XAGUSDG trade ideas
Silver is about to go apeshitBullish Gartley on silver to initiate the 5 wave impulse up on silver. Harmonic patterns and Elliott waves working together
SILVER Will Go Higher! Buy!
Take a look at our analysis 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 27.735.
The above observations make me that the market will inevitably achieve 30.577 level.
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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XAGUSDXAGUSD price is currently near the support zone of 27.26. If the price can still stand above 27.26, it is expected that the price will have a chance to rebound.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
XAGUSD - Bullish TrendXAGUSD is making HH and HL. It may continue its bullish trend as per dow theory.
Impulsive Movement in 15mWith the formation of Yellow 2, I will take a long position.
I have indicated the stop level with a red horizontal line.
If the upward movement continues as we want, I will take profit when Orange 3 appears.
SILVER (XAGUSD): Important Bullish BreakoutSILVER's price broke through a key resistance level on the 4-hour chart, then retested it, forming a bullish flag pattern.
The pattern's structure suggested strong buying pressure, leading to a breakout above the flag's resistance line. This indicates a likely continuation of the bullish trend, with a target price of 28.31
Silver: has an upward sign in the long and mid termTrading Setup:
A Trading Signal is seen in the XAGUSD Silver
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 27.06
⭕️SL @ 25.9
🔵TP1 @ 30.59
🔵TP2 @ 32.24
🔵TP3 @ 34.90
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Xagusd buy tradeHere’s a bullish analysis for XAG/USD on the H4 timeframe:
Technical Indicators
Trendline Breakout: Recently, XAG/USD has broken out of a bullish trendline, indicating potential upward momentum1.
Fibonacci Levels: The price is currently climbing from the pivot level at 24.771, aligning with the 23.6% Fibonacci retracement level1.
Symmetrical Triangle: The price action is forming a symmetrical triangle, and a breakout above the triangle resistance could signal a strong bullish move2.
Key Levels
Resistance: 25.259
Pivot: 24.771
Support: 24.5761
Moving Averages
The 20-period EMA is flat, suggesting a range-bound market. However, a breakout above this level could confirm a bullish trend2.
RSI
The RSI is currently below the 50.00 line, but a move above this level could further support the bullish outlook2.
Conclusion
Based on the current technical setup, XAG/USD shows potential for a bullish move, especially if it can break above the key resistance levels and maintain momentum. Traders should watch for a confirmed breakout and consider entering long positions with appropriate risk management.
Silver - outlook still uncertain for nowGold and silver made significant gains this morning in an otherwise featureless trading session. Both have built on last week’s late recovery. As with other risk assets, gold and silver shot higher on Thursday following the release of a better-than-expected weekly Unemployment Claims number. This helped them to make back losses from earlier in the week following the big ‘risk-off’ move in Monday. Gold is comfortably above $2,400 and not a million miles away from July’s all-time high of $2,483. Meanwhile, silver was up 1.8% in early trade, and just a few cents below $28 per ounce. That’s a promising start to the week for both metals. Gold should pick up buying interest if it goes on to hit a fresh record. But silver really needs to get back above $30 to reignite interest. It remains very oversold, and it’s from positions like this that sharp rallies can develop. Yet there remains a danger that it takes another dip lower and retest support just below $26. But there are some signs that sentiment is improving when looking at the shorter, while less reliable, MACD time periods.
Silver H4 | Approaching pullback resistanceSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 28.15 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 28.90 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 27.21 which is an overlap support.
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Silver is getting ready to make up for the lost time Silver is getting ready to make up for the lost time
Technical Analysis:
During this week the price was accumulating and today Silver breakout
from a bullish wedge pattern.
The volume is growing as it was almost dead during all these days.
The rest of the lower part of the structure made silver undervalued compared to gold
as it seems.
You may find more details in the chart!
Thank you and Good Luck!
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Going for SilverSilver might be primed for a breakout to recent highs here as the Gold/Silver ratio looks stretched at the moment.
Silver in down Channel.Silver currently in a down Channel.
There's a very large silver deficit not many know about, it's used in all productions, and not enough is being mined to supply the world.
A weak USD Dollar and a pick-up in Industrial production from India and China should send Silver towards it's all time highs at $49.
Silver H12 AnalysisSilver has been on the decline since it triple topped at 31.50 in July. There may be another opportunity to sell targeting the 26.20 zone which was support in May this year.
XAG/USD: Awaiting Confirmation for Potential Bullish ReversalHello Everyone,
XAG/USD has been bearish for longer than expected. Currently, the price has hit a fresh 3-month low at $26.434. We are now looking for another confirmation from the 1D Pivot Point (PP) to see if it will continue to act as support, as it has so far. If it does, we could be heading to new highs! Both the Simple Moving Average (SMA) and Exponential Moving Average (EMA) (5-200) confirm this outlook. All we need now is that confirmation, and we’re off to the races!
TradeWithTheTrend3344
Silver Price Forecast: Wave Five Targets $33According to Sabah Equity Research's analysis using Elliott Wave Theory 2.0, silver is poised for an upward trajectory. The recent market movements suggest that wave four's corrective phase has concluded, paving the way for wave five.
Elliott Wave Theory Overview
Elliott Wave Theory is a technical analysis framework used to forecast market trends by identifying recurring patterns in investor behavior. It suggests that markets move in repetitive cycles, consisting of five upward waves followed by three corrective waves.
Current Market Position
Sabah Equity Research indicates that silver has completed its wave four correction. This phase typically involves a sideways or downward movement, allowing the market to consolidate before resuming its upward trend.
Wave Five Projection
As wave five begins, investors should prepare for a potential rise in silver prices. The target is set at $33, driven by renewed investor interest and favorable market conditions. This wave is often characterized by strong momentum and increased buying pressure.
Investment Implications
For investors, this forecast suggests a promising opportunity to capitalize on silver's expected growth. Monitoring market indicators and maintaining a strategic approach could be key to maximizing returns during this phase.
To sum up, with wave four behind us, the path seems clear for silver to advance to $33 as it enters wave five. Investors should remain vigilant and consider adjusting their portfolios to align with this bullish outlook.
silver wedge still bearish pattern, bullish signal if retest 30bull target 34 and 37
but no signal yet since need 30 retest
wedge still bearish pattern without breakout
also double bottom 26.x needed for mini bullish divergence
even with breakout, it still bull trap around 29.2
SILVER Short From Resistance! Sell!
Hello,Traders!
SILVER went up and hit
A horizontal resistance
Of 27.66$ and now we
Are already seeing a
Bearish pullback so we
Will be expecting a
Further move down
Sell!
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Has silver turned the corner?Silver's bullish engulfing candle on Thursday may have marked the end of the corrective phase for the metal, potentially paving the way for a new bull trend.
On Thursday, XAGUSD found strong support from the area around $26.50, where it had taken off in May. It is essential that it now finds some follow-through on the upside.
An ideal scenario for the bulls today would be if we can close above resistance in the $27.60-$28.00 range, with a more significant level seen around $28.65.
Short-term support is seen around $27.26, marking Thursday's high. It is important that silver at the very least holds above this level heading into the close.
By Fawad Razaqzada, market analyst at FOREX.com
