SILVER Going in for a buy as price is losing momentum and should bounce off the bottom trend line (that's acting as support) and will head to the top as it's formed a flag. PLEASE NOTE: this is a risky trade, and I have capital to play with.
SILVER has formed a head and shoulders which could mean a bearish pull down...however, price is still moving in a bullish pattern (although it's behaving in a range type of way) It's going to funnel again and reach a breakout point, I think it will be a bullish breakout due to it developing a flag pattern. Let's wait and see....
SILVER is consolidating around $36.15–36.60, resting on bullish medium-term structure. A breakout above $36.60–37.00 could propel it toward $37.30+, while dipping below $36.00 risks a slide to $35.00–35.20
XAGUSD Dear Market Hustlers & Chart Whisperers, 🕵️♂️💼📉💰 Step into the shadows with our stealth plan based on our signature Thief Trading Style—a mix of smart technicals and crafty fundamentals. Today, we’re eyeing XAG/USD (Silver) for a clean sweep. Here's how to gear up for the breakout job:
🎯 Entry Zone — “The Heist Is On!” 💥 📍Key Level: Break & Retest above 37.000 – that's your cue to act. 🔑Strategy: Buy Stop Orders: Set above the breakout level Buy Limit Orders: Use recent 15/30M swings for a sneaky pullback entry 🎯
🛑 Stop Loss — “Every Thief Has a Backup Plan” 🎭 Place your SL like a pro, not a panic button! 📌Recommended: Around 35.660 using the 4H nearest candle wick swing low place after the breakout entry. ⚠️Tip: Adjust based on your risk appetite, lot size, and number of entries. You’re the mastermind, not a minion.
🎯 Target — “Escape Route” 🏃♂️💸 📌 First checkpoint: 38.800 📌 Or take your loot early if the heat rises! (Overbought zones, trend traps, or reversal zones)
SILVER (XAG/USD) is trading at $32.36 with a neutral sentiment and 0.00% predicted change. Long-term forecast suggests a potential rise to $37.88 in 5 years.
SILVER is currently in a bearish trend, trading around $31-$32 with potential support at $31.25 and resistance at $33.50. A break below $31.25 could lead to further declines, while a break above $35 could push prices to $48-$50.