XAGUSD trade ideas
Trade idea - XAGUSD Long4H
Bullish M pattern can potentially play out.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
Market moving in Bull Flag formation towards entry zone.
More clear from a 1H perspective:
= Confirmation to place Buy limit.
1.5% risk.
XAGUSD 5000PIPSIdentify Major Trend:
Long-term Technical Analysis: Review weekly or monthly charts to identify key support and resistance levels, as well as the overall trend. Silver tends to follow large cycles, so confirming a trend alignment in the right direction (bullish or bearish) is crucial.
Technical Indicators: Use indicators such as the moving averages (50, 100, 200-day), RSI, and MACD to confirm the strength of the trend. Look for converging signals that align with your target direction.
Set Entry Point:
Fundamental News: Keep an eye on key economic indicators and news events that impact silver prices, like U.S. dollar movements, interest rates, and geopolitical events.
Precise Technical Entry: Wait for a breakout from a key resistance or support level on shorter timeframes to enter in alignment with the long-term trend. Confirm entries with candlestick patterns, trendline breaks, or key price reversals on the daily or weekly charts.
Silver ALWAYS disapointsSome huge pain is coming for ALL markets, but silver will be the leader per usual.
Silver Remains Bearish Below $31 as Solar Demand DipsSilver 's downtrend is boosted by lower demand for China's solar panels. XAG/USD has tested the bearish FVG. The trend will remain bearish below $31.35, with the next target at $30.10.
Article: fxnews.me
Silver trade to run back upwards, for now.
A lot of contraction/squeeze on Gold and Silver price at these levels.
I think I counted 12% correction, it happened quickly.
Not a great deal of momentum as you would expect at the turnaround and the USD over 106.
Will look for a proper entry to go long.
WHAT'S FLOWING: CRYPTO / FX / METALS / ASIAHere’s a breakdown for today’s "What's Flowing" episode based on the latest charts:
UNIUSD: Bullish. Uniswap is showing strength with clear upward momentum, indicating potential for continued gains.
SXPUSD: Bullish. Strong buying signals are evident here, with prices moving toward higher levels, making it favorable for long positions.
EURCAD: Bearish. The pair is exhibiting signs of weakness, with potential for further downside movement, presenting a short opportunity.
CADCHF: Bullish. CAD is gaining over CHF, showing a positive upward trend, suggesting a good setup for a bullish play.
XAGUSD (Silver): Bearish. Silver is trending lower, with indications of continued downside, suggesting it’s suitable for bearish positions.
ZNC (Zinc): Bearish. Zinc’s price action is leaning downward, showing selling pressure that may lead to further declines.
JPN225 (Nikkei): Bearish. Japan’s index is showing weakness, with a downward trajectory suggesting a potential for shorting.
CHNAH (China A50): Bearish. The Chinese index appears to be facing resistance, with bearish momentum indicating possible further declines.
This lineup features a mix of bullish and bearish setups across various assets, including cryptocurrencies, metals, and indices. Use these flows as a guide, and manage your trades with caution. As always, consider market conditions and maintain disciplined risk management.
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.07330$
Wish you good luck in trading to you all!
SILVER BULLISH BAISE LONG SILVER is set to retest a strong support level below at $3.000 After trading in a local downtrend from same time
which makes a bullish rebound a likely secenario
With the taret is being a local resistance above at 31.36$ long
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 30.95107$
Wish you good luck in trading to you all!
Gold and Silver short-term correctionAs I pointed out in the previous post, Silver and Gold are showing a weakness in their price.
The correction in gold is not far from my expectations, it needed some rest after this crazy marathon in 2024 😁. Also, Silver is going into a deeper correction, which makes the silver stackers and long-term investors of this shiny metal excited. So, I would like to see Silver keep going down and reach below $30 while in the same time it would be nice to see gold is reaching below $2580.
Both Silver and Gold might experience this weakness until the end of November. Then, I would like to see another leg up forming until the end of February.
Silver H1 | Resistance at 61.8% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 31.72 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 32.30 which is a level that sits above a swing-high resistance.
Take profit is at 30.95 which is a swing-low support.
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XAGUSD: Key Support Levels to Watch for Potential DownsideHello,
OANDA:XAGUSD has recently moved downward, and further decline is anticipated. The first indicator of this trend will be if the weekly/monthly support at 31.211/30.049 fails. If this support level breaks, further downside is likely. Currently, confidence is centered on these levels holding as support, with most investors hoping for a bullish continuation. Time will reveal the outcome!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Silver Chart below - I could be wrong or seriously right.
Most of my ramble is within the chart.
I think traders might have already witnessed the commencement of a bigger market correction for the Gold and Silver price.
XAGUSD_3Hhello
Analysis of silver in the medium term time frame
Elliott wave analysis style
The market is in 5 downward waves, which is currently in a descending channel and in the 5th downward wave.
For the next week, the important resistance is the number 31.700, and by maintaining this number, it will continue to fall towards the number and range of 3.000 and 30.400, which is the end of the fall, and it can enter a new upward trend towards the number 33.000.
Bearish continuationThe white metal failed to rally up into the 32.000's and we'll likely go further down and touch the Weekly lows.
Silver price down 1.75% (intentional I think) to take longs out.
A lot of people were long on gold and silver on thursday and I think that it was planned to keep the price selley today to take out stops.
Anyway, XAGUSD is down 1.75% and about 31.38 now. I think the price will move swiftly back up if buyers are there.
Join the friday afternoon free silver train long and get paid to do nothing.
Bearish continuation setups taken on Silver and WTI today explaiIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades:
* Silver Breakdown Retracement Continuation Short, R4,5
* WTI Breakdown Continuation Short, R3
I'll also provide a detailed explanation of the BD Continuation setup, helping you understand how to apply this strategy in your own trading. Breakdown Continuation is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
Bullish reversalSilver dropped and may likely be on a verge of a bullish momentum due to the bearish move losing steam. The previous established regions between 34.480-34.850 we'll be areas of interest to where price is headed to. The move to the upside we'll be significant if the white metal remains above 30.800.
Incoming ShortThe white metal is currently bullish, but the bullish momentum ran out of steam as price action failed to reach and stabilise the 35.00 region. While the metal is correcting, failure to break through and stabilise above 34.9 - 35.00 will likely see bearish momentum to the immediate supports.
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 31.08239$
Wish you good luck in trading to you all!
SILVER - Bullish Bias - 1h TFSimple Dow therory principle
Series of HH-HL
Stop Loss should be last HL
Silver Short-Term Analysis for 08/11/2024Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 4-hour
Market Analysis:
The 4-hour XAGUSD chart exhibits a bearish trend, with the Relative Strength Index (RSI) indicating a slight oversold condition.
Key Levels:
POC (Daily Point of Control): 30.59
Order Block (Lower Target): 28.90 - 28.72
Resistance: 32.74
Local Support: 30.12
Trading Bias:
The price is retesting the strong support level at 31.47. If it holds, the price may move upward to 32.75 (POC). Conversely:
A break below 30.12 (local low) could send the price to 30.80 (previous low).
If 30.81 holds as support, the trend may turn more bearish, potentially dipping to 28.92 - 28.72.
