XAGUSD01 trade ideas
SILVER Will Go Higher From Support! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 30.244.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.757 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.
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#XAGUSD 2HXAGUSD (2H Timeframe) Analysis
Market Structure:
The price has broken above a key resistance level, which is now acting as support. This change in role indicates potential bullish momentum, with buyers likely to dominate if the level holds.
Forecast:
A buy opportunity is expected as the price respects the new support level, confirming the breakout and signaling further upward movement.
Key Levels to Watch:
Entry Zone: Near the support level after confirmation that the price is holding above it.
Risk Management:
Stop Loss: Placed below the support level to limit downside risk.
Take Profit: Target the next resistance levels or Fibonacci extensions for potential upside movement.
Market Sentiment:
The transition of resistance into support reflects strengthening buying interest, favoring upward continuation as long as the support holds.
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 29.85
1st Support: 29.50
1st Resistance: 30.70
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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XAG/USD (Silver) Wedge BreakoutThe XAG/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Wedge After Confirmation.
Target Levels:
1st Support – 29.42
2nd Support – 29.04
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XAGUSD SELL OR BUY BIAS For me XAGUSD is gonna go deep because is at a very significant zone if you use the Daily TF to check And it will surely react to that and also it moves just like good , so is a short for me
Evening Star canddle Bearish SignHello,
Evening Star patterns appear at the top of the uptrend and signal that the uptrend is going to reverse to a downtrend
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER is trading in a local
Uptrend and the price is
Consolidating above the
The horizontal support
Level of 29.89$ so we are
Locally bullish biased
And we will be expecting
A further bullish move up
Buy!
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XAGUSD Head and Shoulders pattern.www.tradingview.com
Formed a Head and Shoulder pattern.
We expect that the price will go down for a short period of time.
Plan your Entry and Exit. OANDA:XAGAUD
XAGUSD Long Swing PositionEntry: 29.690
SL: 28.738
Take Profit 1: 31.903
Take Profit 2: 33.222
Take Profit 3: 34.860
Potential Sell-off in Silver.Silver is at the upper end of a potential daily bear flag.
It has been attempting to retest a horizontal structure. We can also see from the red trend line it is currently in a downwards trend.
So long as we don't close above yesterday's high. The path of least resistance is lower.
Silver trend line breaks and it will be bearish (read caption)Hello dear traders and trading view usera I have prepared setup for silver and I want your reviews about it in comment section.
My setup is what is written below read and then share your thoughts about it.
This is a 1-hour price chart for XAG/USD Silver
Trend Line Break : A red ascending trendline is drawn, and the yellow highlight indicates a breakout above this trendline.
Target After Breakout : Following the breakout, the price target is suggested below at approximately $30.00, indicating a potential retracement or price movement downward.
This chart I have made suggests that a breakout has occurred, which you might interpret as a signal for a change in trend.
Kindly support me.
SILVER (XAGUSD): Consolidation is Over! Silver experienced a sudden increase earlier this week, breaking through a resistance line within a horizontal consolidation range on a 4-hour chart.
This could indicate the possibility of continued growth, with the next resistance level to watch being at 31.00.
XAG USD LONG RESULTSilver Price has been in a downtrend for days previously and noticed a Swing pattern few days ago forming a double Bottom pattern. Which I decided to go long after successful breakout of Trendline to this Major Resistance level.
Silver is still in an Uptrend, it's just in a minor consolidation before Bulls Continue.
Silver H4 | Approaching overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 30.67 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 31.10 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 29.79 which is an overlap support.
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$SILVERTimeframe: D
The correction has almost reached our local target. Next, I expect the growth to continue and the global high of 50.00 to be updated.
#SILVER #Trading #Investing #StockMarket #Stocks
Bearish drop?XAG/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 30.16
Why we like it:
There is a pullback resistance level.
Stop loss: 30.68
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 29.53
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SILVERSILVER price reached 30.28 by Newyork session before 4hr correction, AM bullish on silver and it could out perform GOLD soon
Silver is gaining momentumSilver is gaining momentum! A bullish falling wedge dating back to Oct '24 is approaching a breakout—$31 is the key level to watch. 📈 With a bullish MACD cross on the chart, a breakout might not be far off. #Silver #Markets
SILVER POTENTIAL BOUNCE PLAY BUY OPPORTUNITYHey everyone hope you are having an amazing day! I just wanted to come make another post here on this Thanksgiving week here in the States and give some insight to what I see for the commodity Silver! Hope this brings some value and you guys can pull some nuggets from this! Cheers
OK so here is a breakdown based on each timeframe for what I am seeing!!
1W (Weekly) Timeframe:
**price is overall bullish
**price is coming back to a previous area of demand (buyers)
**weekly fib retracement confluence with level
1D (Daily) Timeframe:
**price is coming to previous demand around $29 per ounce
**will be at a extreme discount zone (relevant to current market trend)
**may be in oversold conditions on the RSI tool
4H (Hourly) Timeframe:
**waiting to watch how price momentum from sellers is coming into zone
**waiting for lower timeframe confluence
Hope you guys enjoy this post please boost and follow the page for more analysis and potential setups! Cheers!
Silver analysis Silver Strong Supply area's
This is not financial advice trade and manage your own risk
XAGUSD Scenario 1.1.2025At this moment the market may create an SFP below the low, which could lead to consideration of entering a short, but for now, waiting.
XAGUSD - Long Setting Up 4hrWe have a cross on the AI Trend Navigator on the 4hr chart.
I will now be looking for an entry on the 15 minute chart
