Silver XAG/USD Bearish FlagThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.11
2nd Support – 29.86
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Thank you.
Silver
SILVER Will Explode! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 30.206 pivot level.
Bias - Bullish
My Stop Loss - 28.814
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.873
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
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
Get some.
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XAGUSD: Bottom of the Rising Wedge. Bullish.Silver is marginally bearish on its 1D technical outlook (RSI = 43.462, MACD = -0.151, ADX = 27.970) as it trades under the 1D MA50 but still over the 1D MA200. The latter is at the bottom of the long term Rising Wedge and is the technical support level. As long as it holds, we will be bullish on Silver, aiming at its top for the next HH (TP = 37.000).
See how our prior idea has worked out:
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EXN ready for a little rallyGold Silver and all the other miners got slaughtered recently, so I'm curious how this will work. Excellon is in a good jurisdiction well financed insider buying all that stuff. Technicals show increased volume price keeping pretty steady despite the sector sell off. We have been consolidating inside a triangle and a wedge giving us two targets. If gold and silver reverse losses, fed cuts EXN might catch a nice bid.
Silver (XAG/USD) Testing Long-Term Trendline SupportChart Analysis:
Silver prices are approaching a key rising trendline (black) that has supported the market throughout 2024. This level could provide a pivotal point for the next directional move.
1️⃣ Rising Trendline Support:
The trendline, drawn from the January 2024 low, has consistently acted as support. Silver is currently testing this level around $30.39, which aligns with a potential decision zone.
2️⃣ Moving Averages:
50-day SMA (blue): Price has slipped below the 50-day SMA at $31.64, suggesting near-term bearish pressure.
200-day SMA (red): The longer-term trend remains intact, with the 200-day SMA rising steadily near $29.57.
3️⃣ Momentum Indicators:
RSI: Hovering at 42, showing weakening momentum but not yet oversold. Traders may monitor for divergence signals.
MACD: The MACD line is below zero, with a slight bearish crossover forming, reinforcing a cautious outlook.
What to Watch:
A decisive move below the rising trendline could bring the 200-day SMA ($29.57) into focus as the next key support.
On the other hand, a bounce from this trendline might signal renewed bullish momentum, with resistance likely at the 50-day SMA ($31.64).
RSI and MACD movements could offer early clues for price direction.
Silver is at a technical crossroads as it tests critical long-term trendline support. Traders will be watching closely for confirmation of the next move.
-MW
SPY/QQQ Plan Your Trade For 12-17: Momentum Rally PatternToday's Pattern suggests the SPY/QQQ will rally higher - possibly attempting to find a top.
What I find interesting is the big rally in the QQQ/Nasdaq yesterday. Possibly, the Momentum Rally phase hit the NQ yesterday.
Overall, I'm still looking for the markets to attempt to roll into a topping pattern. So, I'm staying very cautious of any big market moves right now.
Yes, if you look at the QQQ/NQ, it looks like the markets are in liftoff mode (bullish), but other data suggests the markets are actually weakening and pulling into a reversion phase.
Gold and Silver will likely find a base/bottom soon. I picked up some Call options on SILJ and GDX recently anticipating the potential rally move.
Bitcoin is well beyond a 100% measured move higher. Even though I believe Bitcoin can rally to 112k - 115k, I'm urging traders to stay cautious (still).
My data suggests the markets are weakening and possibly moving into a pullback/reversion phase.
Get some.
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SILVER Will Go Up! Buy!
Take a look at our analysis for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 30.270.
The above observations make me that the market will inevitably achieve 31.022 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on SILVER right now from the resistance line above with the target of 30.300 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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SILVER Potential Long! Buy!
Hello,Traders!
SILVER is going down
Now and is about to retest
A horizontal support level
Around 29.81$ but its a
Strong key level so after
The retest we will be expecting
A local bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
SPY/QQQ Plan Your Trade For 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days.
Traders should move away from risk headed into Christmas and the end of 2024.
Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling.
Bitcoin rallied to key resistance and will likely move into a consolidated range (again).
This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration.
Buckle up.
Get some.
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Pan American Silver (PAAS) AnalysisCompany Overview:
Pan American Silver NYSE:PAAS , a leading precious metals producer in the Americas, is strategically positioned to benefit from the rising prices of silver and gold, driven by global economic uncertainties and inflationary pressures. As investor interest in precious metals grows, PAAS stands out for its robust operations and efficient portfolio management.
