Silver H4 | Falling to pullback supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 30.49 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 29.89 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 31.28 which is a pullback resistance.
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Silver
Silver about to break higher?Silver has held its own above its bullish trend line, potentially on the verge of breaking higher after a short-lived dip post US retail sales data.
Our gold and silver outlook remains bullish. With gold only a few dollars shy of hitting a new record high, silver could play catch up and head to a fresh multi-year high.
Gold's recent performance has been bolstered by a weaker dollar and reduced bond yields. Its strong gains in 2024 have reinforced its status as a reliable asset for wealth preservation amidst rising prices.
Silver, which has dual usages as a precious metal and industrial material, has been held back by weaker-than-expected Chinese data this week. But it is unlikely to completely decouple from gold. So watch out for a bullish breakout.
By Fawad Razaqzada, market analyst at FOREX.com
SILVER BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on SILVER right now from the resistance line above with the target of 30.431 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Gold & Silver May Rally 65% to 120% Before End Of 2025This updated research video highlights why I believe Gold and Silver are about to launch higher over the next 90+ days - into the upper ranges of my BreakAway phase. This move would represent a 20~25% move for Gold and a 35~45% move for Silver.
But the BIG MOVE won't happen till after November 2024. That's when I expect to see Gold make a large upward move targeting $3500~3750+ and Silver making a move targeting $40~55+.
Why am I so confident metals will make this aggressive move higher?
It comes down to two things.
A. If the US economy continues to be the 900-lb Gorilla compared to other global economies, then metals will become the primary or secondary hedge asset for most of the world (the US dollar being the other).
B. The turmoil related to a new US President (new policies, plans, foreign relationships) could present a very real tipping point for certain aspects of the global economy. And it does not matter if Trump or Biden wins. The reality is the world will be shifting quickly into a transition phase as we move closer to 2030.
Part of the Generational Cycle process that many people fail to understand is human psychology paired with excessive central bank manipulation over the past 20+ years. This has led to a very interesting global central bank predatory mode, which is currently playing out quite aggressively related to global currencies.
The primary hedge instruments are US-Dollar-based assets and metals. That will probably continue - but at a more significant demand rate.
All of this plays out as an incredible opportunity for skilled traders.
Go get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SILVER Will Move Higher! Long!
Here is our detailed technical review for SILVER.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 30.789.
Taking into consideration the structure & trend analysis, I believe that the market will reach 31.447 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
Silver is about to blast off for 3 weeks! (OPTIONS PLAY INSIDE) Livermore Accumulation Pattern is playing out, low is tomorrow till Wednesday, high will be July expiration to possibly end of July. Please check out my previous threads on AMEX:SILJ and NASDAQ:QQQ to see a repeating fractal that the market has been on since COVID.
Right now buy calls for $35 for July for $1-$2 and you're return will be 50-75-156x returns!!
NFA ;-)
Then there will be a plummet in silver, and it'll ride back up to tag $50 before EOY.
WEEKLY FOREX FORECAST July 15-19th: DXY OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th
In this video, we will cover:
USD Index, S&P500 NASDAQ GOLD SILVER US OIL
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.
BRIEFING Week #28 : Is this the real Signal this time ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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SILVER Is Very Bearish! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 30.620.
The above observations make me that the market will inevitably achieve 29.279 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 29.733 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): Bullish Outlook Explained
Silver may start growing next week after the market opening.
I see a nice bullish engulfing candle on a 4H time frame
after a test of a strong intraday horizontal structure support.
I think that the price will reach at least 31.2 level.
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SILVER Will Go Down! Sell!
Please, check our technical outlook for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 30.973.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 29.002 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
Wheaton precious Metals can push on to $90It could be a HOT summer for the gold and silver bugs
And the speculators in the mining sector!
WPM ( formerly Silver Wheaton #SLW)
Has a broken out of a inverse head and shoulders
Two targets provided
Also important to note this inv head and shoulders is a continuation pattern not a bottom pattern.
Silver's Bullish Rebound from $29.00 Support Silver has shown a robust recovery, bouncing back strongly from the crucial support level of $29.00, which is in confluence with the 50% Fibonacci retracement level from the last swing. This resurgence in the white metal's price is noteworthy, especially considering the recent United States (US) Retail Sales data. The retail sales grew meagerly by 0.1%, which was slower than the expected 0.2% increase and follows a 0.2% contraction in April. Despite this lackluster economic indicator, silver has managed to gain ground.
Adding to the positive outlook, there is a divergence on the stochastic indicator, suggesting that further gains could be on the horizon. Historically, silver tends to enter a bullish phase starting in July, often reaching new highs during this period. This seasonal trend adds further support to the potential for silver's upward movement.
In anticipation of market fluctuations, we have set a limit order to take advantage of any deeper retracements. However, our overall perspective remains decidedly bullish. We expect silver to continue its upward trajectory, potentially making new highs and possibly retesting the $35 area.
This strategic positioning aligns with historical patterns and technical indicators, reinforcing our confidence in silver's bullish prospects. Investors should keep a close eye on market developments and be prepared to capitalize on the anticipated rise in silver prices.
Silver could be heading to a new 2024 highFollowing the release of today’s weaker-than-expected US CPI report, the US dollar slumped and bond prices rallied. This helped to fuel a fresh rally in precious metals. As well as silver we saw big gains for the small-cap Russell 2000. With rate cut expectations on the rise, our silver forecast remains positive.
Given the recent break out from the bull flag pattern, silver could be heading above $32.50, the high from May. But the potential is there for a massive continuation thereafter, with $35 being the next immediate target.
By Fawad Razaqzada, market analyst at FOREX.com
DAILY FOREX MARKET WATCH: SILVER IS BULLISH!Silver is the market analyzed.
After respecting the W +FVG, a bullish BOS followed.
The D1 shows another +FVG was formed, a bullish indication.
I am looking for the D1 +FVG to be tested before price heads higher. It would be a great POI to
long from.
If you like the video, give a thumbs up and subscribe!
And thanks!
May profits be upon you.
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.
SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 29.811 area.
✅LIKE AND COMMENT MY IDEAS✅
Silver Forecast: A Potential 10,000 Pip Surge on the Horizon!I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why:
Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term.
From a strictly technical standpoint, as mentioned, we've been stuck in a range for over a year, with a clear resistance level around the $26 zone. If the bulls manage to break above this significant level, considering the one-year-long accumulation, I believe we could witness an explosive rise that might propel Silver to $35, with a potential pit stop at interim resistance around $30.
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD
HELLO TRADERS
Tendency under bullish pressure after the price create a bullish flag pattern
TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line around 30.84 and 31.49 , indicates selling have already increase this level , so if the price stable turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 29.39 and 28,88 , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 30.05 , after rising to the resistance level around 30.84 , then stable above this level reach 31.49 ,
if the price breaking turning level reach a support level at 29.39 , then stabilizing below this level reach a 28,88
TARGET LEVEL :
RESISTANCE LEVEL : 30.84 , 31.49
SUPPORT LEVEL : 29.39 , 28,88
SILVER My Opinion! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 31.223
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 30.522
Safe Stop Loss - 31.696
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Silver: Thoughts and Analysis Today's focus: Silver
Pattern – resistance stall, continuation
Support – $28.70
Resistance – $31.30
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue?
We have run over what we are looking for to confirm this and some warning signs to watch out for as well.
Good trading.