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XAGUSD trade ideas

SILVER Is Going Down! Sell! Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 30.989. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 28.202 level. 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
XAG/USD 01.12.24 FXOPEN:XAGUSD Hello Traders, In the coming week, I anticipate continued bearish momentum. Over the past weeks, the market has been dominated by bears. Currently, we are in a 1-2-3-4-5 move to the upside and transitioning from wave 3 to wave 4. On smaller timeframes, I observe a complex (A)-(B)-(C) correction forming wave 4. From my perspective, we are now in the move from wave (B) to wave (C). Typically, the transition from B to C follows a 1-2-3-4-5 structure, as I’ve illustrated. It may look a bit disorganized, but we should remember that we are dealing with the metals sector. My target for this week or the next is a final push to approximately 29,100. This aligns with the 100% Fibonacci extension of waves 4 to 5. Additionally, this area coincides with the first bullish Fibonacci retracement of the larger wave 4. The volume indicator also highlights significant activity at this level in the past. Keep a close eye on this level!
FXOPEN:XAGUSDShort
by NeptenFX
SILVER Buyers In Panic! SELL! My dear friends, My technical analysis for SILVER is below: The market is trading on 30.622 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 30.343 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
SILVER What Next? SELL! My dear followers, I analysed this chart on SILVER and concluded the following: The market is trading on 30.514 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 30.292 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
MORNING FAM THIS IS MAGIC LINE WITH SILVER ANALYSIS 12/2/2024Without me taking much of your time i think its pretty clear from the Daily chart that we're currently trading at recent support levels that has been giving us some decent move to the UP SIDE and now looking also at the trendline that gold has been respecting for much of this year gold has just touched it giving us double confluence of the same BUY BIAS + aslo considering the GEO POLITICAL SITUATION i think we are going to see it play the safe haven asset along with gold BUY SILVER AT $ 30.00 TP SET AT $34.00 SL AT $29.00 OTHERWISE IF SL HIT SELL AT THE RETEST OF THE TRENDLINE
OANDA:XAGUSDLong
by fidelityforexGroup
1
XAG/USD Analysis: Silver Price Balances at Key SupportXAG/USD Analysis: Silver Price Balances at Key Support As reflected in the XAG/USD chart, the price of silver this morning is trading near $30.2, just above a critical support zone formed by: → The psychological level of $30.00; → The lower boundary of the ascending channel. As indicated by the blue arrows, this lower boundary has consistently provided support, enabling bullish reversals in silver prices throughout 2024. However, the price is currently below the 200-day moving average (MA), which is trending downward. An examination of price action in November reveals a lack of sustained growth following two breaches of the psychological level. As the red arrows illustrate: → On the first occasion, the price encountered resistance near $31.50; → On the second, it failed to rise above $31. This could indicate weak demand, increasing the risk of a bearish breakout below the key support zone, potentially breaking the 2024 uptrend. Meanwhile, analysts remain optimistic, citing strong fundamentals. According to media reports: → ANZ Research analysts forecast silver prices reaching $35.4 in 2025; → JP Morgan analysts predict silver at $36; → Saxo Bank analysts anticipate prices climbing to $40 by 2025. 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.
FXOPEN:XAGUSD
by FXOpen
1
Silver- Could it drop to 28?In my previous analysis of silver, I mentioned the potential for prices to drop below the significant $30 level. This scenario unfolded as expected, with prices dipping to $29.66 before reversing and once again hovering around the $30 mark. This area continues to act as a pivotal point for market sentiment. From a technical perspective, the outlook remains bearish as long as the $31.20 resistance level holds. This level serves as a key threshold, and until it is breached, the strategy should focus on selling into rallies. A decisive break below the $30 level could pave the way for a move toward the next major support around $28. Such a development would align with my broader bearish view when it comes to precious metals
OANDA:XAGUSDShort
by Mihai_Iacob
XAG/USD 29.11.24FXOPEN:XAGUSD Hello Traders, After a long-term analysis of the silver chart, I am fairly confident that this calculation is correct. Following a 12345 setup downward from a larger wave 3, we may have potentially formed an A wave of an ABC correction within the larger wave 4. While A waves can sometimes follow a 12345 pattern, this is less common—especially in the case of silver, where the chart is quite messy. Therefore, I wouldn’t be overly concerned whether the A wave forms an ABC or a 12345 setup. What’s important now is to see a breakout above the last high to confirm the bullish momentum. Once this happens, wave B can be calculated using Fibonacci levels. After wave B is completed, we can proceed to calculate wave C.
FXOPEN:XAGUSDLong
by NeptenFX
1
Incoming 20% crash for Silver ??** A forecast for the months ahead ** On the above 2 week chart price action has enjoyed a historic 60% rally in only 12 months. There’s talk now of a massive rally for higher highs. Is the talk correct? “David Morgan: Silver to US$40 in 2025, Then Blow-off Top in 2026?” And 60% isn’t a blow off top? investingnews.com Technical analysis now supports a number of reasons to consider a bearish outlook in the months ahead. They include: 1) RSI support breakout. 2) Strong bearish divergence. Look left! 3) Bollinger Band curling inwards, a forewarning of buyer exhaustion and imminent trend reversal. 4) Currently a 3 month Gravestone DOJI candle prints. A confirmation at year end would be the green light to trigger strong selling pressure. 5) It is not the expectation of this analyst to see price action selling off until a re-test of the $35 area. This would be an excellent area for profit taking. Is it possible price action continues to print higher highs as is popularly believed? Sure. Is it probable? No. Ww 3 month gravestone DOJI Inverse head and shoulders
CAPITALCOM:SILVER
by without_worries