XAGUSD trade ideas
Silver updateWhat is your opinion traders do you think it's gonna cover a gap to the right shoulder or not,according to my opinion it's not a must that market has to reach our expectations but it's good to move towards our direction n predictions soo far it has shift to the down side n any1 is allowed to take buying opportunities from this zone knowing that there is a gap that market might reach meaning money management is the one that will determine how long you gonna last in a trade.
Pullback resistance ahead?The Silver (XAG/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support.
Pivot: 28.78
1st Support: 27.92
1st Resistance: 29.63
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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
SILVER BUYING OPPORTUNITY..Silver's correction has touched to the 61.8% fibo level perfectly, if the daily close around this price or even higher, it's a great potential for a solid upward movement in some coming days.
CHEERS!
XAG/USD Silver Bullish Side Money Heist PlanHola ola Robbers / Money Makers & Losers,
This is our master plan to Heist SILVER 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: 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.
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
Warning : Fundamental Analysis 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.
SILVER - near to his resistance? what's next??#SILVER.. market just near to his today resistance area 28.23 keep close that area because if market holds then drop expected from here.
dont be lazy here.
good luck
trade wisely
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 too good to be true!! Target of 636!!!!Look at this pattern. Looks like a cup and handle no? Well, it has a target of 636 if it plays out. Silver already touched the 0.5 fib. Now just kick back and relax.
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!
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 - NEW BREAKOUT !Hello Traders !
The SILVER price failed to create a new higher high.
Currently, The last higher low is broken !
So, I expect a bearish move📉
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TARGET: 27.56800🎯
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!
XAGUSD / TRADING BELOW FVG - 4HXAGUSD / 4H TIME FRAME
The market trend is largely bearish, with the price staying below the turning level of 29.98, indicating a potential drop to the support level (1) at 28.11, and possibly further to the next target at 27.18. However, if the price breaks through the bounce level, it may shift upward toward the resistance level (1) at 29.51. To confirm a bullish trend, the price must break through this resistance and stabilize above it, aiming for 30.48 .
KEY LEVELS :
TURNING LEVEL : 29.98
RESISTANCE LEVELS : 29.51 , 30.48
SUPPORT LEVELS : 28.11 , 27.18
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.
