SILVER Set To Grow! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 3303.8
Bias -Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 3354.4
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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Silver
SPY/QQQ Plan Your Trade For 3-28-25 : Carryover in Counter TrendToday's pattern suggests the SPY/QQQ will attempt to move downward in early trading. The SPY may possibly target the 564-565 level before finding support. The QQQ may possibly attempt to target the 475-476 level before finding support.
Overall, the downward trend is still dominant.
I believe the SPY/QQQ may find some support before the end of trading today and attempt to BOUNCE (squeeze) into the close of trading.
Gold and Silver are RIPPING higher. Here we go.
Remember, I've been telling you of the opportunities in Gold/Silver and other market for more than 5+ months (actually more than 3+ years). This is the BIG MOVE starting - the BIG PARABOLIC price rally.
BTCUSD has rolled downward off the FWB:88K level - just like I predicted. Now we start the move down to the $78k level, then break downward into the $58-62k level looking for support.
Love hearing all of your success stories/comments.
GET SOME.
Happy Friday.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SILVER bullish and overbought at the new ATH SILVER bullish and overbought at the new ATH
Trend Overview:
Silver remains in a bullish trend, supported by an ongoing uptrend. However, a corrective pullback could present potential buying opportunities at key support levels.
Key Levels:
Support: 3400 (critical level), 3332, 3240
Resistance: 3440, 3488, 3555
Bullish Scenario:
A pullback to 3400 followed by a strong bounce could confirm support and drive prices towards 3440, with extended targets at 3488 and 3555 over the longer term.
Bearish Scenario:
A daily close below 3400 would invalidate the bullish outlook, signaling further downside towards 3332 and possibly 3240 in an extended correction.
Conclusion:
The bullish trend remains intact, but 3400 is the key level to watch. Holding above it supports further upside, while a break below could trigger a deeper retracement. Traders should watch for price action confirmation at support and resistance levels for trade setups.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
SPY’s Epic Crash: Bearish Flag Unleashed!Buckle up, trading fam, because the SPDR S&P 500 ETF Trust (SPY) just pulled a move so wild, it’s giving Keeping Up with the Kardashians a run for its money. We’re talking a bearish flag breakdown on the 4-hour chart that’s got more twists than a Game of Thrones finale, more drama than a Bachelor rose ceremony, and more profit potential than a Shark Tank pitch gone viral. If you’re ready to laugh, learn, and maybe make some cash, then grab your popcorn—this 2,500-word rollercoaster is about to take you on a ride you won’t forget! 🎢
Act 1: SPY’s Golden Era—Living Its Best Barbie Life
Let’s set the scene: it’s late October 2024, and SPY is strutting its stuff like it’s Margot Robbie in Barbie. The price climbs from $570 to a dazzling $607.98 by mid-January 2025—a 6.5% glow-up that’s got traders swooning harder than Ken at a Dreamhouse party. SPY’s basically saying, “I’m not just an ETF—I’m iconic,” as it basks in the glow of a bull market hotter than a Love Island villa.
But here’s the tea: even the shiniest stars can fall. By mid-January, the Stochastic Oscillator at the bottom of the chart is flashing “overbought” signals louder than a Real Housewives reunion meltdown. It’s the first sign of trouble—like when you realize the DJ at the club just played “Sweet Caroline” for the third time, and the vibe’s about to go south. SPY’s living large, but the party’s about to get crashed, Jersey Shore style.
Act 2: The Flagpole Plunge—SPY Sinks Faster Than the Titanic
Cue the dramatic music, because mid-January 2025 is when SPY decides to pull a full-on Titanic. The price plummets from $607.98 to $566.77 in a matter of days—a $41.21 drop, or 6.8%, that’s got traders screaming “I’m not okay!” louder than a Euphoria episode. This sharp decline is the flagpole of our bearish flag pattern, and it’s a doozy. SPY’s sinking faster than Jack and Rose’s ship, and the bulls are left clinging to the wreckage like there’s no room on the door. 🚢
The Stochastic Oscillator dives into oversold territory (below 20), confirming the bearish momentum is stronger than the Hulk after a double espresso. It’s a bloodbath on Wall Street, and SPY’s the main character in this tragic plot twist. But just when you think the drama’s over, SPY decides to play coy—like a Bachelor contestant who says “I’m not here for the right reasons” but sticks around for the drama anyway. Enter the consolidation phase, aka the “flag” part of the bearish flag pattern. Let’s break it down, shall we?
