SILVER Will Fall! 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 30.066.
Considering the today's price action, probabilities will be high to see a movement to 28.468.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Silver
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SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are targeting the 28.602 level area with our short trade on SILVER which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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Silver XAGUSD Bearish Robbery Plan to steal EverythingMy Dear Robbers / Traders,
This is our master plan to Heist Silver XAGUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
SILVER XAG/USD Money Heist Plan on BullishMy Dear Robbers / Traders,
This is our master plan to Heist SILVER "XAGUSD" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Silver (XAGUSD): Position Update and Next StepsWe entered at the wrong Fibonacci retracement level but still respected the 50% level very well, which is encouraging. Additionally, we’ve broken the bearish structure again and are now looking for more upside on silver after another slight dip.
This is our second entry on Silver, so we're taking some profits off the table here and might consider another entry on the upcoming dip. We considered moving the stop loss higher but have decided to keep it where it is for now, closing it manually if necessary.
As mentioned in the chat, taking profits is never wrong—you can't go broke by taking profits.
Let’s zoom in a bit here to find a nice small position play on the lower time frame for Silver. We have two Swings running in profit, and I personally want to increase my exposure to silver at this time. We’re going to bid on this wave (iv) at the 50% Fibonacci level with a tighter stop loss. We’ll update you once we’re filled or if we decide to cancel this bid. ✅
Gold Wash-out Low after Flag Apex. Need To See $2540+ On Close.Watch this video if you are trading gold. With a perfect Flag formation and a deep washout-low rotation, we need to see Gold rally back up to near $2540 to reach the Apex level again.
Any continued price weakness will show Gold may be attempting a deeper pullback after reaching $2570.
I believe Gold will settle very well into the end of the day. Possibly even reaching $2550+.
But, this is news-driven. This move is related to the geopolitical events taking place in Taiwan and other areas of the world.
Buckle up. Gold wants to move above $2602 - but it will be a struggle from now on.
Get some.
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SILVER XAGUSD Analysis: Thursday 22nd August.
Yesterday the Silver price hummed along nicely in concert with the Gold price, which of course XAUUSD Gold broke the 2500 level downwards at the start of the New York session. It was a false-break down & took many of the Long-Stops before the Gold Price shot upwards.
Concerning a bit for me yesterday was the number of Bearish Head 'n' Shoulders patterns on multiple timeframes. Now be aware of this very strong Bearish H & S's pattern for XAU USD on the 1HR timeframe.
How will it play out?
Well during the Oceania and Asian session the Gold price sold off again about 4 hours ago during Thursday early afternoon trading in Australia. I put out an alert to go long Gold around the 2500 support level & the Gold price has lifted nicely thanks to a bullish Cup and Handle pattern mostly on the 1m and 2m charts.
So if Gold continues it's strength going into the London and New York sessions then Silver should also be supported and should avoid triggering this Head's n Shoulders sell pattern. Price is awfully close to the neckline and it's possible price could be selling off now at time of writing.
In economic news on todays calendar Thursday 22nd August in the USA
1. 08:00 - USA Jackson Hole Symposium
2. 08:30am - Initial Jobless Claims for USA. 232k is the key number.
* (A higher than expected reading could be taken as negative/bearish for the USD)
So a number greater > than 232K could be supportive of the Gold and Silver price imo due to the inverse relationship between the USD and Gold.
3. 08:30 - Continuing Jobless Claims 1,870K (Forecast) 1,864K (Previous)
So a higher number than 1870K will support Gold
4. 09:45 - Manufacturing PMI (Aug) 49.5 (Forecast) 49.6 (Previous)
A number lower than 49.5 will be supportive of Gold, generally speaking.
5. 09:45 - S&P Global Composite PMI (Aug) 53.5 (Forecast) 54.3 (Previous)
6. 09:45 - Services PMI (Aug) 54.0 (Forecast) 55.0 (Previous)
Both of these PMI are supportive of Gold if they are lower numbers than forecast.
7. 0:00 - Existing Home Sales (Jul) 3.94M (Forecast) 3.89M (Previous)
A lesser number on existing home sales needed here for support on gold price.
SILVER (XAGUSD): More Growth is Coming?!
I see a confirmed structure breakout on Silver.
The price broke and closed above a key daily resistance.
We see its retest at the moment.
Presumably, the broken structure turned into support now.
The market may continue growth at least to 30.3 resistance.
