SILVER - near to his resistance? what's next??#SILVER.. market just near to his today resistance area 28.23 keep close that area because if market holds then drop expected from here.
dont be lazy here.
good luck
trade wisely
XAGUSDG trade ideas
SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 28.29866$
Wish you good luck in trading to you all!
Silver too good to be true!! Target of 636!!!!Look at this pattern. Looks like a cup and handle no? Well, it has a target of 636 if it plays out. Silver already touched the 0.5 fib. Now just kick back and relax.
SILVER Is Very Bearish! Sell!
Take a look at our analysis for SILVER.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 28.317.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 28.052 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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SILVER'S TIME to TAKE BREATHER Fundamentals:
Bricks buying and geopolitical tensions have kept Gold price elevated pulling up the silver price with it. I believe the Bricks meeting this Sept to be a selling event given that all of the purchase goals (for now) will be met by the meeting. Gold is the stronger of the two metals. I am leaning short Gold but I think silver has more downside potential given recessionary woes (industrial applications).
Seasonal and Election: Looking back Sept-Oct are typically down months for metals.
Technicals: The price is now up against heavy supply zone and major $30 psychological level.
There is a head and shoulders pattern (4r) forming inside of a much larger head and shoulders pattern (2day) (See previous post). At the moment the price has failed to pop back up above the 4hr MA. It may recover. However, I will be selling into strength inside of the the supply zone with a stop on a 2day close above the $30.50 level.
Fed Thoughts: The market has all but priced in a rate cut at this point. Every movement this year has been predicated on them (despite never materializing). I am of the belief that the cut itself will be a selling event regardless of whether or not we get a short lived rally.
Expression: Given that I am skeptical on equities and bearish Silver I will be shorting SILJ given that it has a history of outperforming to the downside on Silver draw downs. In addition, the upside/risk is limited (as much as it can be haha). Major funds are not investing in juniors. They have and will put capital into majors like GOLD and NEM if metals continue to push higher. In addition, miners are not experiencing the upward pressure that Gold and Silver have because central banks and foreign buyers (the reason for the rally in metals) are NOT buying miners, they are buying physical metal. PAAS is also a strong short candidate. It is a basket case (major earnings miss) and will outperform to the downside.
Short SilverSilver broke the low and I think it will fall lower up to next resistance level.
The only problem which I see is what is stop loss level because it is already too far from last swing.
SILVER - NEW BREAKOUT !Hello Traders !
The SILVER price failed to create a new higher high.
Currently, The last higher low is broken !
So, I expect a bearish move📉
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TARGET: 27.56800🎯
SILVER My Opinion! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 28.352pivot level.
Bias - Bullish
My Stop Loss - 27.917
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 29.195
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
SILVER: Local Correction Ahead! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 28.03680$
Wish you good luck in trading to you all!
XAGUSD / TRADING BELOW FVG - 4HXAGUSD / 4H TIME FRAME
The market trend is largely bearish, with the price staying below the turning level of 29.98, indicating a potential drop to the support level (1) at 28.11, and possibly further to the next target at 27.18. However, if the price breaks through the bounce level, it may shift upward toward the resistance level (1) at 29.51. To confirm a bullish trend, the price must break through this resistance and stabilize above it, aiming for 30.48 .
KEY LEVELS :
TURNING LEVEL : 29.98
RESISTANCE LEVELS : 29.51 , 30.48
SUPPORT LEVELS : 28.11 , 27.18
XAG/USD Analysis: Bulls May Target $30 AgainXAG/USD Analysis: Bulls May Target $30 Again
As the XAG/USD chart indicates today, the price of silver has dropped by over 5% in the past week. Bearish signs are also evident in the price of gold. According to Reuters, market participants are focusing on a series of economic data set to be released this week, which could influence expectations regarding a potential rate cut at the Federal Reserve’s September meeting.
Could the price of silver continue to decline? Technical analysis of the XAG/USD chart shows that since late May, the price of silver has been forming a structure resembling a fan of three expanding lines, marked in red.
Bullish Arguments:
→ The price has broken through the red median line and moved into the upper half of the fan.
→ The price is near the bullish breakout level of the median line, which may provide support.
→ On 2-3 September, the bearish momentum slowed down, indicating potential support, which could be strengthened by the lower boundary of the rising blue channel.
→ The price is at the 50% level of the bullish A→H impulse.