Act 3: The Flag—SPY’s Tease Game Is Stronger Than a Love Island Bombshell
From late January to mid-February 2025, SPY enters a consolidation phase that’s more tantalizing than a Love Island bombshell walking into the villa. The price bounces between $566.77 and $577.74, forming a sneaky little upward-sloping channel. It’s like SPY’s playing hard to get, teasing traders with a “Will I rally? Will I crash?” vibe that’s got everyone on edge. The Stochastic Oscillator hovers below 50, like a villa couple who’s “just talking” but definitely not coupled up yet.
This consolidation is the “flag” in the bearish flag pattern, and it’s a classic setup. Think of it as SPY taking a quick breather after its big fall, sipping a cocktail by the pool before diving back into the drama. Bearish flags are continuation patterns, meaning the price is likely to keep falling after this little flirt-fest. It’s like when you’re watching The Masked Singer—you know the reveal’s coming, but the suspense is what keeps you glued to the screen. And trust me, you won’t want to miss the next act.
Act 4: The Breakout—SPY Says “I’m Out!” Like a RuPaul’s Drag Race Exit
Mid-February 2025 arrives, and SPY decides it’s done with the games. The price breaks below the lower trendline of the flag at $566.77, and it’s like watching a RuPaul’s Drag Race queen sashay away after a lip-sync battle: dramatic, fierce, and leaving the bulls in the dust. The breakout confirms the bearish flag pattern, and the bears are strutting their stuff like they just won the crown. 👑
The price doesn’t just dip—it plunges to $546.33 by late March 2025, a further drop of $20.44 (or 3.6%) from the breakout point. The Stochastic Oscillator dives back into oversold territory, confirming the bearish momentum is back with a vengeance. SPY’s basically telling the bulls, “You better work—because I’m not!” as it leaves them gagging on the runway.
Let’s talk about the measured move—the price target for this bearish flag. We take the length of the flagpole ($41.21) and project it downward from the breakout point ($566.77). That gives us a target of $525.56. SPY doesn’t quite hit that mark—it bottoms out at $546.33—but it gets close enough to make traders sweat harder than a Chopped contestant with 30 seconds left on the clock. It’s a solid performance, even if it didn’t stick the landing perfectly.
Pop Culture Parallels: SPY’s Bearish Flag Is a Reality TV Showdown
Let’s take a step back and look at this chart through a pop culture lens, because SPY’s bearish flag is basically a reality TV showdown. The initial uptrend from October to January is the honeymoon phase—think The Bachelor contestants on their first group date, all smiles and champagne. 🥂
The flagpole drop in mid-January is the drama bomb, like when a contestant gets caught kissing someone else in the hot tub. The consolidation phase is the confessional montage, where everyone’s talking smack and plotting their next move. And the breakout? That’s the rose ceremony—SPY’s handing out its final rose to the bears, and the bulls are sent packing with nothing but a suitcase and some tears.
Trading Tips: How to Slay This Bearish Flag Like a Drag Race Superstar
Now that we’ve had our fun, let’s get down to business. How can you trade this bearish flag like a Drag Race superstar? Here’s the tea, served piping hot:
1. Short the Breakout (Sashay, Don’t Shantay)
When SPY broke below the flag at $566.77, that was your cue to short the stock faster than you can say “Sashay away!” A short position here could’ve netted you a $20.44 gain per share as the price dropped to $546.33—enough to buy yourself a new wig for the next challenge.
2. Set a Stop-Loss (Don’t Get Read for Filth)
To avoid getting read for filth by a fake-out, set a stop-loss above the flag’s upper trendline at $577.74. That way, if the breakout flops harder than a Drag Race comedy challenge, you’re safe.
3. Target the Measured Move (Go for the Crown)
The measured move target of $525.56 was the goal, but SPY stopped at $546.33. That’s still a win—like making it to the top 4 but not snatching the crown. If you’d shorted at the breakout, you’d be serving looks and profits.
4. Watch for a Bounce (Don’t Sleep on the Comeback)
As of late March 2025, SPY’s at $546.33, and the Stochastic is oversold. This could mean a short-term bounce is coming, like a Drag Race queen returning for an All-Stars season. Keep an eye on resistance at $566.77 and $577.74—if SPY breaks above those, the bears might be in for a shady twist.
The Bigger Picture: Is SPY’s Downtrend the New Black?
Let’s zoom out for a hot second. Before this bearish flag, SPY was in a strong uptrend for months, living its best life like a Vogue cover star. This pattern marks a potential trend reversal, like when skinny jeans went out of style and baggy pants became the new black. If the downtrend continues, the next support level could be around $540—or even lower if things get really messy.
