XAGUSD / TRADING UNDER DOWNWARD PRESSURE / 4HXAGUSD / 4H TIME FRAME
HELLO TRADERS
Overall Trend , The prices are currently under downward pressure, suggesting that the market is in a bearish phase until a breakout occurs from the current trading channel.
Demand Zone , The asset is attempting to reach a demand zone, which is between 30.27 and 30.01. If the price stays above this range, it is expected to rise toward the supply line at 32.03.
If the price stabilizes above the demand zone, there is a potential for upward movement toward the supply zone, which lies between 32.55 and 32.92. This suggests a possible reversal or rally in price.
Conversely, if the price breaks and stays below the demand zone, it indicates a further downward movement, with the next target being the FVG (Fair Value Gap) area, between 29.71 and 29.16. This would suggest that the market is under significant bearish pressure.
Supply Zone , The overall sentiment remains bearish until the price moves above the supply zone (between 32.55 and 32.92). As long as the price is trading below this range, downward pressure is expected to persist.
Xagusdanalysis
XAGUSD updateSilver has formed a descending trend line and broke it so now we can expect this pair to retest the blue upper trendline on the higher timeframe so we can enter a buy position now and once he reject the high trend we can close our buy and enter a sell trade
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Silver could have found its bottomSilver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35.
However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30.
As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points.
For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline.
Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart.
I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.
Silver Heading for a Breakdown? targeting $30📉 Silver Heading for a Breakdown? ⚠️
OANDA:XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨
📊 Key levels to watch:
Breakdown at $33.10
Major fall expected below $32.50 📉
RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉
Silver (XAG/USD) Analysis:
The daily chart of Silver (XAG/USD) reveals critical insights for traders:
Resistance and Breakdown Levels:
Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown.
$32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30.
Bearish Momentum:
The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence.
Next Key Support at $30:
The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level.
Volume Insight:
A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown.
Conclusion:
If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
Potential bullish reversal?XAG/USD is falling towards the support level which is an overlap support that is slightly above the 161.89% Fibonacci extension and could bounce from this level to our take profit.
Entry: 30.14
Why we like it:
There is an overlap support level that is slightly above the 161.8% Fibonacci extension.
Stop loss: 29.10
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 30.94
Why we like it:
There is a pullback resistance level.
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Unveiling the Path: Silver's JourneyHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Silver: Time to Take a Long Position..?Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result, we now have sufficient confidence to proceed with entering a long trade, capitalizing on the bullish momentum.
SILVER (XAGUSD): Bullish Continuation After News
Today's news are certainly bullish for Gold and Silver.
XAGUSD formed a confirmed Change of Character CHoCH
on a 4h time frame, signifying a completion of a local correction.
The price will text a current high now.
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Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ):
Click chart above to see the detailed analysis👆🏻
Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.
Levels to watch: $34, $45
Keep your long term vision,
Philip (BasicTrading)
XAGUSD (Silver) still BullishMonthly Chart
The monthly candle is still bullish.
Weekly Chart
Weekly candle closed as indecision candle while the trend is still bullish and we are expecting the price to at least retrace towards the middle of previous IPA (or FVG) candle of previous week and then resume higher. Next Target above 35.15 level.
Daily Chart
We will be looking a bullish structure around 32.47 or slightly lower for a buy entry. Next target around 35.15 level.
Silver’s U-Turn: Head & Shoulder Formation Triggers Sell Signal● After breaking out from the Rounding Bottom formation, the price soared to an impressive peak of $34.87.
● Subsequently, a consolidation phase unfolded, leading to the development of the Head & Shoulder pattern.
● We expect a swift drop once the neckline is breached, potentially retracing the price back to its earlier breakout point.
Key levels to watch
● Entry : Below $33.4
● Potential Target : $32.7
● Stop-loss : Above 33.7
Correction Silver H4. 24.10.2024Correction Silver 📉
The correction in silver started a bit earlier than the expected zone, so I'm clarifying the situation. Buying zone is important at 31.31-32.17 and slightly above the margin with support level. I am still aiming for 35.50 and higher after the end of the pullback. There were no strong culmination volumes at the top, so it is more likely that a pullback is forming downwards.
CAPITALCOM:SILVER
XAG/USD "SILVER DOLLAR" Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAG/USD "SILVER DOLLAR" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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I shorted the Silver price a short time ago at 34.44
This trade is doing well, volatile until sellers properly formed, but I won't be shorting it for long as this is only a small correction I feel.
Gold and Silver have been delivering Long trades so well lately, that their price has to adjust a bit downwards before the next session. IE. New York. You would've maybe noticed Gold and Silver sold off at the end of New York yesterday, but smart money moved in with buy orders with a fair 'hunch' that the precious metals prices would continue their ascent in the Asia Tuesday session.
Silver (XAG/USD) Red Alert Technical Update📉 Silver (XAG/USD) Technical Update
Resistance at 34.40 met! 🛑
Expecting a drop towards 33.00 first, followed by 30.00 as the next target if bearish momentum continues. 📉💡 Keep an eye on these key levels!
#Silver #XAGUSD #Forex #Commodities #TradingView #PriceAction #TechnicalAnalysis
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Silver’s Explosive Move: Why Buying Dips Below $33 Could Pay OffAfter a minor correction at the start of last week and two days of tight range consolidation, OANDA:XAGUSD surged on Friday, gaining approximately 2000 pips.
More importantly, though, it broke above the key resistance zone at 32.35-32.50, in what appears to be an attempt to catch up with Gold’s performance.