Bearish Arguments:
→ Near the psychological level of $30 per ounce, a bearish head and shoulders (H&S) pattern has formed on the chart, although the potential from the neckline break has almost been exhausted.
Therefore, it is possible that the bulls may try to regain control and make a new attempt to push the price towards the $30 level. Whether this scenario plays out will largely depend on the fundamental backdrop. On Friday, 6 September, at 15:30 GMT+3, US labour market data will be released – this event could have a significant impact on the price of silver.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAGUSD - Silver will go below 28 dollars?!Silver has been below the EMA200 and EMA50 in the 4H timeframe and has exited its ascending channel
If the downward movement continues and silver is placed in the specified demand zone, we can look for silver buying situations
Silver's upward correction will provide us with new sell positions with appropriate risk-reward
Could this be the case??This is what I see on the charts, and this is what I will follow unless I get a different count and pattern.
XAGUSD | 03.09.2024BUY 28.400 | STOP 26.400 | TAKE 31.000 | On the daily chart there is an upward trend, which includes the development of local growth. The correction has now completed. If the assumption is correct, then the XAGUSD pair will rise to the area of 30.800 - 31.200. The critical stop loss level for this scenario is 26.400.
SILVER Will Go Down! Sell!
Hello,Traders!
SILVER made a bearish
Breakout of the key
Horizontal level of 29.00$
And the breakout is confimred
So after a potential pullback
To retest the new resistance
Above we will be expecting
A further bearish continuation
Sell!
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Check out other forecasts below too!
Silver Daily Demand Zone buying opportunitySilver is approaching a daily demand zone at the .618 fib level. Wait for confirmation with whatever strategy you use. If you want a better R/R, I would wait for price to enter the demand zone and switch to the 1HR time frame and wait for a break of structure to the upside to go long. Note that the entry price and stop loss will be different from the one on this chart if you decide to do this. If price starts going in your favor a good amount, move your stop loss to break even or trail it. Remember we're trying to protect and grow are capital.
Silver 30M Triangle - Asia/Oceania Tues 3 Sept. 24
I saw this triangle develop of the 30m chart for Silver.
Price appears to be breaking down from Triangle.
Silver / U.S. Dollar - [XAGUSD]Price Action
Trend: There has been a general uptrend from mid-March to May, followed by a downtrend. Currently, the price seems to be consolidating, possibly indicating a period of indecision.
Support: The recent low near $27.50 could act as a support level.
Resistance: The recent high around $30.50 could act as a resistance level.
Bollinger Bands
Upper Band: The price reached the upper band in July and started to decline.
Middle Band (SMA): The price is currently at the middle band, which often acts as a dynamic support/resistance. The middle band is close to the current price, suggesting it is a crucial level.
Lower Band: The lower band is around $27.00, which could be another support level if the price continues to drop.
Volume
Volume Analysis: There was significant volume during the uptrend in March-May, which supported the upward movement. However, the volume has decreased in the recent consolidation phase, suggesting that the market might be waiting for a catalyst to move decisively in either direction.
Key Technical Indicators
Bollinger Bands: The bands are narrowing, which often indicates that a period of low volatility might be followed by a breakout.
Volume: Decreasing volume during the consolidation suggests that the current phase might be temporary, and a stronger move might be forthcoming.
Conclusion
Neutral to Bearish: The price is at a critical level near the middle Bollinger Band. A break below this could lead to a move toward the lower band around $27.00. If the price can hold above the middle band and break above the recent resistance of $30.50, it could signal a bullish continuation.
SILVER BEARISH BREAKOUT|SHORT|
✅SILVER is going down now
And the price broke the key
Horizontal level of 29.00$
Which is now a resistance
So we are locally bearish biased
And we will be expecting a
Further move down
SHORT🔥
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SILVER LONG FROM SUPPORT
Hello, Friends!
SILVER pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 29.309 area.
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SILVER: Market Is Looking Up! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 28.92219$
Wish you good luck in trading to you all!
XAGUSD View!* Spot gold
GOLD
was flat at $2,502.89 per ounce, as of 0015 GMT after hitting a session low of $2,494.15 on Friday. However, bullion registered a monthly gain in August.
* U.S. gold futures
GOLD
rose 0.3% to $2,535.00.
* Data on Friday showed that U.S. consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Fed this month. The personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June.
Silver broken trendlineBroken trendline on XAGUSD, looking for a short entry now. Expecting a small pullback to the resistance (previous support) around 29.
Target 27.25.
