XAGUSDG trade ideas
Silver H4 | Falling to overlap supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 29.85 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 29.33 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 30.68 which is an overlap retracement.
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Bullish bounce off overlap support?The Silver (XAG/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 29.97
1st Support: 28.81
1st Resistance: 32.08
Risk Warning:
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.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAG/USD 2-Hour Chart Analysis: Buy OpportunityA bullish CHoCH (Change of Character) pattern has been observed in XAG/USD after several BOSES (Break Of Structures) indicating a potential trend reversal from downward to upward.
A valid Order Block has been identified, and the current price is slightly above it. The market is attempting to fill the Fair Value Gap (FVG), presenting a buying opportunity.
Buy Entry: 29.3500
S.L: 28.7000
TP1: 29.7500
TP2: 30.1500
TP3: 30.5000
TP4: 30.9000
Technical Analysis Update: XAGUSD Poised for a Breakout?
Attention traders, it’s time to keep your eyes on the charts! Based on my analysis, Silver is showing a symmetrical triangle pattern forming on the daily chart—a classic indicator of potential volatility and a strong breakout on the horizon.
📊 Quick Overview as of Today:
Last Close Price: $30.3842
Day Change: +$0.0248
Day Change Percentage: +0.08%
While patterns like this suggest significant moves ahead, remember that technical analysis is only part of the equation. Dive into your own research and confirm your strategies—after all, a well-informed trader is a successful one.
For those exploring a store of value, why not take a closer look at Silver? Historically, it’s been a reliable hedge and an asset that holds its weight (pun intended) in uncertain times.
Let’s stay sharp and ready for what the charts reveal next! 📈
Trade wisely and stay disciplined!
~ Jeremy Flanagan
Bearish drop off overlap resistance?XAG/USD has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 30.69
Why we like it:
There is an overlap resistance level.
Stop loss: 31.40
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 29.88
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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SILVERThe silver market has been experiencing a bullish trend this week, driven by safe-haven demand and a strong industrial outlook. As of January 10, 2025, the live silver price is around $30.644 per ounce, with a more increase in coming week if it break the supply roof .
Several factors are contributing to the silver market's upward momentum. The Silver Institute reports that global industrial demand is on track for a record high in 2025, driven by the growing use of silver in solar energy production, electrical switches, and other industrial applications .
XAG/USD Daily AnalysisSilver began to sell off around the 23rd October 2024 where it made its high for the year at $34.85
Since then, price has begun to decline in the form of a triangle.
With price approaching the top of the triangle (resistance). Watch price for a rejection or a breakout, to potentially sell or buy respectively if an opportunity meets your strategy rules.
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 28.676.
✅LIKE AND COMMENT MY IDEAS✅
Silver next possible moveBefore upper trendline support is broken expect market to respect trendline support am expecting market to react.in that zone n continue to trade inside parallel line,however 21 January is the day of buying more silver soo this coming week a breakout to the upside or considering to the down side toward 27........... but note that am expecting big growth for gold n silver this year,for now silver it's still on pull back and we are looking forward to take long trades 2025 I wish you all the best,I will give 3 more entries in stock market coming weeks.
Bearish reversal off overlap resistance?The Silver (XAG/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 30.70
1st Support: 29.81
1st Resistance: 31.41
Risk Warning:
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.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAGUSD I have changed my view to bullishThe Daily Price action have now moved above the 200 daily SMA. Contrary to my previous view I think the Trend has now Bent and my previous short setup has now been stopped out. Looking to long this pair now on the 4hour time frame on a double bottom and a neckline break and retest. Lets see how it works..
XAGUSD New year LongSilver has been lingering around this big support area for a couple of days now and i feel to aid the next leg down we need to follow DOL on the sell side around $31. This coincides with trend line resistance, fib 0.5 and a nice W shape pattern.
I feel around this area will hold the liquidity for the next move back down to our macro channel and FVG daily at around $25.
This is just my take on the chart so do your own due diligence.
Lets make 2025 more profitable than 2024.
Good luck.
Thoughts and insight are welcome.
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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