XAGUSDPair : XAGUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Demand Zone
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 50.00%
Break of Structure
XAGUSD trade ideas
SILVER_101 2024.11.01 08:43:06 Trading Signal BUYFrankPro Signal for SILVER_101
Type: Screen
Signal: BUY
TP: 33.426
SL: 32.711
Entry Price: 32.854
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Up
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, I will perform a separate analysis for short-term and long-term expectations for the Silver price (XAG/USD).
**Short-term Analysis (next 24-48 hours)**
* The current price of $32.677 is approaching a key support area at $33.10, which could lead to a bounce or a break below.
* Technical indicators suggest a potential buy signal, but the Williams %R indicates the market is overbought.
* The softer US Dollar is preventing further retreats in precious metals, which could lead to a slight increase in Silver prices.
* Economic factors such as the EUR/USD rate and Gold prices will influence the Silver price.
**Expected Short-term Movement:** Neutral to Slightly Up
The Silver price is expected to remain relatively stable or experience a slight increase in the short term, as it approaches the key support area. However, a clear break below $33.10 could increase bearish pressure.
**Long-term Analysis (next week and beyond)**
* The influence of broader economic factors, such as the US PCE prices index and the upcoming NFP report, could lead to increased volatility in Silver prices.
* Geopolitical instability and fears of a deep recession could support Silver prices due to its safe-haven status.
* The Gold/Silver ratio and Gold prices will continue to influence Silver prices, with a potential indirect impact from the US election uncertainty.
* Industrial demand and the US consumer discretionary sectors could also impact Silver prices in the long term.
**Expected Long-term Movement:** Up
The long-term outlook for Silver prices appears bullish, driven by the potential for increased safe-haven demand, industrial demand, and the influence of Gold prices. However, the market will need to navigate the upcoming economic data releases and geopolitical events, which could lead to increased volatility.
Result: ST=Up LT=Up
Analysis Method(1)
Based on the provided analysis, here are my expectations for the XAG/USD (Silver) price changes:
**Short-term (next few days):**
* The price is expected to go down, as it is currently testing the support area near $32.35 and may break below the key support level at $33.10, potentially reaching $32.10 or even $31.30.
* However, the US Dollar's performance and key economic data releases (US PCE prices index and NFP report) may influence the price movement and prevent further declines.
**Long-term (weeks/months):**
* The price is expected to go up, as the forecast indicates continued growth with a target above $36.75 after the potential correction.
* The technical indicators (moving averages, RSI, STOCH, and MACD) all support a bullish trend, and the Elliott Wave analysis suggests a wave iv rally followed by a marginal wave v lower before resuming higher.
* However, a fall and breakout below $31.05 would cancel the growth scenario and indicate a continuation of the decline towards $29.25.
In summary, while there may be a short-term correction or decline, the long-term outlook for XAG/USD is bullish, with expectations of continued growth and a target above $36.75.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here are my conclusions for the expected price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days/weeks):**
* The price is expected to go down. The analysis suggests a bearish correction to test the support level near $32.35, and the Elliott Wave analysis indicates a wave ((ii)) pullback is in progress, which may lead to a marginal wave v lower.
* However, the decline is expected to be limited, and the price is likely to rebound from the support level, potentially around $32.10 or $31.30.
**Long-term (next few months):**
* The price is expected to go up. The analysis indicates a bullish trend, with moving averages suggesting continued growth. The target price is above $36.75, and the Elliott Wave analysis suggests that the metal will resume its upward trend after the current corrective phase.
* The overall outlook remains bullish, with the pivot at the 30.1 low being crucial for maintaining this outlook.
Please note that these conclusions are based on the provided analysis and are subject to change as new data and market developments emerge.
Result: ST=Down LT=Up
XAGUSD has formed a double topOn the 4-hour chart, XAGUSD formed a double top pattern. At present, attention can be paid to the resistance near 33.1. If the rebound is blocked, short selling can be considered. The downside target is the 31.5-32.0 area.
