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J-XAG

XAG / USD - JOURNAL - ACTIVE SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED DAILY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I highlight a possible SHORT scenario in the > FX:XAGUSD < We focus on the technical KEY points and KEY areas which will be relevant in the next hours & days. The highlighted scenario is supported by the higher timeframes, which we are ACTIVELY monitoring in an existing post. This can be found under the following name: " XAG / USD - HTF JOURNAL - WEEKLY SERIES " (Listed under this post at "RELATED IDEAS") As soon as the temporary direction of the price emerges, I will update the post accordingly, with entries, stop-loss & take-profit levels. How do I save an idea so that I receive a notification when it’s updated? MARKED POINTS OF INTENTION (POI) We are in a superior and inferior downtrend channel, which served as very good resistances in the past. In most price action indicators, we are in over bought areas (HTF) which will be reflected in price action (ITD) in the near term. In the smaller timeframes, a divergence is starting to form, which serves as additional confirmation for the trade in all the resistance areas. In intraday, this calls for a SHORT - SWING - entry, but caution is advised; the price is still not unlikely to break through the levels and continue its rise. # Positioning after confirmation of this thesis = SHORT Z - Don't let the noise blind you; recognize its face and use it for yourself - Z | ZielIstDieAutarkie | If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much. Thank you and happy trading! Z
OANDA:XAGUSDShort
by ZielIstDieAutarkie
34
XAG / USD – HTF JOURNAL - WEEKLY SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the > FX:XAGUSD < We focus on the technical KEY points and KEY areas that will be relevant in the coming weeks & months. As soon as candlestick closes emerge that suggest a temporary direction for the price intra-day, I create a separate post below. This post will be under a similar name, which is as follows: " XAG / USD - JOURNAL - ACTIVE SERIES " (Includes: entries, stop loss & take profit levels) Once published, it will be added as a comment, and when this post is saved, you will receive a notification about it. How do I save an idea so that I receive a notification when it’s updated? MARKED POINTS OF INTENTION (POI) The price is below the mid-trend line of the oldest and most influential trend channel, which originated in 1971. Additionally, we are at the upper resistance line of a slightly younger trend channel, which formed in 2011 and has served as resistance since 2020. The "Higher High" of 2008 will serve as our next support, as well as the zone formed around it (21,355 - 22,000). In our recent trend channel, another subordinate trend channel has emerged, which is currently contested. Momentum indicators in the weekly TFs show declining momentum, which is additionally noted in the daily TFs. The daily "moving averages" have all broken through the 200s and are now serving as resistance. Z - You have to understand the big picture to not drown in the noise of the small one - Z | ZielIstDieAutarkie | If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much. Thank you and happy trading! Z
OANDA:XAGUSD
by ZielIstDieAutarkie
12
Silver - A 50% Long Setup. Trade Only. No HODL.In a post on Silver from June, I analyse that a run to $33 is on deck: Silver - 33 Moons And An Options Opportunity In the time that has passed, we've had two ~10% bounces that have been sold off. To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on deck. However, I'm also expecting a very bearish September across all markets, which I outline in a recent call on Nasdaq: Nasdaq Futures - Are You Prepared For Red September? Because I believe that we'll have a giant rally that takes out the tops of a lot of things heading into the end of 2023, and 2024 will mark the beginning of the real economic calamity. When it comes to silver and gold being bullish in the long term, they should be, but the market manipulators will keep price supressed for a few reasons. The first is that a renaissance in precious metals, or even a bubble in precious metals, will amount to promoting bullion, coins, bills, and even ore. These things are mankind's traditions, and are at odds with the current International Rules Based Order (IRBO) pseudo-Chinese Communist Party culture that more or less wants to install something like a cross between Shanghai's Zero-COVID social credit system and the Taliban. The second is that China, which is still governed by the CCP and Xi Jinping, has bought an incredible amount of gold in recent times, if reports are true and not fabricated at least. And so a short raid on precious metals would amount to a de facto economic sanction against China, which the IRBO claims to be de-risking against. Moreover, if something should happen to the Party, whether that be natural disaster, a greater pandemic, Xi performing a Gorbachev-style coup against the Party overnight, or Heaven finally dealing with the CCP's 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners, because China holds so much gold, there will be open selling into the market. Prices will crash because the very wealthiest families on this planet are safeguards of tradition and will take advantage of the situation to purchase back that physical bullion and jewellery at record low prices amid the chaos. "Buy when there's blood in the streets, even if it's your own," they say. So here's the current call on silver. The fake double top below the early May gap at $25.5~ is definitely manipulation. It's traded back too far and hasn't shown any bullishness to give us confidence that we're going to go from $23 to $26 or $27 as a breaker pattern. Because "resistance" has been printed, many very large players and retail traders who are short will position their stop losses over $26 and $27. This becomes a target. And in the meantime the goldbug moonboys have long stops under $22 and $21, which just so happens to be an untested gap. So the trade here is to either look at a short on a retrace to $24 with a target of $21~, or just wait for $21 with a target of $33 by year end. And then sell it all. Sell your spot. Sell your bullion, if you can't be hedged short. Silver will eventually truly appreciate, and in a significant way, but it's not very likely to manifest before the new future unfolds. And so in 2024, we may really see numbers sub $15 again. Ergo, because metals are, in reality, ranging and not trending, it's not a market for "buy and hold" to be an intelligent strategy. Good luck.
COMEX:SI1!Long
by LordWrymouth
2
XAGUSD Rebounding on the 1W MA50. Buy.Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Up (see chart below) when we last looked into it on July 21 2023: The price hit on Thursday the 1W MA50 (red trend-line), which gave the previous short-term rally in mid-August. As long as it holds (closes weekly candles above it), we expect a similar rebound, thus turning bullish targeting the Lower Highs trend-line at 24.600. Only a closing above the 0.618 Fibonacci retracement level can justify further buying into a rally. In that case the long-term target will be 26.935 (Resistance 2). Notice the 1D RSI Rectangle formation, solid buy low/ sell high trades can be made within it. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
2
🔥NEW: XAGUSD 🔥 SWING TRADE 🔥 (2W)As an alternative, you can choose your TP based on the ATR of your favorite chart: ATR = Average True Range 1 day = 20 pips 4 hours = 10 pips 1 hour = 5 pips 15 minutes = 3 pips 5 minutes 2 pips TECHNICAL ANALYSIS: The XAGUSD pair is currently trading in a range between 26.14 and 22.11. Price Action has been consolidating in this range since April 24, 2023. Now, that PA has bounced off of our TP1, we should be good to go for more downtrend action. INDICATORS: P2P INDi — Annotates Curve Analysis — Pivot High @ 28.90 — Pivot Low @ 12.75 — Based on this curve, PA is bearish TREND — Momentum: Big Picture Downtrend — Price Action: Downtrend — CounterTrend: NO (conservative trade)
OANDA:XAGUSDShort
by ProfessorCEWard
Is silver going to $26 per ounce? Maybe. In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around $22.50 to more than $25 just a few days ago. Currently, one troy ounce of silver trades around $24.85. We continue to be bullish on silver and pay close attention to the area between $24.55 and $24.64. If silver manages to defend this area and ideally hold above it, it will be bullish. But if it fails and drops below its 20-day SMA near $23.90, it will prompt us to secure profits. At the moment, our price target of $26 stays in place. Illustration 1.01 Illustration 1.01 displays the daily chart of XAGUSD. The yellow arrow indicates a bullish breakout from the downward-sloping channel. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section.
OANDA:XAGUSDLong
by Tradersweekly
15