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XAGUSD trade ideas

SILVER (XAGUSD): Bullish AccumulationAfter a significant price increase last week, Silver is now in a consolidation phase. An ascending triangle pattern is forming on the intraday chart, suggesting potential bullish accumulation. The neckline of this pattern is currently being tested. I believe that a bullish breakout, specifically with a 2-hour candle closing above 34.35, will trigger further upward momentum. This could lead Silver to reach 31.80 and possibly challenge the all-time high resistance level. Conversely, a bearish breakout below the triangle trend line could indicate a strong downward move.
TVC:SILVERLong
by NovaFX23
4
SILVER (XAGUSD): Bullish Accumulation?!Following a strong increase in price last week, Silver has now paused its growth and is in a consolidation phase. An ascending triangle pattern is forming on the intraday chart, indicating a potential bullish accumulation. The neckline of the pattern is currently being tested. I am confident that a bullish breakout, specifically a 2-hour candle closing above 34.35, will lead to further upward movement. There is potential for Silver to reach 31.80 and possibly test the all-time high resistance level. On the other hand, a bearish breakout below the triangle trend line could signal a strong downward movement.
TVC:SILVERLong
by linofx1
XAGUSD BULLISHI strongly believe silver is set for a major rally in the coming months. To begin, I'm entering this swing trade with 12 key arguments I've identified, where 90% are bullish and only one is bearish. Bullish Arguments: Monthly PCH being disrespected Monthly PCL being disrespected Weekly swing low not respected Weekly Bullish FVG being respected Daily Bullish FVG being strongly respected Daily swing low not respected 4H Bullish FVG being respected 4H swing low disrespected 4H swing high disrespected Bearish Argument: Daily swing high being respected Trade Management: Stop Loss at yesterday’s low ($29.70) since a rejection would signal a continuation into the daily FVG, giving us a better entry. Take Profit at the swing high or near buy-side liquidity to lock in profits without being greedy. Risk/Reward Ratio: 4.69 Risk: 2%
FX:XAGUSDLong
by Jaytradermb
Silver's Breakout Imminent: Fed Rate Cut Sparks MomentumThe Federal Reserve's interest rate cut paves the way for silver's potential breakout. Historically, decreasing interest rates have driven precious metal prices higher. Technically, silver's false breakdown below the channel's lower bound, followed by a potential breakout above the upper bound, suggests a strong move towards the $50 highs. Silver's diverse industrial applications – including electronics, solar panels, medical equipment, and renewable energy technologies – position it for increased demand amid the global shift towards sustainable infrastructure. This potent combination of monetary policy and industrial demand could propel silver's upward momentum.
OANDA:XAGUSDLong
by ttp112358
KOG's RED BOXES - SILVERSILVER: Key level here is 29.63 with the bias being bullish above. Retracement needed with support just below at the red box which will need to break to go lower. Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAGUSD
by KnightsofGold
Silver May Have Space to the UpsideGold has been rallying to new highs recently, and now some traders may think silver can play catch up. The first pattern on today’s chart is the pair of converging lines this year. Notice how XAGUSD has been pushing against the upper line since Friday. That may be viewed as the start of a breakout. Second, prices held a peak from late August. Old resistance becoming new support is also consistent with a potential uptrend. Next, MACD has turned positive. Prices are also near their rising 100-day simple moving average. Those may suggest bullishness in the short- and longer terms. Speaking of the longer term, the second chart with two-week candles shows the white metal over the last 15 years. Notice how it’s recently consolidated above its 2023 peak and is now challenging resistance from 2020 and 2021. Traders may also notice the long-term peaks near 50 back in 2011. Could there be moves toward those old levels? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
OANDA:XAGUSD
by TradeStation
Silver pushing up against resistanceGold was trading below $2,570 ahead of the Fed’s announcement. It topped $2,600 to hit a new intra-day record on news of the 50 basis point cut (bps) before reversing sharply and breaking below $2,550. Since then, it appears to have found a floor and has been pushing higher throughout the morning. Silver has traded in a similar, yet more volatile, pattern. The main difference between the two is that silver managed to exceed its post-Fed high today, while gold has not. The 50 bps cut was the high end of expectations. Prices of all risk assets swung wildly on the news, and it’s only since the Asian Pacific session got going that this steady upside move became established. The rate reduction has been dollar-negative, and so good for assets priced in dollars. Risk assets are also getting a boost from the FOMC’s quarterly Summary of Economic Projections which forecasts an additional 50 bps of cuts before the year-end. But yesterday’s volatility in the wake of the announcement should provide a warning. Prices rarely go up or down in a straight line for very long. Gold is in uncharted territory, so picking new levels of resistance relies on projections which have yet to be tested. But silver is currently pushing up against prior resistance around $31.35, with $32 beyond that. The next few sessions could prove to be a big test for the metal, which could see bullish sentiment take a hit on another significant pull-back.
TRADENATION:XAGUSD
by TradeNation
Silver 1D Short Trade : Retracement After Bullish MomentumAfter observing strong bullish momentum in silver over the past few days, the recent price action suggests the potential for a retracement. This setup is based on the daily chart, indicating that silver might be approaching a temporary peak. The anticipated move is towards the 29.800-29.600 area. The trade is not intended to be short-term but rather based on a daily timeframe, which could span several days or even weeks. The key signal for this trade will be if today’s daily candle closes bearish, confirming the weakening bullish momentum and setting up a favorable short trade. Trade Setup: • Entry: Anticipated upon confirmation of a bearish daily close. • Target: A retracement towards the 29.800-29.600 area. • Stop-Loss: A tight stop-loss has been placed to manage risk. This will be adjusted as the trade progresses based on daily price action. Risk Management: Since this is a trade based on the daily timeframe, it’s important to manage the position with the understanding that the trade may take time to develop. The stop-loss is placed tightly to protect against any sudden reversals, but as the trade progresses, it will be adjusted accordingly. This strategy allows for dynamic risk management, where profits can be secured incrementally if the market moves in our favor. This trade idea is built on the expectation of a cooling down period after recent bullish activity. The key will be the daily close, and traders should be prepared to adjust positions based on evolving market conditions. Stay patient, manage your risk carefully, and let’s see how this trade unfolds. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:SILVERShort
by AR33_