XAGUSD trade ideas
XAGUSDA long-term long idea on XAGUSD: After filling the sell-side liquidity, an asset markup is expected from the order block at 24.44, which was formed by filled buy-side liquidity and a break of structure. My targets are 29.98 and 32.31.
SILVERCAPITALCOM:SILVER
1. Rising Channel Breakout:
• Pattern Identification: Silver has recently broken out of a rising channel, a bullish continuation pattern. A breakout from this pattern usually indicates strong upward momentum.
• New High Formation: Silver has formed a new high at 32.27 after the breakout, confirming the strength of the initial move.
now Silver breaks and sustains above 32.27, it will likely confirm the continuation of the uptrend.
• Upside Target: Silver could aim for the next resistance level, depending on Fibonacci extensions or historical price levels (targets could be 35.90 or higher)
SILVER: Strong Bullish Bias! 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 32.26477$
Wish you good luck in trading to you all!
Long trade
Pair XAGUSD
Wed 25th Sept
Buyside trade
LND to NY Session AM
5.00 pm
4Hr TF Entry
Entry 31.84806
Profit level 33.35850 (4.74%)
Stop level 31.21787 (1.98%)
RR 2.4
silver versus inflationStill room to run.
#silver
12+ year continuation breakout line
momentum as defined by distance from 36 month moving average
Rate cut effect on future silver price.Simply know as the widow maker of the precious metals group. You can tell just by looking from it's historical movements. This picture says it will surpass the movement in gold since it is a metal used for: -
1) Renewable Energy - Supply is in deficit
2) Defense - specifically in missile systems
3) Poor mans version of Gold - India is a great example
Now, once gold becomes unobtainable to the common person combined with next gen battery tech and the continuous battles being fought around the world. Where will this go?
The ratio I've have targeted of 0.50 is super conservative! When it runs - it runs it sprints!
Silver Trade IdeaThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low.
When entry is activated SL will be below or above the 30 minute candle.
Fundamental & Technical Analysis on XAGUSD (Silver)Fundamental : Historically for Silver when Open Interest (OI) is going down it is a bearish signal and vice versa unlike other symbols. In this case Open Interest is decreasing which is Bearish, Commercial (Hedgers) Long positions are slowly going up while their Short positions seem to be slowly decreasing which is another Bearish confluence. For Non-Commercial the Longs have been lowering the past 5 weeks but unfortunately so have the Short positions which isnt exactly what i would like to see but I do believe they'll start increasing. Net Positions for Commercial has reached an extreme on the line chart at about -400K which is a Bearish signal and Non-Commercial has reached an extreme at around 300K, both of these extremes are aligned with the extremes seen on February 2020.
COT Report : cot-reports.com
Line Graph : cot-reports.com
Technical : The 5 EMA has crossed down the 20 EMA while Momentum is negative and the K% line on the Stochastic is underneath the 50% line.
Targets & Stop Loss : My stop loss is at Fib LVL 0.236 which is $29.470 on the chart. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is Fib LVL 1.414, and Take Profit #3 is at Fib LVL at 1.618. The rest of the Take Profits are at Fib LVLs 2, 2.272, and 2.618. At every Take Profit i will take half of my position off and leave the rest running, after Take Profit #1 is hit I move my Stop Loss down to break even.
SILVER - Look for a long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + psychological level 31.00.
Like, comment and subscribe to be in touch with my content!
Silver Long Entry PlanIn this video I will explain the what and why behind my silver long plan. We will touch base on smart money concepts, time and price, and what to watch for. Happy trading everyone!
Silver retests recent highsGold is trading sideways this morning. This follows a strong session yesterday which saw it close at a fresh all-time high. Just under a fortnight ago, gold managed to burst out of a month-long trading range between $2,470 and $2,530. Since then it has continued to push higher, adding around 6%. The daily MACD has also picked up sharply, although it is not particularly overbought. So far, there hasn’t been any significant pullback, or period of consolidation during this latest leg of the rally, and that could be something that is weighing on traders’ minds. Meanwhile, it is silver which has really taken off to the upside. Yesterday it jumped close to 5% taking it above $32 per ounce for the first time since the end of May. This proved to be the high for the summer, as silver subsequently fell around $6, or 18% over the next two months. At the beginning of last month, silver hit a multi-month low, just under $26.50. Since then it has rallied over 20%. But this is now a key area for silver. If it is unable to break and hold above $32 over the next few trading sessions, and if the area around $31 fails to hold as support, then we may see a more protracted downside correction. But if silver can take out its highs from back in May, then further gains seem likely.
Silver Yearly Historical ChartThis time, it's different.
immense amount of
energy to get it here
also was very close to
breakout line for
past 4 years
#silver
Silver might recover the gap and continue it's uptrendSilver looks like to follow gold into higher prices. I expect a potential entry at around the 200ema on the 1hr timeframe to recover the created gap in the price to keep following the trend.
