Recap of my todays Silver ID short blowoff in NYAfter 3 stopped trades today i got into a huge ID blowoff to the bottom for Silver. I had identifies that trade already yesterday and it played out nicely into the 3rd hour of the NY session.
XAGUSD trade ideas
Analysis of XAGUSD by the Mallicast TeamThe analysis of silver can continue to align with the previous assessments by the Mallicast team, making it one of the best investment options available. The Mallicast team has predicted that the upward trend in silver will persist, offering a valuable opportunity for investment. Based on recent technical and fundamental analyses, silver is not only recognized as a safe asset against market volatility but also has significant growth potential. Market forecasts and current economic conditions suggest that silver can demonstrate strong resilience against inflation and economic changes. Therefore, for investors seeking high-potential options with reasonable risk, silver could be a suitable and profitable choice.
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Demand Zone
Bullish Channel as an Corrective Pattern in Short Time Frame
Why I Shorted Silver In The Friday Asia Session
This is the 4HR chart for XAGUSD. I can see that price sold off on these 4HR candles and price has tried to retrace a series of times. But I see that price kept making a lower-high with each successive candles.
I did have a Short in Gold but not long ago I booked a profit. It is quite possible that Gold has further to fall especially if the USDX breaks above the 101.50 region which it could now at anytime.
XAGUSD Outlook💹 Commodity:
👁️ Bullish Outlook:
XAGUSD has been breaking into new highs on our Weekly, Daily, and 4hr time frame.
Price is inside our Weekly range, Daily range.
We are currently below the 10 EMA on the 4hr. I'm interested in longs if we can get above the 10ema and start showing strength.
Keeping an eye on this.
SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER went down and
Made a retest of a horizontal
Support level of 29.00$
And as it is a strong level we
Will be expecting a local
Bullish rebound
Buy!
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Silver 4 HR Ready for Expansion Phase4 HR has broken structure and has retraced 80%. We have filled in the fair value gap between 29.136 and 29.17. Looking for a break of structure on the 15 Min to realign with the 4 HR bullish trend so we can go and take out the 4 HR High.
silver longSilver to retest trendline support, hover around a bit until tomorrow US time, market will absorb data from Nvidea and then decide that it really isn't a predicition for anything but how AI is going. People will think, WTF should I buy and Silver will say, "Why not me?"
Follow me for other ridiculous predictions.
The bears are trying to take the lead.We are watching the price closely to see if it stays stable.
If it falls below 22 Aug bears candles (see on the chart) and stays there, it could be a problem. For now, I'm being cautious even though things seem positive overall and even too positive especially in option market.
SILVER - Short from bearish order block !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is a rejection from bearish order block, as well we have hidden divergence and price can form a regular one on lower timeframe.
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Silver's Long term bullish biasUntil the aggregate of market participants show me other wise, the bias is bullish.
Semestrial Chart
#silver #xagusd
Silver struggles at downtrend littered with reversal patternsSilver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for US economy. But with the move stalling ahead of levels where it's struggled in the past, and with major risk events approaching fast, are we on the cusp of yet another bearish reversal?
Silver has rallied 14% from the early August lows
It has been extremely correlated with other industrial metals such as copper over the past month, suggesting it’s more a play on the global economy
Silver rally stalls at downtrend that’s sparked bearish reversals in the past
Overview
Silver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for global US economy. That’s because unlike gold which has been heavily influenced by movements in the US dollar and bond yields, silver has been extremely correlated with copper futures over the past month, another industrial metal closely tied to economic activity.
While concerns have eased recently, we’re about to receive a whole bunch of economic data that could easily see them flare again next week. Perhaps unsurprisingly, silver has struggled to extend the bullish reversal sparked by Jerome Powell’s speech last Friday, wobbling ahead of downtrend resistance dating back to the highs struck this year.
Silver looking at another bearish reversal?
When you look back to see how the silver price has interacted with this level previously, you can’t help but notice it’s littered with evening stars, bearish engulfing candles and key reversals, all notable topping patterns. It doesn’t like it.
With RSI (14) rolling over, warning of waning bullish momentum, I wonder whether we may see a similar outcome soon? Wednesday’s candle, while incomplete, looms as a potential bearish engulfing, while the price is threatening to break out of the rising wedge it’s been in for several weeks.
