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Silver / U.S. Dollar (per 0.1)Silver / U.S. Dollar (per 0.1)Silver / U.S. Dollar (per 0.1)

Silver / U.S. Dollar (per 0.1)

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XAGUSD01 trade ideas

Silver (XAG/USD) Testing Long-Term Trendline SupportChart Analysis: Silver prices are approaching a key rising trendline (black) that has supported the market throughout 2024. This level could provide a pivotal point for the next directional move. 1️⃣ Rising Trendline Support: The trendline, drawn from the January 2024 low, has consistently acted as support. Silver is currently testing this level around $30.39, which aligns with a potential decision zone. 2️⃣ Moving Averages: 50-day SMA (blue): Price has slipped below the 50-day SMA at $31.64, suggesting near-term bearish pressure. 200-day SMA (red): The longer-term trend remains intact, with the 200-day SMA rising steadily near $29.57. 3️⃣ Momentum Indicators: RSI: Hovering at 42, showing weakening momentum but not yet oversold. Traders may monitor for divergence signals. MACD: The MACD line is below zero, with a slight bearish crossover forming, reinforcing a cautious outlook. What to Watch: A decisive move below the rising trendline could bring the 200-day SMA ($29.57) into focus as the next key support. On the other hand, a bounce from this trendline might signal renewed bullish momentum, with resistance likely at the 50-day SMA ($31.64). RSI and MACD movements could offer early clues for price direction. Silver is at a technical crossroads as it tests critical long-term trendline support. Traders will be watching closely for confirmation of the next move. -MW
FOREXCOM:XAGUSD
by FOREXcom
1
SILVER Will Go Up! Buy! Take a look at our analysis for SILVER. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 30.270. The above observations make me that the market will inevitably achieve 31.022 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDLong
by SignalProvider
1
XAGUSD Sell IdeaXAG/USD - Sell Limit Opportunity After Liquidity Sweep Silver (XAG/USD) has reached a key liquidity zone above resistance, presenting a strategic sell limit opportunity. The price action indicates a potential reversal as the market absorbs buying pressure in this area. Key Observations: Liquidity Sweep: Price action spiked above a significant resistance level, triggering stop-losses and trapping buyers. Market Structure: Bearish signs are emerging as the price struggles to maintain momentum above the liquidity zone. Optimal Entry: A sell limit placed at aligns with the liquidity grab and anticipated reversal. Trade Plan: Entry: Sell limit at , positioned to capitalize on a rejection from the liquidity zone. Stop Loss: Above the liquidity sweep to account for volatility. Take Profit: Targeting support levels at for a strong risk-reward ratio. Risk Management: This trade setup leverages the liquidity grab for a high-probability reversal, but disciplined risk management remains essential. Monitor price action for confirmation of bearish momentum before scaling into the position.
OANDA:XAGUSDShort
by Vusizwe_Capital
SILVER: Exponential Scaling 1.618^1/4Expansion based on 1.618 from lowest - Rate of Progression 1 in Exponential Grid indicator: This suggests the market structure for Silver has strong Fibonacci-based tendencies aligning with natural growth patterns. Exponential scaling using a constant phi (1.618) raised to the 0.25 power exponent. This adjustment results in finer granularity while maintaining the underlying fractal structure. It smooths out the expansions to capture intermediate cycles more effectively.
TVC:SILVER
by fract
Silver Surge: Master Price Action for Explosive TradesFXOPEN:XAGUSD AlexGoldHunter Technical Analysis Using Price Action Techniques Key Levels and Patterns Support Levels: Current Support: 30.5314 Lower Support: Around 29.5000 Resistance Levels: Current Resistance: 31.3102 Swing High: Around 32.0000 Strong High: Around 32.5000 Fibonacci Retracement Levels: 0.786: 31.8839374 0.705: 31.714095 0.618: 31.5385462 0.5: 31.29595 0.382: 31.0535386 Order Blocks (OB): Specific OB levels are not provided, but they are marked on the chart. Fair Value Gap (FVG): Specific FVG levels are not provided, but they are marked on the chart. Change of Character (ChoCH): Multiple ChoCH points indicate shifts in market sentiment. Break of Structure (BOS): Multiple BOS points indicate significant changes in market structure, suggesting potential trend reversals or continuations. Buy Strategy Entry: Look for a bullish reversal signal near the support level at 30.5314 or within the FVG zone. Confirmation with a bullish candlestick pattern (e.g., engulfing, hammer) near the support level or FVG. Stop Loss: Place below the recent swing low or below the support level at 30.5314. Take Profit: Initial target at the previous high (31.1978 - p1D High). Further targets at 31.3102 (current resistance) and 31.5385462 (0.618 Fibonacci level). Sell Strategy Entry: Look for a bearish reversal signal near the resistance level at 31.3102 or within the OB zone. Confirmation with a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near the resistance level or OB. Stop Loss: Place above the recent swing high or above the resistance level at 31.3102. Take Profit: Initial target at the support level at 30.5314. Further targets at 30.0000 (psychological level) and 29.5000 (next support level). By using these price action techniques, you can identify potential buy and sell opportunities based on key support and resistance levels, trend analysis, and indicator confirmation. Remember to practice good risk management and stay updated with market conditions. Happy trading! 📈📉 Follow @Alexgoldhunter for more strategic ideas and minds
TVC:SILVERLong
by Alexgoldhunter