SILVER_110 2024.11.01 05:27:04 Trading Signal SELLFrankPro Signal for SILVER_110
Type: Screen
Signal: SELL
TP: 32.0835
SL: 32.983
Entry Price: 32.726
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Same LT=Up
ST=Up LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided data, I will perform a separate analysis for short-term and long-term expectations.
**Short-term Analysis (Next 24-48 hours)**
* The recent price movements show a slight correction, with silver prices extending losses for the second consecutive day, currently trading around $33.60.
* However, the overall outlook remains firm due to uncertainty over the US presidential elections and potential inflationary policies.
* Technical indicators, such as the 14-day RSI, remain bullish, indicating active momentum.
* Support levels are plotted near $32.70, $32.50, and $31.90-$32.10, which may provide a cushion for the price.
**Short-term Expectation:** The price is expected to stay the same or experience a minor correction, potentially testing the support area near $32.70. However, the overall bullish momentum may help the price to rebound and maintain its current levels.
**Long-term Analysis (Next few weeks/months)**
* The silver price surged to near $34.50 following weaker-than-expected US JOLTS Job Openings data, indicating a slowdown in labor demand.
* The horizontal support at $32.50 and the upward-sloping 20-day EMA near $32.70 suggest more upside ahead.
* The expectation for silver to recapture a fresh over 12-year high near $35.00 after breaking out of a three-day consolidation remains intact.
* Economic data, including the US Q3 GDP, PCE data, NFP, and ISM Manufacturing PMI, will influence the Federal Reserve's monetary policy and, in turn, affect silver prices.
**Long-term Expectation:** The price is expected to go up, potentially reaching a fresh over 12-year high near $35.00, driven by bullish technical indicators, supportive economic data, and uncertainty over the US presidential elections.
Result: ST=Same LT=Up
Analysis Method(1)
Based on the provided analysis, here are my conclusions for the short-term and long-term outlook for the XAG/USD (silver) price:
**Short-term Outlook (next few days to a week)**
* The price is expected to go up, but with a slight caution. The current price is struggling to clear the $34.00 resistance level, but the RSI is in bullish territory, indicating positive momentum.
* If the price breaks above $34.00, it could target the year-to-date high at $34.86 and then the October 2012 peak at $35.40.
* However, there are mixed signals from various technical indicators, and some forecasts suggest that silver might attempt to test the support area near $32.70.
**Long-term Outlook (weeks to months)**
* The price is expected to go up. Some forecasts suggest that the XAG/USD rate could rise significantly in the coming weeks and months, with a predicted price of $38.45 by the end of the week and $41.99 in the longer term.
* The overall sentiment in the XAG/USD market is estimated as bullish, with the 14-day RSI reading indicating overbought conditions.
* Geopolitical instability and fears of a recession can also drive silver prices up due to its safe-haven status, supporting the long-term bullish outlook.
Please note that these conclusions are based on the provided analysis and should not be considered as investment advice. The silver market can be volatile, and prices can fluctuate rapidly due to various market and economic factors.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement of Silver (XAG/USD) for both short-term and long-term:
**Short-term (next few days):**
* The recent surge in silver prices was followed by a two-day correction, which might be a normal pullback after a strong move.
* The technical analysis suggests that silver aims to recapture a fresh over 12-year high near $35.00, indicating a potential upside.
* However, the upcoming US economic data releases (US Q3 GDP, PCE, NFP, and ISM Manufacturing PMI) may cause short-term volatility and potentially impact the price.
* Given the current bullish momentum (14-day RSI in the 60.00-80.00 range) and the horizontal support at $32.50, I expect the price to stay around the current level ($33.60) or slightly increase in the short-term.
**Expected short-term price movement:** Slightly Up or Sideways
**Long-term (next few weeks/months):**
* The overall market sentiment remains firm, driven by uncertainty over the US presidential elections and the potential for protectionist policies and inflation.
* The expectation of former US President Donald Trump returning to power supports the demand for safe-haven assets like silver.
* The technical analysis suggests a potential breakout above $35.00, which could lead to further gains.
* Considering the long-term bullish trend and the supportive market sentiment, I expect the price to increase in the long-term.
