Short SilverThis is a pure technical play.
This is based on the railroad track pattern where one candle goes up aggressively followed by another candle closing down aggresively.
Target is the start of this aggresive up move.
XAGUSD trade ideas
BOS - Break of StructureBOS means Break of Structure . It happens when the price of an asset (like a stock or currency) breaks past a key support or resistance level, indicating a potential change in the market direction.
Key points:
Uptrend BOS: If the price breaks above a recent high, it could mean the start of an upward trend.
Downtrend BOS: If the price breaks below a recent low, it may signal the beginning of a downward trend.
Traders use BOS to spot potential trend changes and decide when to buy or sell.
CHoCH signalsa Change of Character (CHoCH) signals a potential shift in market dynamics, often indicating a reversal from the prevailing trend. This concept is particularly valuable as it helps traders discern when the momentum is shifting, offering a strategic point to consider adjusting their positions.
SILVER: Bears Will Push Lower
The price of SILVER will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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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 31.59757$
Wish you good luck in trading to you all!
Silver H4 | Potential bullish reversalSilver (XAG/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 31.05 which is a multi-swing-low support.
Stop loss is at 30.64 which is a level that lies underneath the 78.6% Fibonacci retracement level.
Take profit is at 31.79 which is a multi-swing-high resistance that aligns with the 50.0% Fibonacci retracement level.
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XAGUSD - Bullish BreakoutSilver has been in a bullish run same as gold. The retracement serves as a good discount to join in with the rest of the buyers. The trendline breakout to the upside serves as confluence that the retracement is now over. A 1:3 risk to reward ratio is perfect for the trade
Brothers, did you follow the silver wave last night?Silver 15-minute chart wave count: After the blue second wave correction ended last night, the blue third wave started, the sub-wave purple first wave came out, the yellow small five wave rose, and the purple second wave corrected three waves. Ending, now entering a bullish purple third wave.
Silver 02-10-24 possible next move I think I should bring more analysis like this to my followers for more gains n clear directions to follow the trend in smaller time frames like H1 n M30, this Is a simplest way to take calculated risk n tight stop looses for good reward.
XAGUSD[SILVER]: Swing Buying Opportunity! Do not miss out! OANDA:XAGUSD
Big buying opportunity, one not to miss out on, after analysis the price movement for last two weeks, now we are confirmed that there is high chance of price touching previous higher high and rejected from there. With a risk managed entry we can target at least 500+ pips if not more. Good luck.
SILVER: Move Up Expected! 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 31.88293$
Wish you good luck in trading to you all!
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.
Silver correction endsSilver 1-hour level wave count: Silver is currently in the main rise of the green third wave, and the blue second wave correction ended last night. The next blue third wave rise begins.
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.
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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the SILVER with the target of 29.507 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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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.
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.
Silver in Megaphone, 45 minute chart~!! So is Gold!
45 minute chart.
With the world in turmoil, expect precious metals to rise.
The central banks are buying it up because they know the inevitable.
They create.
silver head and shoulder patternsince gold meltup this year silver also going up
but there is long term elliott wave target near $31.71
price made head and shoulder pattern than neckline breakout
now retest of neckline ( as your horizontal resistance) and target new lower low is final setup in head and shoulder pattern
Silver updateSilver went well aswell what to expect next is more move to the upside,silver is been moving very slow expect more bull run to continue this is just a beginning 👌
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.
XAGUSD View!!Front Month Comex Silver for October delivery gained $1.9270 per troy ounce, or 6.59% to $31.164 this quarter
Up for four consecutive quarters
Up $8.928 or 40.15% over the last four quarters
Largest four quarter gain since the first quarter of 2021
Largest four quarter percentage gain since the second quarter of 2021
Longest winning streak since the first quarter of 2011 when the market rose for nine straight quarters
Up six of the past eight quarters
SILVER (XAGUSD): Correction ContinuesThe earlier bearish prediction on silver was confirmed, as the price declined from the indicated blue resistance today.
Analyzing the 4-hour timeframe, I identified another bearish signal: a breakout below a significant horizontal support level.
I anticipate further bearish movement toward 30.55.