But here’s the million-dollar question: is this the start of a bigger bear market, or just a temporary dip? It’s like trying to predict the winner of Survivor—nobody knows, but everyone’s got a theory. The Stochastic being oversold suggests a bounce might be near, but the overall trend is still bearish. So, keep your wits about you, because this market’s shadier than a Real Housewives dinner party.
Why This Chart Is More Addictive Than a Love Is Blind Binge
If you’re still here, you’re officially obsessed—and I don’t blame you! This SPY chart is more addictive than a Love Is Blind binge because it’s got all the elements of a great reality show: drama, suspense, and a cast of characters (the bulls and bears) who can’t stop fighting. The bearish flag is the villain we love to hate, and the price action is the love triangle we can’t stop watching.
Plus, trading is a lot like reality TV. You’ve got your highs (the uptrend), your lows (the flagpole drop), and those messy in-between moments (the consolidation). But when the breakout happens, it’s like the finale episode where someone finally gets engaged—or in this case, the bears get their moment in the spotlight. 💍
Final Thoughts: Don’t Miss the Next Episode of SPY’s Reality Show
SPY’s bearish flag breakdown is a masterclass in technical analysis, wrapped in a package of drama and sass that’d make even the most stoic trader crack a smile. Whether you’re a Wall Street pro or a newbie just here for the tea, this chart has something for everyone.
So, what’s next for SPY? Will it hit that $525.56 target, or will the bulls stage a comeback like a Love Is Blind couple at the altar? Only time will tell, but one thing’s for sure: you won’t want to miss the next episode of this reality show. Keep your eyes on the chart, your finger on the trigger, and your sense of humor intact—because in the world of trading, you’ve got to laugh to keep from crying. 😜
Join the Trading Villa!
If you loved this recap of SPY’s bearish flag drama, don’t ghost me like a Love Island ex! Drop a comment with your thoughts—are you shorting SPY, or are you waiting for a bounce? And if you want more trading tea, puns, and reality TV references, hit that follow button faster than you can say “I’m here to make friends.” Let’s spill the tea and make some money together! 🍵
Silver H4 | Approaching pullback supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 34.10 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 33.68 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 34.64 which is a level that aligns with the 127.2% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SILVER BULLISH BREAKOUT|LONG|
✅SILVER is trading in a
Strong uptrend and the price
Made a bullish breakout of the
Key horizontal level of 3420$
On the trade war fears
Which reinforces our bullish
Bias and makes us expect a
Further bullish move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program a nd receive a monthly fee for using their TradingView charts in my analysis.
SPY/QQQ Plan Your Trade For 3-27-25 : Breakaway PatternToday's Breakaway pattern suggests the markets will continue to melt downward (possibly attempting to fill the Gap from March 24).
I strongly believe the SPY/QQQ are completing the "rolling top" pattern I suggested would happen near or after the March 21-24 TOP pattern my deeper cycle research suggested was likely.
At this point, things are just starting to line up for a broader market decline while the current EPP pattern plays out as a Breakdown of the EPP Flagging formation (moving into consolidation).
Gold and Silver are RIPPING higher. Yes, I do expect a little bit of volatility near these recent highs. But, I also expect metals to continue to rally higher from these levels over the next 10-15+ days. Watch the video.
Bitcoin is stalling/topping - just as I suggested it would months ago.
Now we see how the market move into this new trending phase and how far this current trend will drive price trends. I believe the SPY/QQQ/Bitcoin will all continue to move downward while Gold/Silver move (RIP) higher on this breakaway move.
This is a PERFECT trader's market.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
GOLD H1 Market Update: Bear Trap / liquidity sweep BUY DIPS📊 Technical Outlook update
🔸Bullish OUTLOOK
🔸3050 USD Resistance Heavy
🔸3000/3040 Trading Range
🔸2990 potential Bear Trap
🔸Price Target BULLS: 3100 USD - 3150 USD
🔸Recommended Strategy: BUY DIPS 2990
📊 Gold Market Summary – This Week
💰Gold Price Surge: Gold prices soared above $3,000, prompting Bank of America to raise its price target.
💸Profit-Taking Pressure: After the surge, mild profit-taking caused a slight price correction.
🛡️Safe-Haven Demand: Gold continues to show strength, supported by safe-haven flows amid economic uncertainty.
📅 Economic Data Impact: U.S. economic data (e.g., 0.9% rise in durable goods orders) is influencing gold prices, pushing them to session highs.
🔄Consolidation with Bullish Outlook: Gold is consolidating but remains bullish due to favorable U.S. dollar performance and Federal Reserve policies.
🌍Geopolitical Tensions: Ongoing Russia-Ukraine conflict and U.S.-Russia tensions continue to support gold’s status as a safe-haven asset.