**Expected long-term price movement:** Up
Result: ST=Up LT=Up
XAGUSD small gains before the weekend#XAGUSD Goin Long, tarket ist challenge the SMA21. Rettest of the Resistance Level that Brake last Week is comfirmation for the move. Stop Loss under the Support Level. 32.49
Short Term Elliott Wave in Silver (XAGUSD) Looking to Turn HigheShort Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.95 and pullback in wave 4 ended at 30.12. The metal extends higher in wave 5. Up from wave 4, wave (i) ended at 32.17 and wave (ii) pullback ended at 31.29. Wave (iii) higher ended at 34.26 and pullback in wave (iv) ended at 33.44. Final leg wave (v) ended at 34.86 which completed wave ((i)) of 5 in higher degree.
Wave ((ii)) pullback is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave i ended at 34.43 and wave ii ended at 34.83. Wave iii lower ended at 33.41 and wave iv ended at 34.29. Final wave v lower ended at 33.07 which completed wave (a). Bounce in wave (b) completed at 34.54 as a zigzag structure. Down from wave (b), wave i ended at 33.39 and wave ii ended at 33.97. Wave iii lower ended at 32.48. Expect wave iv rally and another marginal wave v lower to complete wave (c) of ((ii)) before the metal resumes higher. Near term, as far as pivot at 30.1 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
SILVER_103 2024.11.01 02:04:05 Trading Signal BUYFrankPro Signal for SILVER_103
Type: Screen
Signal: BUY
TP: 33.504
SL: 32.514
Entry Price: 32.712
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Same LT=Up
ST=Up LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided data, I will perform a separate analysis for short-term and long-term expectations.
**Short-term Analysis (Next 24-48 hours)**
* The recent price movements show a slight correction, with silver prices extending losses for the second consecutive day, currently trading around $33.60.
* However, the overall outlook remains firm due to uncertainty over the US presidential elections and potential inflationary policies.
* Technical indicators, such as the 14-day RSI, remain bullish, indicating active momentum.
* Support levels are plotted near $32.70, $32.50, and $31.90-$32.10, which may provide a cushion for the price.
**Short-term Expectation:** The price is expected to stay the same or experience a minor correction, potentially testing the support area near $32.70. However, the overall bullish momentum may help the price to rebound and maintain its current levels.
**Long-term Analysis (Next few weeks/months)**
* The silver price surged to near $34.50 following weaker-than-expected US JOLTS Job Openings data, indicating a slowdown in labor demand.
* The horizontal support at $32.50 and the upward-sloping 20-day EMA near $32.70 suggest more upside ahead.
* The expectation for silver to recapture a fresh over 12-year high near $35.00 after breaking out of a three-day consolidation remains intact.
* Economic data, including the US Q3 GDP, PCE data, NFP, and ISM Manufacturing PMI, will influence the Federal Reserve's monetary policy and, in turn, affect silver prices.
**Long-term Expectation:** The price is expected to go up, potentially reaching a fresh over 12-year high near $35.00, driven by bullish technical indicators, supportive economic data, and uncertainty over the US presidential elections.
Result: ST=Same LT=Up
Analysis Method(1)
Based on the provided analysis, here are my conclusions for the short-term and long-term outlook for the XAG/USD (silver) price:
**Short-term Outlook (next few days to a week)**
* The price is expected to go up, but with a slight caution. The current price is struggling to clear the $34.00 resistance level, but the RSI is in bullish territory, indicating positive momentum.
* If the price breaks above $34.00, it could target the year-to-date high at $34.86 and then the October 2012 peak at $35.40.
* However, there are mixed signals from various technical indicators, and some forecasts suggest that silver might attempt to test the support area near $32.70.
**Long-term Outlook (weeks to months)**
* The price is expected to go up. Some forecasts suggest that the XAG/USD rate could rise significantly in the coming weeks and months, with a predicted price of $38.45 by the end of the week and $41.99 in the longer term.
* The overall sentiment in the XAG/USD market is estimated as bullish, with the 14-day RSI reading indicating overbought conditions.
* Geopolitical instability and fears of a recession can also drive silver prices up due to its safe-haven status, supporting the long-term bullish outlook.
