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XAGUSD trade ideas

XAGUSD: Sell the bounce. Top about to be completed. Silver reached the top of the 3 month Channel Up, naturally on a bullish 1D technical outlook (RSI = 62.183, MACD = 0.939, ADX = 32.693) and since 3 days it got rejected to the 4H MA50 today. The 2 bullish waves before that show that this is technically the last bounce before the top is formed. We are ready to sell this back to the bottom of the Channel Up, targeting the 0.5 Fibonacci level (TP = 32.500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDShort
by InvestingScope
2
Silver Fakeout + Head and ShouldersWe have a head and shoulders here on the 15m along with a set of lower highs. On top of that, it had a fakeout above its falling wedge today. Really nice move up and might be a dangerous short, or long really. There's likely to be some more volatility though. For now I'd be a little bearish until it retests the $32.50 area. Might be a good spot to long there, also might be worth taking some puts for a short term swing on the way down as well. Short would be invalid if it holds the $33.50 area it's near now.
CAPITALCOM:SILVERShort
by AdvancedPlays
Reversal into downtrend setup taken with DJ30 today explainedIn 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: * NAS Uptrend Continuation long (BE) * Silver Parabolic Reversal Short * DJ30 Reversal into Downtrend I'll also provide a detailed explanation of the Reversal into Downtrend setup, helping you understand how to apply this strategy in your own trading. Reversal into downtrend is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
OANDA:XAGUSD
by TC888
XAGUSD - 1H BullishOANDA:XAGUSD is showing strong bullish momentum, particularly as we approach late October 2024. On the technical side, the current chart presents a series of three bearish pullbacks, each one weaker than the last, suggesting the bearish trend is losing strength. Silver has now reached a key support zone, which aligns with the end of the bearish phase and a potential upward reversal. The breakout is likely, supported by bullish signals from the trend line and weakening bearish pressure. From a fundamental perspective, there are several factors supporting this bullish outlook for silver. Global demand for silver, particularly in renewable energy sectors and industrial uses, continues to grow. In October 2024, silver prices have also been supported by increasing inflation concerns and the weakening U.S. dollar, as noted by various market analysts. Additionally, silver remains above critical moving averages, further reinforcing the possibility of continued upward momentum. With a strong technical foundation and supporting fundamentals, silver looks well-positioned for a rally in the coming weeks. Keep an eye on key resistance levels and potential macroeconomic developments for further confirmation of the bullish trend.
FX:XAGUSDLong
by Sober_Trading
Silver (XAGUSD): Anticipating a correction after new local highsTwo out of our three Silver positions remain active, with Silver reaching a remarkable high near $35. Today, we decided to fully close our second position, locking in substantial gains. The first position, initiated at $26.30, will remain open with a stop loss placed slightly below $26, aligning with the high-timeframe support and wave 1 level. Given current analysis, a correction in Silver may be on the horizon after reaching the minimum target for wave 3. With increased Treasury yields and some profit-taking, Silver could face resistance in climbing further, especially considering the upward trend in yields. While we cannot predict the exact speed of this potential downturn, if it unfolds as expected, we’ll look to re-enter with Silver certificates around the $30 to $28.30 range. The ideal correction would see a pullback toward the volume range high and a subsequent bounce within the 61.8%-78.6% Fibonacci zone, which we’ll confirm once wave ((a)) is established. Stay patient and focused, as volatility is expected to rise with the upcoming presidential elections.
OANDA:XAGUSD
by freeguy_by_wmc
Silver’s U-Turn: Head & Shoulder Formation Triggers Sell Signal● After breaking out from the Rounding Bottom formation, the price soared to an impressive peak of $34.87. ● Subsequently, a consolidation phase unfolded, leading to the development of the Head & Shoulder pattern. ● We expect a swift drop once the neckline is breached, potentially retracing the price back to its earlier breakout point. Key levels to watch ● Entry : Below $33.4 ● Potential Target : $32.7 ● Stop-loss : Above 33.7
OANDA:XAGUSDShort
by NaranjCapital
SILVER (XAGUSD): Your Trading Plan For TodaySilver is currently in a strong uptrend, with the price recently reaching a new high before retracing to a key support level. To potentially short the pair with confirmation, keep an eye out for a head and shoulders pattern on the 4-hour timeframe. A breakout below the neckline, confirmed by a 4-hour candle closing below 33.40, would indicate strong selling pressure. This could lead to a bearish reversal towards the 32.47 level, based on a rising trend line and horizontal structure. It's important to note that the neckline currently represents a strong demand area, so it's advisable to only consider shorting after a confirmed breakout.
TVC:SILVERShort
by linofx1
XAGUSD Bull Flag to test the strength of the MA50 (1d).Silver has completed a Cup pattern with the price breaking above it this week. Yesterday's pull back may start a Bull Flag, delayed Handle of the Cup, same as the mid April Bull Flag that gave an excellent buy above the MA50 (1d). Trading Plan: 1. Buy on the 1.0 Fibonacci level. Targets: 1. 38.500 (the 2.0 Fibonacci extension). Tips: 1. The RSI (1d) is also trading on a similar pattern as April. A neutral (1d) RSI is perhaps the most efficient buy signal there is. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAGUSDLong
by TradingBrokersView