💎 Summary:
Gold remains resilient with strong demand, positive economic indicators, and geopolitical tensions supporting its value, despite minor price corrections.
Mid-Week Analysis March 27-28: USD FX Majors Stock Indices, ...In this video, we look back on the forecasts from this past weekend, and check how they are playing out to this point in the week.
USD Index, S&P500, Nasdaq ,Dow Jones, Gold, Silver, Platinum, Copper, EUR, GBP, AUD, NZD, CAD, CHF, JPY.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SPY/QQQ Plan Your Trade for 3-26-25 : Flat-Down PatternToday's Flat-Down pattern for the SPY/QQQ suggests the markets will consolidate in a sideways channel, generally drifting downward.
As I've been warning all of you for the past month+, the market will likely roll over into a topping formation over the next few days, then start an aggressive downward trend targeting $525-535 on the SPY.
Today's video covers some details related to my expectations and how traders can prepare for the bigger moves I see pending.
Gold and Silver are poised for a potentially BIG BREAKOUT move to the upside. And I still believe Gold/Silver are going to rally another 15-20% within the next 30-45 days.
Bitcoin should follow the SPY/QQQ into a "rollover top" type of pattern then shift into a downward price trend over the next few days.
Everything is following my predictions/expectations almost perfectly.
Now, we try to profit from some of these big moves.
Go get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
XAGUSD Channel Up aiming for the new Higher High.Silver (XAGUSD) has been trading within a Channel Up for exactly year (since the March 27 2024 Low). Its current Bullish Leg started on the December 31 2024 (Higher) Low after almost touching the 1W MA50 (red trend-line).
Once the price broke above the 1D MA50 (blue trend-line) on January 28 2025, it remained above it ever since, which is what happened on both previous Bullish Legs. We expect a +30% rise and a test of the 1.382 Fibonacci extension as the previous Higher Highs. Our Target is just below that at 37.000.
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👇 👇 👇 👇 👇 👇
Silver Rises as Markets Eye Trump TariffsSilver rose above $33 on Tuesday, rebounding as trade and economic concerns supported safe-haven demand. Hopes that Trump may adopt a more targeted tariff plan ahead of the April 2 deadline offered some relief, though his new pledges to tax autos and pharmaceuticals added uncertainty. Expectations of further Fed rate cuts also supported silver. Markets now anticipate one cut in June, another in September, and growing chances of a third in December.
If silver breaks above $33.80, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Silver H1 | Falling to an overlap supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 33.56 which is an overlap support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 33.15 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement.
Take profit is at 34.18 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SILVER IS UNDERVALUED - A trade of a decade!Silver is undervalued! The pattern is over 50 years old and on a massive timeframe.
Silver and gold are always a good add to a strong portfolio. Currently it's in the progress of completing the handle of the cup and handle. 48$ will be a big resistance, but after that it will gap up over years to it's 1.618 as target. This wil take a give or take 10 years.
XAG/USD Trade Ideas: Navigating Key Resistance and Support ZonesSilver 's Next Move: Technical and Fundamental Insights for XAGUSD Traders 🚀📊
Technical Analysis 📊
The chart provided is a 4-hour chart of Silver (XAG/USD) with Fibonacci retracement levels applied. Here's a detailed technical breakdown:
Trend Analysis 📈:
The price has recently rebounded from a low near $32.90 and is now trading at $33.66.
The short-term trend appears bullish, as the price has made a higher low and is attempting to break higher.
Fibonacci Retracement Levels 🔢:
The Fibonacci retracement levels are drawn from the recent swing high to swing low.
The price has retraced to the 50% Fibonacci level ($33.35) and is now testing the 0% retracement level ($33.80), which acts as resistance.
The 61.8% retracement level ($33.24) and 78.6% retracement level ($33.09) are key support zones if the price pulls back.
Resistance and Support 🛑🛠️:
Resistance: The immediate resistance is at $33.80 (0% Fibonacci level). A break above this level could open the door to further upside, targeting $34.25 (50% Fibonacci extension).
Support: The first support is at $33.35 (50% Fibonacci level), followed by $33.24 (61.8% Fibonacci level).
Candlestick Patterns 🕯️:
The recent candles show indecision near the resistance level, indicating a potential pause or reversal.
If a strong bullish candle forms above $33.80, it would confirm a breakout.
Momentum 🚀:
The price is showing bullish momentum, but the resistance at $33.80 needs to be cleared for further upside.
Fundamental Analysis 🌍
Silver's Role as a Safe Haven 🛡️:
Silver often acts as a hedge against inflation and economic uncertainty. If there are concerns about global economic stability or inflationary pressures, silver demand could increase.