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SILVER Is Very Bullish! Long!
Please, check our technical outlook for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 29.576.
Taking into consideration the structure & trend analysis, I believe that the market will reach 31.792 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER, very bullish outlookHello everyone,
I like to provide you a detailed elliot wave analysis on silver. In my opinion we are in the middle of a higher degree fifth wave. The elliot wave rules I use:
Standard:
- Wave 3 has to be the longest
- Wave 4 can not overlap with wave 1
Advanced:
- Target levels are 1,5 to 1,618 (wave 3) and 2.272 to 2.618 (wave 5)
- Wave 3 needs to show a change of character to wave 1 (usually steeper)
GOLD - Rockin' Higher (MACRO BULLISH!!!!)From a macro perspective, the bullish trend has just been confirmed. With the current worldwide uncertainty regarding monetary policies, the wars going on and the political conflicts people tend to swift towards safe havens like gold since their store of value does not deteriorate in an economic crisis, it's always on demand and easily convertible. History doesn’t repeat itself but it certainly rhymes.
We have two active Time at Mode weekly bullish trends.
First trend expires mid September with the highest target of $2,900.
Second trend expires in November with the highest target of $3,100.
Combining both short and longer term trends, we could easily expect price continuation toward $3,000's by the end of the year.
Silver Rebounds at Key Demand Zone: A Bullish ImpulseSilver recently rebounded from a significant Demand area around $28.48, marking the start of what appears to be a new bullish impulse. This recovery comes at a crucial moment, as market participants closely monitor the movements of precious metals amid fluctuating economic indicators and shifting sentiment in the broader market.
From a technical standpoint, the surge in Silver's price following this rebound is notable. The metal has managed to find strong support at this key level, suggesting that buyers are stepping in, possibly positioning for a sustained upward move. This aligns well with the latest Commitment of Traders (COT) report, which reveals interesting dynamics among the major players in the market.
The COT report, which tracks the positions of commercial and non-commercial traders, indicates a favorable environment for further bullish momentum in Silver. Non-commercial traders, often seen as speculators, seem to be gradually increasing their long positions, reflecting a growing confidence in Silver's potential upside. Meanwhile, commercial traders, who typically use futures contracts to hedge their positions, may be signaling the underlying strength in Silver by reducing their short positions.
Applying our Supply and Demand strategy, the recent price action further supports the case for a long continuation in Silver. The demand area around $28.48 has proven to be a robust support zone, and as Silver continues to build on this foundation, we anticipate the possibility of higher prices in the near term. The current market conditions, combined with the insights from the COT report, suggest that Silver may be poised for a strong rally.
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XAGUSD - Silver will reach 30$?!Silver is above the EMA200 and EMA50 in the 4H timeframe and is trading in its descending channel
If the upward movement continues and silver is placed within the specified supply Zone, we can look for silver sales situations
Correction of silver towards the specified trend line, which is also in the intersection with the demand zone, will provide us with a good buying position in terms of reward to risk
SILVER BEST PLACE TO SELL FROM|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 27.919.
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Repositioning Silver to buy H4 19.08.2024 Repositioning Silver to buy
Silver has formed a pattern of repositioning to buy
and if the pullback is given, I will look for a buy at 1/2 margin 27.90 to continue the growth.
I am targeting the area of 30, and further I will clarify.
On options bounced off the option hedge area at 26.50
and the hedge up around 30 and 32 is filled.
The main OI has now moved to the new December contract,
so be careful with volumes, they have only just started to come in from last week.
SPY/QQQ Plan Your Trade For 8-19 : Gap Potential (Consolidation)This short video shows you why I believe the US markets will move into a consolidation phase over the next 5-7 days. This phase will likely represent moderate volatility with a Bozu Trending bar on Tuesday (8-20).
That Bozu Trending bar may be very explosive in price range.
Sit back, wait for the lows to setup over the next 5+ days and position your trades for the bigger Vortex rally phase setting up in about 7+ days.
If my research is correct, by 8-26 or so, we should be moving back into the Vortex Rally phase again.
Gold, Bitcoin, Silver, SPY, QQQ and others will likely consolidate this week unless there is big news.
Get some.
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Silver H4 | Pullback resistance at 50% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 29.14 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 29.60 which is a level that sits above a pullback resistance.
Take profit is at 28.09 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
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BRIEFING Week #33: Market are bumpy, be cautiousHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil