Silver
SPY/QQQ Plan Your Trade Update : GOLD Breakout WINNERGetting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD.
This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos.
I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold moves above these levels. I warned not to hold positions above $2585-2593.
In fact, I'm expecting a bit of a metals flash-crash event to take place near mid-October.
But, today is a winner day for gold traders. A HUGE WINNER day.
I'm so happy to hear from all of you about your success with my Plan Your Trade videos.
This is what it is all about - help you become a more skilled trader.
Get some.
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SILVER - Macro and Micro Outlook for 2024/2025I think we are seeing a new run in Silver about to happen on higher timeframes to be honest and I intend to be long on this when the opportunities arise. We should see next level up at $35. It has been chilling sideways for the better part of about 3.5 years I think? What a good consolidation period honestly.
Intraday - Im liking the PA we got so far in Aug/Sept and I think we can find some bullishness into Q4 and ride that. If it turns it turns, dont hang onto a dead trade obviously but the odds are in favor of upside
INVALIDATION -Breakdown below anything significant will be my invalidation and we will shelf this for another decade lmao
XAUUSD possible breakout soonXAUUSD is currently trending upward, making higher highs as it approaches the top of its established range. This resistance zone is crucial; a breakout above it could pave the way for higher levels, potentially up to 2550. With the CPI news release expected today, there's a possibility that the price may bounce off this range top and continue sideways in the short term. However, the price action at this key level could also signal an impending breakout to the upside, especially if the news is favourable. A breakout would suggest a shift in bullish momentum, while a rejection would likely confirm continued range-bound trading. The target is resistance at 2540
SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 29.02823$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-12 : BreakAway PatternMuch like yesterday's pattern, today is a Breakaway pattern for the SPY.
I believe today's price move will be more muted than yesterday's big rally off the 540 lows.
Combining the 830 jobs data with price expectations is difficult. I believe jobs data will be relatively soft, and traders will interpret that as the Fed may decrease rates before the end of this year. But I believe traders will be wrong, and the markets will flatten out this afternoon (after some morning volatility).
Ultimately, the Fed is very confident that it will leave rates where they are unless something breaks. And because of that, I believe traders are trying to WISH the Fed into making a move.
Because of this dynamic, I believe hedge assets will continue to melt upward and we will move into a fairly consolidated price period between now and the Nov 5 election.
Overall, I believe most of today's price action will take place before Noon ET. Buckle up and prepare to take the afternoon off if my research is correct.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
XAGUSD One final Low remaining.Silver (XAGUSD) has been trading within a 2-year Channel Up pattern and since its last Higher High (top) on the week of May 20 2024, it has been declining on the new Bearish Leg. The price already broke below the 1D MA100 (red trend-line) and so far seems to be replicating the Bearish Leg (Channel Down) of May - September 2023.
With the 1D RSI sequences between the two fractals also similar, we expect Silver to make one final Low just below the 1W MA50 and above the 0.618 Fibonacci level, before bottoming and rebound. Our Target is 26.500.
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SILVER Is Going Down! Sell!
Take a look at our analysis for SILVER.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 28.846.
The above observations make me that the market will inevitably achieve 28.581 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Silver H4 | Overlap resistance at 50% Fibonacci retracementSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 29.87 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 27.77 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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. 62% 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. 59% 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: Strong Bearish Bias! 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 28.49158$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-11 : Inside BreakawayToday's pattern suggests the SPY will open within yesterday's price range and attempt to "break away" from yesterday's range.
I still believe we are moving into a secondary Excess Phase Peak pattern (flagging higher), which will prompt the SPY to attempt to rally to near 560. Because of this, I'm expecting a continued upward push toward the 558-560 area before it stalls and tops out.
I suggest traders prepare for a lot of morning volatility today in early trading, followed by a strong push into higher price trending (upward) as today's BreakAway plays out.
Gold and Silver are making a decent move higher - as I suggested. Remember, Gold and Silver will peak out within the next 4~5 days and will likely reach a sudden peak/top after Sept 20th, resulting in a quick, deep-V type collapse.
I expect metals to move into that Deep-V base/bottom before October 11~14 (roughly).
The US markets and Metals will suddenly flash-crash as we move closer to the US elections. This move will likely be news or event-related. But I feel it is inevitable at this point.
Bitcoin will likely follow gold/silver and move into a moderate flash crash mode nearly simultaneously as metals.
Get ready. This flash crash trend should be a great opportunity for skilled traders.
Get some.
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GOLD is going to start getting much cheaper in SILVER terms.Gold has been on an absolute tear lately as the de facto U.S. corporate government has been printing and spending FRNs (Federal Reserve Notes) into oblivion. As a result, real money is gaining value against the Federal Reserve's monopoly money. Naturally, those who saw the money devaluation coming have been buying gold to preserve their purchasing power, but silver has been lagging behind, even though it has also been appreciating. Although the price of precious metals is, and will continue to be, on the rise, the price of gold is about to get much cheaper in terms of silver. Instead of buying gold, I believe the best move right now is to buy silver, hold it, and once the exchange rate drops to the 35/45 to 1 area, then exchange your silver for gold.
I believe that in the next year to a year and a half, we will see the price of gold cut in half in silver terms, which means it will take half the silver to buy the same amount of gold, effectively doubling the purchasing power of silver versus gold.
Good luck!
SPY/QQQ Plan Your Trade For Sept 10 : Consolidation CarryoverToday will likely be similar to yesterday - but slightly more consolidated overall.
I belive the markets are struggling into a dual Excess Phase Peak Flag (Step #2) and the SPY/QQQ show this very clearly.
This dual Excess Phase Peak pattern will result in either a breakdown in price (starting after Sept 20th or so) or a continued rally phase breaching the Unique & Ultimate Fibonacci High price levels.
Ultimately, I believe the breakdown potential is higher at this point than the continued rally phase. That is why I'm asking traders to prepare for a top near Sept 20-25 and to move assets into CASH as we melt upward over the next 5+ days.
If my research is correct, the second Excess Phase Peak pattern will prompt a breakdown in price - resulting in an attempt to find support above recent (60-90 day) lows. And that will reflect a -9-14% drawdown in price.
If I'm wrong and we don't see this breakdown in price, then we'll see price struggle to move higher and eventually break the recent ATH levels.
Watch this video to learn how the Excess Phase Peak patterns setup.
Get some.
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SILVER: Local Correction Ahead! 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 28.69500$
Wish you good luck in trading to you all!
XAGUSD - Silver on the rise?Silver is below the EMA200 and EMA50 in the 4H timeframe and is trading in its descending channel
If the drawn upward channel is maintained and its valid failure is not achieved, silver's upward path will be possible up to $29
If silver rises and falls within the specified supply zone, we can look for silver sell position
Silver H4 | Potential bullish reversalSilver (XAG/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 27.77 which is a multi-swing-low support.
Stop loss is at 27.00 which is a level that lies underneath an overlap support and the 78.6% Fibonacci retracement level.
Take profit is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
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. 62% 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. 59% 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 BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
SILVER pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.896 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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SILVER (XAGUSD): Long From Support
I see a nice buying opportunity on Silver.
The test of a key intraday/daily structure support triggered a strong bullish reaction.
A double bottom was formed, and we see a bullish movement above the neckline
this morning.
I think that the price will keep growing at least to 28.61
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SILVER On The Rise! BUY!
My dear friends,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 28.098pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 28.246
Recommended Stop Loss - 27.576
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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