As mentioned in my previous analyses, my target for Silver remains around the 35 resistance level.
Now, with this decisive breakout to the upside, it looks like 35 could be the next target in the coming week.
Given this setup, a strong strategy would be to buy on dips, ideally below the 33 level.
This approach could offer an attractive 1:4 risk-to-reward ratio, depending on the stop loss placement.
XAUUSD Bullish setup this week**Monthly Chart**
XAGUSD last monthly candle closed bullish after testing the liquidity of Jan 2013 liquidity pool.
The monthly engulfing candle indicates a high probability for Sliver to continue its trend higher at least to take liquidity above the 33.00 (round number) level. It also suggests that the near target high is around 36.00 and then 37.50 (Oct 2012 and Feb 2012 swing highs) Levels
This month's candle, which is still active, tested the imbalanced price action (or FVG) at around 30.00. It moved aggressively and took the high of the previous month.
**Weekly Chart**
Last weekly candle of Silver closed slightly bullish after sweeping liquidity from previous weeks lows. This gives a strong trend momentum for the price to head higher at least to hunt the liquidity above the 33.00 level. The weekly candle closed as a key reversal high.
**Daily Chart**
Last week Silver started a new swing high after it took the liquidity below 30.55 level and head higher.
This week we will be looking for a bullish structure and opportunity to at least target 33.00. This is around 200 pips moves expected on this pair.
XAGUSD Analysis: Unveiling Silver's Next Move Through Elliott WaThis XAGUSD analysis utilizes Elliott Wave theory to uncover potential silver price movements. By identifying key wave patterns, this analysis offers insights into upcoming trends and market shifts, providing traders with a clearer outlook on silver's future direction.
XAGUSD Analysis for 16/10/2024: Slight Bearish Bias ExpectedIntroduction
On 16th October 2024, XAGUSD (Silver vs. US Dollar) is expected to exhibit a slight bearish bias in today’s trading session. Several fundamental factors and current market conditions are contributing to this outlook, including shifting interest rate expectations, global risk sentiment, and the overall strength of the US Dollar. In this analysis, we will explore the key drivers behind the expected bearish trend for silver and provide insights into the potential short-term outlook.
Key Drivers for XAGUSD Bearish Bias
1. Strength of the US Dollar
The primary driver for the bearish bias in XAGUSD today is the relative strength of the US Dollar. While the US Dollar experienced some weakness in recent weeks, it has regained some footing as traders react to mixed economic data from the United States. The latest CPI (Consumer Price Index) report showed that inflation, while cooling slightly, remains elevated enough for the Federal Reserve to maintain its hawkish tone.
This resurgence in the US Dollar strength is exerting downward pressure on silver, as precious metals tend to move inversely to the US Dollar. The strong USD makes silver more expensive for holders of other currencies, reducing its demand and weighing on XAGUSD.
2. Rising US Treasury Yields
Another key factor contributing to the bearish outlook for XAGUSD is the rise in US Treasury yields. As bond yields climb, the opportunity cost of holding non-yielding assets like silver increases. Investors typically shift capital into assets with higher yields, such as US Treasuries, when interest rates rise, which can hurt the demand for precious metals.
The 10-year US Treasury yield has been on an upward trend, reflecting market expectations of continued tightening from the Federal Reserve. With yields rising, investors are less inclined to seek safety in silver, resulting in a potential decline in XAGUSD.
3. Reduced Safe-Haven Demand
Global risk sentiment has shown signs of stabilizing, with equity markets recovering and fears of an economic slowdown easing. This shift toward a "risk-on" sentiment typically reduces demand for safe-haven assets like silver.
Moreover, geopolitical risks have also subsided to some degree, as major economies navigate through inflationary pressures and geopolitical tensions. As investors regain confidence in riskier assets like equities, the demand for silver as a hedge against uncertainty has weakened, further contributing to the bearish bias in XAGUSD today.
4. Lackluster Industrial Demand
Silver is not only a precious metal but also has significant industrial applications, particularly in sectors like electronics, solar energy, and manufacturing. However, industrial demand for silver has faced challenges recently due to slowing global manufacturing activity, particularly in China and Europe.
China’s efforts to stabilize its economy have shown some positive results, but concerns over a full recovery in its industrial sector remain. Weak industrial demand could limit silver's upside potential, and the reduced demand from industrial sectors is likely to weigh on XAGUSD prices.
5. Technical Analysis
From a technical perspective, XAGUSD is facing downward pressure after failing to break key resistance levels in previous sessions. Silver has been trading below its 50-day moving average, signaling ongoing bearish momentum.
Additionally, the Relative Strength Index (RSI) indicates that silver is not yet in oversold territory, suggesting there may be further room for downside movement. If silver continues to face resistance at the $23.00 psychological level, we may see a continuation of the bearish trend in the short term.
Conclusion
In summary, XAGUSD is expected to trade with a slight bearish bias on 16th October 2024, driven by multiple fundamental factors. The strength of the US Dollar, rising US Treasury yields, reduced safe-haven demand, and lackluster industrial demand are all contributing to the downside pressure on silver. While silver may face near-term weakness, traders should keep an eye on future economic data releases and central bank policies for potential shifts in market sentiment.
For more detailed updates and live analysis of XAGUSD and other financial markets, follow our TradingView channel.
Keywords: XAGUSD analysis, silver price forecast, bearish silver outlook, US Dollar strength, rising US Treasury yields, safe-haven demand, industrial silver demand, silver technical analysis, XAGUSD today, precious metals market.
XAG/USD "SILVER" Market Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAG/USD "SILVER" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