XAGUSD Bearish BreakoutHead and Shoulders neckline has been broken, signaling a bearish breakout. The price is now heading towards the next support level.
XAGUSD_PER_0.01 trade ideas
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
RSI - Divergence
Break of Structure and Retracement
Resistance Level
Bearish Channel as an Corrective Pattern in Short Time Frame
Silver Head and Shoulders + Supply RejectionThis is a tiny head and shoulders, but I think it is valid. Either way, silver had supply there too for double confirmation we'd see downside after. I also posted an idea earlier about a trend break, it's looking fairly bearish, but has a chance to bounce here, which could lead an extended move back up.
It had a nice bull flag breakout, but has now fallen all the way back to the bottom end of the flag. I'm bearish for now, looking for a trend break and further downside. It has previous lows around $26 that may hold, but if not I'd expect a quick flush down to make a new lower low which would officially end the uptrend it has been in since about Feb of this year.
Silver EW countSilver EW counts TVC:SILVER FXOPEN:XAGUSD MCX:SILVER1! CAPITALCOM:SILVER ACTIVTRADES:SILVER OANDA:XAGUSD FOREXCOM:XAGUSD
Silver elliottwave count
Does silver correct?
Hello my dears
We are at your service with silver analysis. In the drawn diagram, we considered 3 goals that there is a possibility of seeing these goals in the future.
There are 9 black dotted lines that are placed as resistance in the way of candles. We want to check the reaction of silver price when reaching these diagonal resistance levels.
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$SILVER long ideaSilver might find a floor in the upcoming days! I will be watching the next support levels for that!
Silver / US . DollarHey traders
We have a silver set up here buy limit, I am hoping it will push up a little from this support level, all details down below.
Kindly please like follow and comment be a great help thanks
Entry 29.00000
Sl 28.65984
Tp 30.50000
This chart material is for educational purposes only / Demo account should be traded only
Silver is at its crucial level of support Silver price is in the lower band of bullish flag pattern, I do not understand the reason for falling of gold and silver it's only bull trapping going on what I feel, silver will definitely be very bullish in the coming days, I am buying and holding from here now.
SILVER Is Bearish! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 29.051.
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 27.611 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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XAGUSD double top patternOn the daily chart, XAGUSD formed a double top pattern, and the bearish trend is dominant. At present, we can pay attention to the resistance near the neckline of 28.56. If the rebound is blocked, we can consider shorting, and the downward target is around 26.00.
SILVER ( XAGUSD ) Support Breakout At $28.526 25.07.2024- XAGUSD support breakout at $28.526 on the 4HR chart.
- If confirmed, targets are $27.442 and $26.064.
- If breakout fails, potential resistance targets are $29.378 and $30.047.
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Disclaimer
Silver potential Buy setupReasons for bullish bias:
- Price gave channel breakout
- Price bounced from daily support
- Safe entry at HH breakout
- Bullish divergence
Trade Plan:
Entry Level(Buy stop): 29.579
Stop Loss Level: 28.432
Take Profit Level 1: 30.726
Take Profit Level 2: 31.873
Silver Trend BreakWell I thought things might be looking like we were going to gap up and bounce a little tomorrow, but it's strange to see what's happening after the bell. Crypto and metals are falling off a cliff. Somehow they held up all day as NQ was tanking, but ETH is melting and BTC broke its uptrend as well.
Not to mention VX is green on the session again and is approaching a major break from a downtrend that started in September of 2023. Long way to go until open in the morning, but I am not feeling as optimistic as I did at close.
Bullish reversal?The Silver (XAG/USD) is falling towards the pivot which acts as a pullback support and could bounce to the overlap resistance.
Pivot: 28.67
1st Support: 28.18
1st Resistance: 29.31
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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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Elliot wave count for silver/usdUsd and the Dow looking shaky, money starting to come into precious metals/commodities, Silver looks good for a nice move here
XAG/USD: Unique Buying Opportunity Amidst Pivot Point ChallengeHello Everyone,
XAG/USD is currently presenting a unique buying opportunity! However, caution is advised as the price is currently below the 1-day, 1-week, and 1-month pivot points. The first sign of a bullish continuation will be the price staying confidently above the 1-day pivot point. With all factors aligning, more upside is anticipated!
TradeWithTheTrend3344
SILVER Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 29.283
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 29.853
Safe Stop Loss - 28.945
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SILVER ( TRADING ABOVE DEMAND ZONE ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level .
TURNING LEVEL : the price of turning level around , 28,68 , so if the price breaking this level reach a first support level , as long as silver price trading above this level reach a first resistance level .
RESISTANCE LEVEL (1) : this level around 29,66 , for reach this resistance the price it will stabilizing turning level or corrective this level .
RESISTANCE LEVEL (2) : around 30,48 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 28,01 , for reach this support level the price need breaking a turning level .
SUPPORT LEVEL (2) : support level at 27.12 , for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 28,68 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL :29,66 , 30,48 .
SUPPORT LEVEL : 28,01 , 27.12 .
Silver poised to move lower after US CPI dataSilver poised to move lower after US CPI data
Yesterday during the US CPI data Silver increased up to 31.70 but it couldn't manage to rise further.
Today, the market is again focused on the US PPI data for another speculative move.
However, we may see Silver moving down considering that it is already well positioned.
I am not expecting gold moving down like a rock as it will take time but the direction should continue to be down.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XAGUSDTWe can attempt to short XAGUSDT from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
XAUUSD/XAGUSD afternoon updateComparing XAUUSD and XAGUSD, bullish counts. I have XAUUSD in wave 5 of (3) of ((5)), and I have XAGUSD in wave 3 of (3) of ((3)).
Ideal targets for XAUUSD and XAGUSD are 3279.14 and 47.067, respectively.
Silver educational Silver find strong support level,we also have a rejections candlesticks in this level which is pin bar n bullish ingulfing,this candlestick if they appear in a support or resistance that's were you can easily have confirmations of your predictions aswell.