Silver (XAG/USD) Approaching Key Resistance:Reversal or Breakou?This analysis focuses on the Silver (XAG/USD) market, where a harmonic pattern is forming alongside Fibonacci retracement levels. The focus is on short to medium-term opportunities, considering technical patterns and key support levels.
Key Patterns and Levels:
Bullish Trend: Since the end of August, Silver has shown an upward trend, with prices reaching above 32 USD. The pattern of higher highs and higher lows suggests a continuation of the bullish trend in the short term.
Fibonacci Levels:
Fibonacci retracement is based on the previous upward move, with the 0.5 and 0.618 levels being significant potential support zones for a reversal.
Resistance Zone:
Silver recently touched the 32 USD zone, which has acted as a strong resistance in the past and has not yet been successfully broken.
This resistance could indicate a potential correction before another attempt to break higher.
Technical Indicators:
The TDIGM indicator below the chart shows an upward trend, with prices above the 60 level, indicating strong buying pressure. However, as Silver nears a key resistance zone, it’s important to watch for signs of divergence in the indicator, which could signal a potential reversal or correction.
Investment Strategies:
1.Short-Term Selling Strategy:
Sell Entry: Since Silver is near a significant resistance level, a selling strategy could be viable between 31.80 and 31.60 USD, aiming for a correction after the recent bullish move.
Stop Loss: Place your stop loss above 32.50 USD in case of a breakout above the resistance.
Take Profit: Targets can be set around the Fibonacci levels of 29.97 USD (0.5 Fibonacci) and 29.43 USD (0.618 Fibonacci), where potential support may be found.
2.Medium-Term Buying Strategy:
Buy Entry: If a correction occurs, the 29.43 USD zone (0.618 Fibonacci) could provide an excellent buying opportunity, anticipating a continuation of the upward trend.
c) Breakout Buying Strategy:
Buy Entry on Breakout: If the price breaks above 32.50 USD with strong momentum, it could signal further bullish continuation.
Entry: Enter after a confirmed breakout or wait for a retest of the broken resistance.
As always, monitor the price action closely, especially on lower timeframes for additional confirmation.
The Silver market is at a critical juncture, testing a key resistance zone. Recommended strategies focus on selling at resistance and buying on retracements or breakouts. While Silver continues to show strength, a technical correction could offer a favorable buying opportunity at lower levels, with the potential to profit from the continuation of the overall bullish trend.
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 31.63082$
Wish you good luck in trading to you all!
Silver could drop from resistanceAfter bouncing off the 28 support zone and breaking above the falling trend line, Silver continued its upward momentum, reaching key resistance around the 32 level.
Now, the price has begun to pull back, signaling a potential correction.
The 30 level stands as a crucial support to watch, with an interim support at 31.
XAGUSD Short term correction Shirt term correction small range of SL.I do not expect a more serious drop, but Jesus may have started a correction in the time frame. We will follow carefully.
XAGUSD. Trading opportunityHello traders and investors!
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The buyer's vector 8-9 has reached the target of 31.755 (see the previous post). There are no signs of a reversal yet to indicate the realization of the seller's vector 9-10, with a potential target of 26.471.
4H Timeframe Analysis
On the 4-hour timeframe, the price has formed a sideways range below the level of 31.755. The upper boundary is 31.4335, and the lower boundary is 29.7085.
Currently, the buyer has broken through the upper boundary of the range. If the buyer defends the 31.4335 – 31.755 range, it is possible to look for buying opportunities, with a potential target of 32.5185.
Good luck with your trading and investments!
Silver London session ideaThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low.
When entry is activated SL will be below or above the 30 minute candle.
SILVER Move Down Ahead! Sell!
Hello,Traders!
SILVER shot up sharply
But the price has almost
Hit a horizontal resistance
Level of 32.56$ from where
We will be expecting a
Local bearish correction
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Elliott Wave Expects Silver (XAGUSD) to Continue Bullish moveSilver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in wave ((ii)) ended at 29.68. The metal has resumed higher in wave ((iii)). Up from wave ((ii)), wave i ended at 30.27 and pullback in wave ii ended at 29.89. The metal extended higher in wave iii towards 31.29 and wave iv pullback ended at 30.60. Final wave v higher ended at 31.43 which completed wave (i) in higher degree.
Pullback in wave (ii) ended at 30.34 with internal subdivision as a zigzag structure. Down from wave (i), wave a ended at 30.88 and wave b rally ended at 31.34. The metal then extended lower in wave c towards 30.34 which completed wave (ii) in higher degree. The metal has turned higher again in wave (iii). Up from wave (ii), wave i ended at 31.01 and wave ii pullback ended at 30.61. Expect wave iii to end soon, then it should pullback in wave iv to correct cycle from 9.23.2024 low in 3, 7, 11 swing before it resumes higher again. Near term, as far as pivot at 29.68 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
