Heading into 38.2% Fibonacci resistance?XAG/USD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 30.967
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 31.788
Why we like it:
There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 29.797
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
J-XAG
SILVER: Small Corrections And Then Shoots Up! TVC:SILVER
Expecting small correction to our identified area, and a strong bounce from our region is expected. The trend is still extremely bullish however, as we said price is making a correction once it completed and at the rejection we can enter.
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Team Setupsfx_
XAUUSD - 1H Buy SetupXAUUSD has broken the downtrend line and successfully crossed it, followed by a perfect pullback. This suggests potential bullish momentum.
Now, the price is poised to rise towards the resistance zone around $2365.
For a sustained upward movement, we need to analyze the price response at the resistance zone. If it breaks above this resistance convincingly, it could indicate further bullish trends.
XAUUSD - 1H Continuation of FallStops and liquidity have been hunted above the resistance zone, suggesting that gold (XAUUSD) can continue its downward trajectory towards the $2315 level.
The chart shows a bullish trendline, and a break below this trendline will serve as a confirmation for initiating sell positions. This break would indicate a shift in market sentiment, reinforcing the bearish outlook. Traders should watch for this trendline crossing as a key signal for entering short trades, targeting the identified support level at $2315.
Additionally, the previous three bullish legs used the $2310 zone as the base, adding further significance to this support area.
XAUUSD - 15m $20 fall opportunityThe XAUUSD (Gold) is currently displaying a bearish momentum, as evidenced by the highlighted zones of downward price movement.
The chart indicates that the price is forming a second leg of the downtrend.
Should this pattern continue, it is anticipated that XAUUSD will break below the $2400 support zone.
Traders should monitor this level closely, as a breach could signal further declines.
XAGUSD - Long Trade IdeaHello all,
I have a long trade possibility forming on XAGUSD.
Basically, my draw on price is the Relative Equal Highs residing above. My POI for taking a trade is where the BISI 2D is. Since we have a SIBI 2D, we should see lower prices to this POI. If price does not reach my POI before trading higher, I would like to see a clean 2D close above the SIBI 2D. Preferably I see price start to halt and create a consolidation at my POI. What I DON'T want to see if price blast right through it and have a 2D candle close below the BISI.
Silver is lagging behind Gold, so I am using that to back up my bias. Based on my proprietary analysis, price SHOULD go to the current target, if not at my POI, then still soon. Of course, we make allowance for wicks, and I will still hold my POI valid should any 2D candle not close below the BISD 2D and no other SIBI 2D be created, at least without an instant rejection through it in the next 2D candle.
Overall, simple and clean by the looks of it. We can always go to the lower timeframes to refine the narrative and frame some trades.
Have a good weekend!
- R2F
SILVER Massive Bullish Breakout! Buy!
Hello,Traders!
SILVER keeps growing
And it made a massive
Bullish breakout of the
Key horizontal level
Of 30.00$ and the
Breakout is confirmed
So we will be expecting
A further bullish continuation
Buy!
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Check out other forecasts below too!
$50 Silver"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities
Price target = $50
Fractal backbone + Room in technicals for such move.
Price target was established in June 2021.
Time frame pushed up in anticipation of 2023 bear.
XAG/USD has a strong bullish momentum, could it rise further?Price is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 27.69
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 27.09
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 28.74
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.