US Dollar Impact 💵:
Silver is inversely correlated with the US Dollar. If the USD weakens due to dovish Federal Reserve policies or poor economic data, silver prices could rise.
Industrial Demand ⚙️:
Silver has significant industrial applications, particularly in electronics and renewable energy. Any positive developments in these sectors could support silver prices.
Upcoming Economic Events 📅:
The chart shows upcoming economic events (likely US-related). If these events lead to USD weakness or increased market uncertainty, silver could benefit.
Trade Idea 💡
Scenario 1: Bullish Breakout 🚀
Entry: Buy above $33.80 (on a confirmed breakout).
Target: $34.25 (50% Fibonacci extension) and $34.50 (psychological level).
Stop Loss: Below $33.35 (50% Fibonacci level).
Scenario 2: Pullback and Rebound 🔄
Entry: Buy near $33.35 (50% Fibonacci level) or $33.24 (61.8% Fibonacci level) if the price pulls back.
Target: $33.80 (0% Fibonacci level) and $34.25.
Stop Loss: Below $33.00.
Scenario 3: Bearish Reversal 📉
Entry: Sell below $33.24 (61.8% Fibonacci level) if the price fails to hold support.
Target: $33.00 and $32.90.
Stop Loss: Above $33.50.
Conclusion ✅
The current setup favors a bullish bias 📈, but the resistance at $33.80 is critical. A breakout above this level could lead to significant upside, while a failure to break higher may result in a pullback to key support levels. Monitor price action closely around the Fibonacci levels and upcoming economic events for confirmation. ⚠️
Disclaimer ⚠️
This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct your own research or consult with a licensed financial advisor before making any trading decisions.
SPY/QQQ Plan Your Trade For 3-25-25 : Top PatternToday's Top Pattern suggests the SPY/QQQ will find resistance slightly above yesterday's closing price level and attempt to roll over into a bearish price trend.
Watch today's video to see which levels I believe will be the top for the SPY & QQQ.
I do expect metals to rally over the next 3+ weeks and I'm watching for this morning's bounce to carry onward and upward.
Bitcoin should be rolling downward off that FWB:88K top level I predicted months ago.
We are moving into a topping phase - so get ready for the markets to attempt to ROLL DOWNWARD over the next 5+ trading days into a deeper low price level.
Get some.
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Silver H1 | Falling to swing-low supportSilver (XAG/USD) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 32.85 which is a swing-low support.
Stop loss is at 32.54 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement.
Take profit is at 33.56 which is a swing-high resistance that aligns close to the 61.8% Fibonacci retracement.
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Tariff Fears Drive Silver to $33.10Silver rose above $33.10 per ounce on Tuesday, snapping a four-day losing streak. The market focused on U.S. diplomatic efforts in the Russia-Ukraine conflict and escalating violence in the Middle East after an Israeli airstrike on a Gaza hospital.
A weaker U.S. dollar also supported silver, with concerns growing that Trump’s proposed tariffs could slow economic growth, fueling speculation of further Fed rate cuts. Meanwhile, investors assessed China’s outlook after Premier Li Qiang urged global cooperation to stabilize economic conditions.
If silver breaks above $33.75, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
SILVER SHORT FROM RESISTANCE
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,314.3
Target Level: 3,276.5
Stop Loss: 3,339.5
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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SPY/QQQ Plan Your Trade for 3-24-25 : Bozu Trending PatternToday's Bozu Trending pattern suggests a very aggressive price move is likely. I believe this move will be to the upside after my weekend research suggested we are moving into a "blow-off" topping pattern that will act as a Bull Trap.
Overall, I belive the SPY/QQQ have about 2-3 days up upward price trending early this week, then the markets will suddenly roll into a topping pattern and start to aggressively move downward.
The next base/bottom of the continued downward price trend sets up in early/mid April. The March 21-24 base/bottom is likely the minor base/bottom we have seen over the past 3-5+ days.
I believe the breakdown in the SPY/QQQ late this week and into next week will result in a new lower low - causing the Consolidation phase of this downturn to extend down to the 520-525 level on the SPY.
Bitcoin is very close to my $88,000 upper target level (only about $250 off that level). Get ready, BTCUSD should make an aggressive move downward after stalling near the FWB:88K level peak.
Gold and Silver are moving into a trending mode. I believe both Gold and Silver will rally this week and into the next few weeks as we expand into the Expansion phase.
Buckle up. If my research is correct, we are going to see a BIG ROLLOVER this week.
Get some.
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