SILVER: Move Up Expected! 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 31.88293$
Wish you good luck in trading to you all!
Silver
SILVER Is Very Bearish! Short!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 31.349.
Considering the today's price action, probabilities will be high to see a movement to 28.906.
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.
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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the SILVER with the target of 29.507 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605.
What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity.
But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward.
My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that.
So, I don't see it being a big distraction for the markets.
In fact, I see it as the natural order of how things must play out to reach a conclusion.
And I see the world's global markets moving higher as a result of these conflicts and the pending US elections.
Follow my research and ...
Get Some.
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XAG/USD Analysis: Silver Price Fails to Hold at 11-Year HighXAG/USD Analysis: Silver Price Fails to Hold at 11-Year High
As shown on the XAG/USD chart, during the trading session on 26th September, the price of silver surpassed the previous 2024 high (set in July), reaching levels last seen in December 2012.
Key drivers of silver’s price include news related to the Federal Reserve’s policy:
→ Last month, when the Federal Reserve cut interest rates, it led to a rise in both gold and silver prices.
→ However, precious metal prices dipped slightly yesterday after Fed Chair Jerome Powell adjusted expectations regarding further rate cuts this year, stating that the Fed would not rush into making more reductions.
Technical analysis of the XAG/USD chart reveals:
→ Since August, the price of silver has formed an ascending channel (shown in blue). In September, bullish sentiment strengthened, establishing points for a steeper upward channel (marked by purple lines).
→ The price surge at the end of September caused the RSI indicator to form a bearish divergence, making silver vulnerable to a correction after hitting a historic high – which is what followed.
What comes next?
It largely depends on upcoming fundamental news. Currently, silver’s price appears to be in consolidation, confined by the triangle formed by the boundaries of the two channels (shown by black lines). A breakout from this triangle could potentially lead to a significant trend forming.
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.
BRIEFING Week #39 : China RoaringHere's your weekly update ! Brought to you each weekend with years of track-record history..
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silver head and shoulder patternsince gold meltup this year silver also going up
but there is long term elliott wave target near $31.71
price made head and shoulder pattern than neckline breakout
now retest of neckline ( as your horizontal resistance) and target new lower low is final setup in head and shoulder pattern
Gold Builds Base : Look For Support Below $2650 For LongsMy research shows Gold will make another big move upward over the next 10-15+ days - targeting $2740-2750. But first, Gold will attempt to base/bottom near or below $2650 over the next two trading days.
My research suggests Oct 3 and Oct 4 will likely be the start of a rally phase for Gold targeting the $2750 level by Oct 14-15.
I believe traders should attempt to look for long entries below $2645-2655 and view any move below $2640 as a deep low opportunity.
Gold is still hedging the global risk factors at play throughout the world and will attempt to move above $3050 before the end of 2024.
Get ready. This is the start of the big rally phase I've been warning you about for the past 3-4+ years.
Everything I suggested would happen is taking place right now. You just have to be able to take the trades to benefit from these moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.56979$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-30 : 2 Week ExpectationsThis video highlights two weeks of SPY Cycle Patterns and what I believe is the most likely outcome over the next 10+ trading days.
I urge traders to stay cautious as the current capital shift (related to the Fed rate cut) is transitioning. This is a process where capital is actively seeking undervalued and ignored global market sectors.
This transitioning process may mute some price action related to the US markets and forward expectations. This is almost a certainty related to the pending US elections only 30+ days away.
I'm suggesting the current melt-up trend will continue until a potential topping pattern setup near October 18-24. I still believe a topping pattern is likely just before the elections which will send the markets moving downward. Traders must be aware of this topping pattern's potential downward price move.
I do see a solid upward price move in the SPY/QQQ over the next 7 to 10+ days. There is a CRUSH pattern on Wednesday this week, but the next two weeks show identical SPY Cycle Pattern setups.
I believe this week will be somewhat volatile for traders. But the next two weeks will be rock solid to the upside.
Gold and Silver will contract a bit in early trading this week, but should start moving higher on Wednesday/Thursday. Gold will target $2750 and Silver will target $33.50-34.00.
Bitcoin is rolling, just as I expected, to the downside. I believe BTCUSD will fall to 59k-60k before finding support. I also think BTCUSD will stay rather muted throughout the end of this year (at least into and through the elections).
Here we go—another week of opportunities.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD H4 RE-ACCUMULATION FINAL TP 3 000 USD🔸Hello guys, today let's review 4HOUR price chart for gold. Ongoing -RE-accumulation in progress, strong chart overall, BULLS maintaint control. Accumulation not complete yet, so we are not ready to hit 2750/3000 yet.
🔸Key s/r zones defined at 2250 usd / 2500 usd / 2750 usd / 3000 usd.
So this a list of the key s/r zones in play right now, we are trading well
above strong s/r zone at 2500 usd so currently limited downside.
🔸Previously gold accumulated ins 2300/2450 usd range before finally
breaking the 2500 usd psyuchological resistance level. Currently
2500 usd flipped from resistance to support, therefore bulls maintain
strategic advantage overall.
🔸new re-accumulation zone bulls 2565 / 2685 usd.
🔸Recommended strategy position traders: BULLS should wait for
re-accumulation to complete and buy low near 2565 usd.
initial TP is 2750 USD and towards end of 2024 - 3000 USD.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal.
Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50.
A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver.
BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
KOG's RED BOXES - SILVERSILVER – 4H
31.88 break above for 32.22 / 32.58 / 33.00
31.19 break below for 30.99 / 30.71 / 30.38
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
SILVER Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 31.627
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 31.112
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 29.423.
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SILVER What Next? SELL!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 32.019 pivot level.
Bias - Bearish
My Stop Loss - 32.765
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target -30.844
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.
———————————
WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade For 9-27 : Gap Potential PatternToday's Gap Potential will likely resolve in an opening price gap to the upside.
I believe the current price bias, which is still to the upside, will prompt a higher opening price gap followed by a moderate bullish trend today.
I will warn you that an afternoon consolidation period heading into the weekend is not out of the question. So, be prepared for a flat trading range after Noon (NY) lasting possibly 60-90 minutes.
The close of trading today could prompt a fairly big price trend (an end-of-day Squeeze). This is capital moving out of the markets before the weekend, and it could prompt a big opportunity for traders. My guess is it would be to the upside, but it really depends on how price reacts throughout the day.
Right now, I would guess the upward price squeeze will change by 55 to 65% at the end of the day.
Overall, I believe today will be rather muted for the SPY, QQQ, Gold, Silver, and BTCUSD. Yesterday's big CRUSH bar is the volatility event this week (setting new higher highs and higher lows), followed by today's price action, which will settle ahead of next week.
So, today, it will likely show moderate trending with periods of flat/consolidation. The end of the day may show a more aggressive "Squeeze" trend - but we'll see if that happens.
Either way, play the chart. Play what is in front of you, and don't get trapped in any longer-term expectations. There will be lots of opportunities next week for bigger trends.
Get Some.
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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 31.73304$
Wish you good luck in trading to you all!
GOLD --- When Breakout? $2700 Target remains in place. The war against sound money...
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?