XAGUSD trade ideas
SILVER to the MOONI anticipate quite a retracement in coming days, followed by a bullish ride to breakout of the W Channel.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
SILVER Will Go Lower! 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 29.041.
Considering the today's price action, probabilities will be high to see a movement to 27.071.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SILVER to target 27.7 then 31.2 On the daily chart, SILVER is preparing to cross the resistance level at 23.9 - 24, then the target will be 27.7 (estimated 2 months)
After crossing 28, the next target will be 31.2
MACD and RSI are supporting this view.
Stop loss 23 should be considered.
SILVER BEARISH SETUP|SHORT|
✅SILVER is going up now
But a strong resistance level is ahead at 29.00$
Thus I am expecting a pullback
And a move down towards the target at 28.40$
SHORT🔥
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SILVER Strong Resistance Ahead! Sell!
Hello,Traders!
SILVER keeps growing
But a strong horizontal
Resistance around 29.00$
Is ahead so after the retest
We will be expecting a local
Bearish correction
Sell!
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Check out other forecasts below too!
SILVER (XAGUSD): Bullish Outlook & BreakoutSilver had been trading within a tight range on a 4-hour chart, but following the release of new fundamental data, there was a significant price surge that surpassed both its resistance level and a strong upward trend line.
These broken levels have now created a larger area of heightened demand. I intend to go long from this point, anticipating that the bullish trend will persist and reach the 28.94 resistance level.
Silver XAG USD about break-out Lower Timeframe bulllish W/Bott.XAGUSD_2024-08-16_22-30-17_4c366.png
Silver XAGUSD has been drifting downward in price action the past 15 hours or so on the 4HR timeframe in a falling wedge. It has recently fallen out of this falling wedge on 4hr and is turning to bullish to catch up to the Gold Price which is very strong today so far.
XAG/USD in 30mI will buy
because:
1. double tap/ rejection
2. blue over red SMA/ Reject the red line
3. Reject 0.382 FIB
4. Market Structure
5. Bullish Candle pattern
Buy opportunityThe pair presents an enticing Buy opportunity at the price of 27.842, with favorable potential for profit.
Targets:
Primary Target: 29.190
Secondary Target:30.110
Breakout Scenario:
In the event of a breach above the Support level of 28.550, indicative of a bearish breakout, the target price is anticipated to ascend towards 27.000.
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.
XAGUSD LOOKING FOR LONG INTRADAYH4 MS is bullish so i would like to see price RTO to Breaker Block with out braking 27.755 low to continue long direction. If price close below 27.755 idea not valid.
So FAR target 29.221 by IC MARKETS.
Silver H4 | Falling to 61.8% Fibonacci supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 27.24 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 26.20 which is a level that lies underneath a pullback support.
Take profit is at 28.54 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
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Silver – the erratic cousin of goldSome say CAPITALCOM:GOLD and CAPITALCOM:SILVER move in tandem, but with CAPITALCOM:SILVER being more unpredictable and even more volatile than $CAPITALCOM:GOLD. That is generally true. However, sometimes they divert. I believe that is the case now. Yes, the Gold Silver Ratio is slightly up recently, but the trend of CAPITALCOM:SILVER is down. For CAPITALCOM:GOLD it is up (see my analysis of CAPITALCOM:GOLD ). Downward channel on the 4H last month, keeping below its 100 EMA, and after few days of upwards movement it is due for a return to the channel bottom. RSI is flat at 51, MACD is positive but declining. CAPITALCOM:SILVER is highly unpredictable and can move a lot basically without any reason. So be careful. I believe we will see CAPITALCOM:SILVER move towards $26 which is the low from May. Handle with care, that being said, CAPITALCOM:SILVER is excellent for scalping due to its volatility. Keep in mind though, this works both ways.
SILVER: Expecting Bearish Movement! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell SILVER.
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Silver and the 2008 great recessionWhat are you really scared of?
Silver actually rocketed over 44% AFTER the recession officially started back in 2008.
Follow the charts, not the fear mongering narratives.
#silver #recessions
Sell XAGUSDSell XAGUSD
what do you think guys?
silver will sell and then BUY at third touch below
comment below please
My idea about SilverAs I see now, the biggest possibility is that we will visit OB and then we can if we can break up or fall down, but I have swing trade where I aim at 35 dollars.
Silver breaking outSilver approached the strong resistance around 28$. Price has been rejected multiple times, but now we can see a strong, tight consolidation building up slightly above the range. I longed some here, will add on a retest.
SILVER BEARS ARE STRONG HERE|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 1H 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 27.619 area.
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XAG/USD in 1H1. rejection
2. bearish trend in Daily
3. Trading Range (MS) Buy low, Sell high
The red line you see above, the price has not been able to break there for four consecutive days.
I hope it won't break today 😀😀
Silver longSilver has currently reached a demand zone, which could provide an opportunity for a rebound. A short-term rally is quite likely. Before opening a trade, it's important to wait for a reasonable structure to form at the range breakout, ensuring a good risk-to-reward ratio (R:R)
Silver to resume !the chart corrected wave 4 in a beautiful w,x,y formation, i expect the prices to resume from here and target new highs , at least 33$ as a first target, the timeframe is not something we can predict.