Please note that these conclusions are based on the provided analysis and should not be considered as investment advice. The silver market can be volatile, and prices can fluctuate rapidly due to various market and economic factors.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement of Silver (XAG/USD) for both short-term and long-term:
**Short-term (next few days):**
* The recent surge in silver prices was followed by a two-day correction, which might be a normal pullback after a strong move.
* The technical analysis suggests that silver aims to recapture a fresh over 12-year high near $35.00, indicating a potential upside.
* However, the upcoming US economic data releases (US Q3 GDP, PCE, NFP, and ISM Manufacturing PMI) may cause short-term volatility and potentially impact the price.
* Given the current bullish momentum (14-day RSI in the 60.00-80.00 range) and the horizontal support at $32.50, I expect the price to stay around the current level ($33.60) or slightly increase in the short-term.
**Expected short-term price movement:** Slightly Up or Sideways
**Long-term (next few weeks/months):**
* The overall market sentiment remains firm, driven by uncertainty over the US presidential elections and the potential for protectionist policies and inflation.
* The expectation of former US President Donald Trump returning to power supports the demand for safe-haven assets like silver.
* The technical analysis suggests a potential breakout above $35.00, which could lead to further gains.
* Considering the long-term bullish trend and the supportive market sentiment, I expect the price to increase in the long-term.
**Expected long-term price movement:** Up
Result: ST=Up LT=Up
XAGUSD BUY PROJECTION XAGUSD has been going short for a very long time and we expect price to go long now. Breakout and retest
SILVER XAGUSD TO 40$ IN YEAR 2025 !!!HELLO TRADERS
As I can see silver is trading in uptrend channel and after a new ATH its retracing to the broken resistance zone which can be a support for silver NFP ahead and geopolitical bad conditions with a weak $ us elections impact on economy and bricks trading in 2025 will can make some new historically high in precious metals have a look on GOLD and other commodities all are make huge moves so it will be a great opportunity for Silver traders that they can join the next bull run from these given zone till design TP friends its just an trade idea with technical and fundamental view share Ur thoughts on it we appreciate Ur support and love Stay Tuned for more updates
SILVER Support Ahead! Buy!
Hello,Traders!
SILVER went down sharply
In a nice bearish correction
But the price will soon hit
A horizontal support
Of 32.18$ from where
We will be expecting a
Bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Silver Major Support TestThis is the best thing I see in the market today. High probability that silver bounces here at least once. It's the previous swing high which has provided significant movement on prior tests. Tight stop below with a target of the recent high.
Low hanging fruit continuation setup taken with Gold and NASIn 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 long scalp
* Gold LHF Short
* NAS LHF short
I'll also provide a detailed explanation of the LHF setup, helping you understand how to apply this strategy in your own trading. LHF is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
SILVER: Bullish Continuation is Expected! Here is Why:
Looking at the chart of SILVER right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
❤️ Please, support our work with like & comment! ❤️
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 33,21661$
Wish you good luck in trading to you all!
Bearish on SilverLooking at the 4-hour chart, if we get a close below the recent HL (Wednesday, 30 Oct), I'll be going short with a SL at the Previous LH. This was attempted last Friday and failed. However, since then, it's put in an LH, so it looks more likely this time.
Keep in mind we are still in an Bullish Trend channel which I am expecting to break down in the near term as silver is well overbought atm.
If this does close below the 4hr its likley tomorrow the Daily MACD will also be crossed to the downside.
Ill have a risk to reward of around 1:2
Trade safe all!
SILVER Buy Opportunity until 35!Hi Everyone!
Thisis Silver! And I have a buy there where you can see for a potential BULL RUN.
Silver Wants a TrampolineThe bright green is what I foresee. A solid reversal after a decent correction. I see $36 as the next average level for Silver. If the markets turn more bullish I see $38-45 as a very real possibility.
DYOR.
Trade Slick.
Bull flag break out on silver Silver is expected to continue the bullish trend after breaking out of the bull flag pattern which is often interpreted as a trend continuation.
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 34.36803$
Wish you good luck in trading to you all!
