to resume !the chart corrected wave 4 in a beautiful w,x,y formation, i expect the prices to resume from here and target new highs , at least 33$ as a first target, the timeframe is not something we can predict.
XAGUSD trade ideas
The Silver shows some of possibilities on sells.The Bearish pattern occurs on H4 and H1, which gives me clear possibilities on sells at 15MIN chart. Here it is, try this strategy "TRENDS IN TRENDS"
Setup for bulls Although silver fell from previous levels, the overall trend is up, and I think the correction will soon be over.
SILVER - Bearish Double TOPHi Traders !
On Monday 12 August, The Silver reached the resistance line and failed to break it !
The price formed a double top pattern.
At the moment, The neckline is broken !
So, I expect a bearish move 📉
_____________
TARGET: 26.63600🎯
GET READY...MOVE STARTINGThe move we have been waiting on is starting...the final pivot low is complete...and major up move starts now!
Silver Short Idea for June Seasonal Outlook 🌦️
June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in influencing silver prices, potentially leading to a decline.
Commitment of Traders (COT) Index 📊
The COT index, which measures the positioning of different market participants, offers valuable insights into market sentiment. Currently, the 6 month COT index score for silver is at a bearish 3.8%, while the 3-year rolling COT index score is even lower at 2.3%. These figures indicate that smart money—typically the more informed and larger traders—are significantly short on silver. This bearish sentiment from smart money contrasts sharply with the retail traders, who are predominantly long on silver. This divergence often suggests a potential reversal or pullback in prices as the smart money tends to be on the right side of the market over time.
Technical Analysis 🔍
Despite the overall uptrend in silver prices, several key technical signals suggest a potential pullback is on the horizon:
Break of Structure: A higher time frame break of structure has been observed, indicating a potential shift in market dynamics.
Buy Side Liquidity Taken: Recent price action has taken out buy-side liquidity, potentially trapping retail traders who are long.
Imbalance Left Behind: An imbalance left on the H4 chart adds to the expectation of a corrective move.
Given these factors, a strategic short position could be advantageous. The proposed trading plan is as follows:
Entry: Sell at $31.24
Stop Loss: Above the recent H4 high after the imbalance
Take Profit: $26.80
This plan aims to capitalize on the expected pullback to a daily demand level before any new buyers step in.
Conclusion 🧩
In summary, the seasonal weakness in June, coupled with bearish signals from the COT index and technical indicators, supports the case for a short position in silver. While the overall trend remains up, the confluence of these factors suggests a pullback is likely. Traders should consider the outlined strategy to navigate the anticipated market movements.
XAGUSD ( BREKOUT DESCENDING CHANNEL ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel and trading below turning level at 27.96.
TURNING LEVEL : the price of this level at 27.96 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach of a resistance level (1) .
RESISTANCE ZONE : this zone between 28.84 and 29.65 , in order to see this zone the price need breaking turning level at 27.96 , breaking this price indicates an increase and reaching the resistance level (1) at 28.84 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 29.65 , after breaking this zone it will be attempt to reach resistance level (3) at 30.82 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 26.68 & 26.07 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 26.68 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 26.07
CORRECTIVE : the price corrective at 27.96 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL :28.84 , 29.65 , 30.82 .
SUPPORT LEVEL : 26.68 , 26.07 .
Three reasons why Silver Bulls should not despairSilver prices have been under pressure in recent weeks, but that hasn't always been the case. Earlier this year, we identified a breakout that suggested a potential 25% increase in price, which largely materialized. Now, the price has returned to the ascending triangle breakout point around the $26 level. The market has bounced off this level, and as long as it stays above, there’s potential for prices to rise towards $30 or even $32.
Additionally, macro fundamentals are currently favorable for both silver and gold, with the Fed likely to cut rates and a weakening economy offering a safe haven push. Geopolitical tensions in the Middle East, while more impactful on gold, could also provide some support for silver.