For those keen to take on the short trade, you could sell now or wait for better levels slightly higher with a stop above Monday’s high for protection. The initial trade target would be $28.77, conditional on the price being able to break the 50-day moving average. If $28.77 were to give way, $28.046 and $27.269 are the next levels to consider.
If the trade moves in your favour, consider lowering your stop to entry level or lower, allowing for a free hit on downside.
-- Written by David Scutt
Buy opportunityThe pair presents an enticing Buy opportunity at the price of 29.500, with favorable potential for profit.
Targets:
Primary Target: 30.124
Secondary Target:31.535
Breakout Scenario:
In the event of a breach above the Support level of 28770, indicative of a bearish breakout, the target price is anticipated to ascend towards 28000.
Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed buy strategy, suggesting upward pressure on the Silver pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Silver Demand Zone BuySilver is coming into our POI demand zone, touching it and pushing up almost instantly.
Price is in a bullish momentum on the HTF
Price is above the 200 MA
Entry was on the LTF when I saw rejection of the 200MA
price has respected the demand zone in previous price action
Lets see if we can get at least 3R for this trade
Happy trading!
SILVER (XAGUSD) : Pullback From Key LevelSilver is likely to drop from a significant daily resistance level.
There are several signs of a potential drop in the short term, including the breaking of a neckline of a double top pattern and a trend line of a rising wedge pattern on a 4-hour timeframe.
The price could soon reach the 29.04 level.
Silver looking toppy as risk events nearSilver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for US economy. That’s because unlike gold which has been heavily influenced by movements in the US dollar and bond yields, silver has been extremely correlated with copper futures over the past month, another industrial metal closely tied to economic activity.
While concerns have eased recently, we’re about to receive a whole bunch of economic data that could easily see them flare again next week. Perhaps unsurprisingly, silver has struggled to extend the bullish reversal sparked by Jerome Powell’s speech last Friday, wobbling ahead of downtrend resistance dating back to the highs struck this year.
When you look back to see how the silver price has interacted with this level previously, you can’t help but notice it’s littered with evening stars, bearish engulfing candles and key reversals, all notable topping patterns. It doesn’t like it.
With RSI (14) rolling over, warning of waning bullish momentum, I wonder whether we may see a similar outcome soon? Wednesday’s candle, while incomplete, looms as a potential bearish engulfing, while the price is threatening to break out of the rising wedge it’s been in for several weeks.
For those keen to take on the short trade, you could sell now with a stop above Monday’s high for protection. The initial trade target would be $28.77, conditional on the price being able to break the 50-day moving average. If $28.77 were to give way, $28.046 and $27.269 are the next levels to consider. If the trade moves in your favour, consider lowering your stop to entry level or below.
Good luck!
DS
Bearish reversal?Silver (XAG/USD) is reacting on the pivot which has been identified as a pullback resistance and could fall to the 1st support which acts as an overlap support.
Pivot: 30.11
1st Support: 29.01
1st Resistance: 30.11
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Short setup Silver: Please see chart.XAGUSD Short setup.
Price is retracing back to the neckline.
I will be shorting this on a bearish cancer or impulsive move with volume
Silver Price is breaking out right now. Silver...
We saw the silver price during Tuesday trading get sucked down by a sell-off in the Gold price due to double-top formation on multiple timeframes.
But actually Silver showed price divergence relative to Gold in that it's price held up quite well. Why would that be? Well the Silver Daily chart is so much healthier for Long positions in comparison to Gold which at last viewing was still littered with double top formations.
Silver recently broke 30.0460. Expected higher prices in NY afternoon trading.
I analyzed silver vs money supply, Is it worth holding?33 is the ceiling for now for silver.
To reach the 2011, we need to see 100-120 per ounce to reflect the current money supply.
55-60 per ounce might seem like new highs, but its not when accounting for the money supply in existence now vs then in 2011.
Significant percentage Dips below the 200 day moving averages are attractive over time.
Taking partial profits along the way in small percentages to reduce risk and reduce cost basis is also attractive.
Goal should be to end up with zero capital at risk and end up with free metal as currency hedge long term.
Aussie Tuesday Session - Buy order soon in Silver
Silver has sold off about 0.25% in early Australian trading.
I will have another buy order into Silver very soon...
Basically, the selling has been ignited due to Double Tops forming across timeframes right through to the 4HR because price action was stalling in the New York rally in getting over the 30 level again for the 2nd time during the Monday session.
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 15H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 28.518 area.
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