WEEKLY FOREX FORECAST SEPT 9-13th: S&P NAS GOLD SILVER US&UK OILThis is Part 2 of the Weekly Forex Forecast SEPT 9 - 13th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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Silver
Silver Major Price Levels and Trend InsightsWelcome to my latest Silver (XAG/USD) technical analysis using Gann grid lines! If you're new to Gann analysis, don’t worry—I'll break it down in simple terms.
What Is Gann Analysis?
Gann analysis is a method developed by legendary trader W.D. Gann. It combines geometry, time, and price to identify key levels in the market where price action is likely to react. In essence, Gann theory suggests that markets move in predictable cycles and that certain price levels are more significant than others.
How Does This Gann Chart Work?
In the chart you see above, I've applied Gann grid lines, which create a web of horizontal, vertical, and diagonal lines across the chart. These lines represent price-time relationships and help identify critical levels where Silver’s price might find support or resistance.
Each horizontal line corresponds to specific price levels (in US dollars), while the diagonal lines help capture the trend and potential pivot points.
Key Price Levels
Here’s a breakdown of the most significant levels that you can see marked on the chart:
Resistance Levels:
427.5° = $33.49 (Strong overhead resistance).
405° = $32.05.
382.5° = $30.66.
360° = $29.29.
Support Levels:
337.5° = $27.95 (Current level, a key area to watch).
315° = $26.64.
292.5° = $25.37.
270° = $24.13 (Major support zone).
The numbers next to these levels represent angles or "degrees" in Gann theory, which are important for measuring cycles of price and time.
What Do These Levels Mean for Silver?
Currently, Silver is trading around the 337.5° level ($27.95). This level could act as strong support, and we could see a potential bounce if buyers step in. However, if the price breaks below this, the next significant support level is at 315° ($26.64).
If Silver holds the 337.5° level: We might see a move back up towards $29.29 (360°), followed by $30.66 (382.5°) if the bullish momentum continues.
If Silver fails to hold 337.5°: The price could drop towards $26.64 (315°), which is another strong support zone.
Diagonal Trendlines and Time Cycles
The diagonal lines crossing the chart represent Gann angles, which help forecast turning points in the trend. For example, when price interacts with these lines, it often leads to shifts in direction or momentum. These angles can give clues as to when a price change might occur in relation to both price and time.
Conclusion
In summary, Silver is at a key inflection point. A bounce from current levels could take the price higher toward $29 and beyond, while a break below $27.95 might lead to further downside. Using Gann analysis helps traders understand not only key price levels but also the timing of potential moves, giving a more complete picture of market dynamics.
SILVER Sellers In Panic! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 27.937 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 28.271
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
US Jobs Disappoint - Inflation on DeckThe "September Effect" is in full bloom as the markets are down 4-5% from September's first trading week.
10 year average for September is -.9%
70 year average for September is -.7%
We may see high volatility all over again with Aug 5 lows being threatened, or we may see the risk off tone has been front loaded and next week is all about inflation with US CPI/PPI to potentially fend off more selling with improvements in the inflation trends (e.g. lower inflation = better for market sentiment).
This video is a bit longer, but I appreciate you checking it out and watching. Once we're through inflation news, it's all about the FED on Sep 18, then more employment/inflation news, then election. Those are major catalysts to posture us for the remainder of the year.
Long-term investors the game is simple
Short-term investors are all over the place
Profits and Losses happen, just don't do anything silly.
Enjoy the weekend!!!
SILVER Will Go Down! Short!
Take a look at our analysis for SILVER.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 28.978.
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 28.462 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER: Move Up Expected! 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 29.07489$
Wish you good luck in trading to you all!
SILVER: Move Down Expected! 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 28.48833$
Wish you good luck in trading to you all!
Gold possible up correctionXAUUSD continues its downward movement, closing below the 2500 level and confirming a break out of the consolidation zone. With this momentum, the market is likely to head to lower levels. Although the major trend remains bullish, this correction might find support around the 2450 level. If the market retests this area and shows rejection signs, like a bullish long-tailed bar, it could offer a good buying opportunity. A strong rebound from the 2450 support could pave the way for a continuation of the bullish trend toward the all-time highs. The target is the resistance zone at 2505
Silver SellXAGUSD has confirmed its sell mode and going to have a dive again we are having a counter trendline waiting upside which will be most probably rejected and the price will continue to move in its bearish direction ⬇️
Also the confluence is that price is moving under 50 SMA on 1 Hourly TF so we are over all according to our time frame so we will have a bearish trade based on price action confirmation
We are watching price closely before taking any other decision
SPY/QQQ Plan Your Trade For 9-4 : CRUSH Blends Into Rev-RallyYesterday's price move was clearly a CRUSH pattern I expected on Monday. Because of the holiday trading schedule this week, I believe the CRUSH pattern blended into Tuesday's trading - resulting in today's pattern being a blend of the Rev-Rally pattern on Tuesday and the Up-Down-Up pattern for Wednesday.
Overall, I believe the CRUSH pattern removed a lot of downward price pressure and set the markets up for a bigger upward move starting on September 9-11.
At this point, I believe the US markets will attempt to find a base/support and transition into the end of this week by "looking for support—then rallying away from support."
So, I expect the US markets to find a critical support level today or tomorrow, then begin to form a base and rally away from that support level.
Let's play what is in front of us on the charts and Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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 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.
Like and subscribe and comment my ideas if you enjoy them!
Gold, copper, silver: A hard or soft-landing conundrumMetals were all lower on Tuesday as investors braced for a hard-landing scenario. But not all metals fell equally. We take a look at gold, silver and copper to sort the longs from the shorts, depending on which variant of an economic landing we could be facing.
Silver little bleak and weak now, but will shine later and how. Shadow of Silver today is greyish. As if the fading moon after a full moon day. Silver may consolidate between 82 to 78K levels. If 78K is broken by any chance, the threat of it falling to the levels of 65-68K looms large. If it reaches 65 to 68K level by any chance, Silver become a must accumulate commodity. On a long term time frame (14 to 28 months) Silver looks all set to cross 100K mark. If there is some global event that bring uncertainty, Silver can reach 100K sooner. Keep Watching this commodity. It is an accumulate at lower levels.
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 $30.50 level.
Fed Thoughts: The market has all but priced in a rate cut at this point. Every movement this year has been predicated on them (despite never materializing). I am of the belief that the cut itself will be a selling event regardless of whether or not we get a short lived rally.
Expression: Given that I am skeptical on equities and bearish Silver I will be shorting SILJ given that it has a history of outperforming to the downside on Silver draw downs. In addition, the upside/risk is limited (as much as it can be haha). Major funds are not investing in juniors. They have and will put capital into majors like GOLD and NEM if metals continue to push higher. In addition, miners are not experiencing the upward pressure that Gold and Silver have because central banks and foreign buyers (the reason for the rally in metals) are NOT buying miners, they are buying physical metal. PAAS is also a strong short candidate. It is a basket case (major earnings miss) and will outperform to the downside.
SILVER My Opinion! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 28.352pivot level.
Bias - Bullish
My Stop Loss - 27.917
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 29.195
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
SILVER: Local Correction Ahead! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 28.03680$
Wish you good luck in trading to you all!
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.