Key Catalysts:
Organic Growth Focus:
PAAS has increased its 2024 drilling budget to over 450,000 meters, highlighting management's confidence in its exploration prospects.
This aggressive exploration strategy signals long-term production growth and resource expansion.
Portfolio Optimization:
The company secured Investment Canada Act approval for the $245 million sale of its La Arena gold mine and La Arena II project in Peru to Zijin Mining Group.
This transaction demonstrates PAAS’s commitment to unlock value from non-core assets and focus on its most profitable operations.
Precious Metals Momentum:
Rising gold and silver prices, fueled by inflation concerns and economic uncertainty, enhance revenue potential for PAAS.
As a top-tier producer with diversified operations, the company is well-leveraged to capitalize on higher commodity prices.
Investment Outlook:
Bullish Outlook: We remain bullish on PAAS above the $20.00-$21.00 range, supported by strong fundamentals, rising metals prices, and a clear focus on organic growth.
Upside Potential: Our target range for PAAS is $34.00-$35.00, reflecting the company’s ability to grow production, optimize its portfolio, and benefit from favorable macroeconomic trends.
🚀 PAAS—Capitalizing on Rising Precious Metal Prices and Strategic Growth. #Gold #Silver #MiningGrowth
BRIEFING Week #50: Buckle Up, The FED is ComingHere's your weekly update ! Brought to you each weekend with years of track-record history..
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SILVER IS BULLISH TO $34!Silver Long / buy idea
On high timeframes monthly & weekly silver is bullish and currently at a higher low which also aligns very nicely with a strong support level which is being rejected.
On the daily timeframe the SMA's have crossed and the market does look to have pulled back and is currently rejected that price level which is good confluence that the trend is changing on the lower time frames to a bullish trend, which again is confluence of a bullish market due to the overall trend being bullish as shown on higher time frames
On the daily & 4hr the fib also aligns very nicely with other technical factors, the market has touched the 61.8% retracement level and looks to be rejecting that area.
The fib gives a target price of $34 which is slightly under the ATH. I would st stop at around $29 to give some protection from the support level, if price does pull back down then the support is there to act as a barrier to rebound the market and stop us from bing stopped out.
1:4 RR on this trade with a potential 12% ROI.
XAG/USD 12.12.2024FXOPEN:XAGUSD
Hello Traders,
After this bearish calculated move to the downside, we have now identified our wave 4 bottom. We expect higher prices in the coming days or weeks, likely forming either a 12345 setup or an ABC pattern from wave (4) to (5). Time will tell us what unfolds.
SPY/QQQ Plan Your Trade For 12-13 : Carryover In ContertrendToday's pattern is a Carryover in Counter trend mode.
As you'll see in today's video, I'm highlighting many various new features and techniques to help traders understand price movement and context related to trading opportunities.
We need to understand how to target opportunities and how to avoid risks.
I had a long conversation with a subscriber yesterday - he's struggling to understand how to trade efficiently.
Trading is all about jumping on opportunities when they hit and trying to avoid risks and overtrading.
I see so many people try to trade everything that ticks - even when they should be sitting on the sidelines and waiting for better opportunities.
If you want to gamble with your trading account - throw a dart and pick BUY or SELL (RED or BLACK).
If you want to learn how to consistently target the best trade setups, then learn to WAIT for the best setups, execute your trades, then PULL PROFITS/EXITS as quickly as you can.
You should be able to trade only 2 to 3 times a day and do very well - if you don't get trapped in trying to WISH a trade into profits.
Remember, trading is unlike anything else you've ever tried. The more time you try to WISH something to happen, the more likely you are taking on excessive risks.
I'm working on new tools to help all of you develop better skills.
Get some.
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XAU/USD 11.12.24OANDA:XAUUSD
Hello traders,
After the bullish move to 2720, we have reached my maximum Fibonacci extension level for the major wave 3. I am now anticipating an ABC structure for wave 4. Wave B might rise above 2720 to trigger stop-losses for sellers, so avoid placing your stop-loss too tight. Allow the trade some room to breathe, as we could then see some bullish momentum—possibly even another 1-2-3-4-5 setup within our white count for wave 3.
Silver May Face More Weakness After A Corrective RallySilver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1.
But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
SPY/QQQ Plan Your Trade For 12-12: Breakaway PatternToday's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event.
It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025.
I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event.
If that event does not happen, then the markets will likely continue to push higher and higher.
So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price.
Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week.
Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward.
Get Some.
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