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XAGUSD forms a bullish bat patternOn the daily chart, XAGUSD has formed a bullish bat pattern. Currently, XAGUSD is stabilizing and moving upward, with the upward target at 0.382 of the CD segment, and further upward at 0.618 of the CD segment.
SILVER - Catch The Next BIG Wave!Our last 2 analysis of Silver has played out perfectly!
We identified that we were in a 5 wave impulsive move and were looking for wave 4 completion.
We have finally completed wave 4 and we are ready to load up for the 5th wave!
Trade idea:
- Risk entry anywhere above invalidation
- Safer entry on break of red trendline
- Stops below invalidation
- Targets: 32, 34, 36
Goodluck and as always, trade safe!
See our last 2 Silver analysis below.
Silver is about to go apeshitBullish Gartley on silver to initiate the 5 wave impulse up on silver. Harmonic patterns and Elliott waves working together
SILVER Will Go Higher! Buy!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 27.735.
The above observations make me that the market will inevitably achieve 30.577 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
XAGUSDXAGUSD price is currently near the support zone of 27.26. If the price can still stand above 27.26, it is expected that the price will have a chance to rebound.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
XAGUSD - Bullish TrendXAGUSD is making HH and HL. It may continue its bullish trend as per dow theory.
Impulsive Movement in 15mWith the formation of Yellow 2, I will take a long position.
I have indicated the stop level with a red horizontal line.
If the upward movement continues as we want, I will take profit when Orange 3 appears.
SILVER (XAGUSD): Important Bullish BreakoutSILVER's price broke through a key resistance level on the 4-hour chart, then retested it, forming a bullish flag pattern.
The pattern's structure suggested strong buying pressure, leading to a breakout above the flag's resistance line. This indicates a likely continuation of the bullish trend, with a target price of 28.31
Xagusd buy tradeHere’s a bullish analysis for XAG/USD on the H4 timeframe:
Technical Indicators
Trendline Breakout: Recently, XAG/USD has broken out of a bullish trendline, indicating potential upward momentum1.
Fibonacci Levels: The price is currently climbing from the pivot level at 24.771, aligning with the 23.6% Fibonacci retracement level1.
Symmetrical Triangle: The price action is forming a symmetrical triangle, and a breakout above the triangle resistance could signal a strong bullish move2.
Key Levels
Resistance: 25.259
Pivot: 24.771
Support: 24.5761
Moving Averages
The 20-period EMA is flat, suggesting a range-bound market. However, a breakout above this level could confirm a bullish trend2.
RSI
The RSI is currently below the 50.00 line, but a move above this level could further support the bullish outlook2.
Conclusion
Based on the current technical setup, XAG/USD shows potential for a bullish move, especially if it can break above the key resistance levels and maintain momentum. Traders should watch for a confirmed breakout and consider entering long positions with appropriate risk management.
Silver - outlook still uncertain for nowGold and silver made significant gains this morning in an otherwise featureless trading session. Both have built on last week’s late recovery. As with other risk assets, gold and silver shot higher on Thursday following the release of a better-than-expected weekly Unemployment Claims number. This helped them to make back losses from earlier in the week following the big ‘risk-off’ move in Monday. Gold is comfortably above $2,400 and not a million miles away from July’s all-time high of $2,483. Meanwhile, silver was up 1.8% in early trade, and just a few cents below $28 per ounce. That’s a promising start to the week for both metals. Gold should pick up buying interest if it goes on to hit a fresh record. But silver really needs to get back above $30 to reignite interest. It remains very oversold, and it’s from positions like this that sharp rallies can develop. Yet there remains a danger that it takes another dip lower and retest support just below $26. But there are some signs that sentiment is improving when looking at the shorter, while less reliable, MACD time periods.
Silver H4 | Approaching pullback resistanceSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 28.15 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 28.90 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 27.21 which is an overlap support.
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