SILVER Under Pressure! SELL!
My dear friends,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 29.143 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 28.955
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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WISH YOU ALL LUCK
Silver
XAGUSD / Silver - Ideahey Guys,
Yearly Chart: Corrective mode since 2011 (Bearish Pressure)
2023 ->inside Bar closed above middle line -> Bullish
Conclusion = neutral - Happy to take both sides of the trade since we are seeing a balanced market since 2011.
Most important lines for a Breakout: 32.3
For Bears: 28.3
Until a clear break of 32.3 (on a closing base) I am still neutral - bearish on the yearly chart. Below 28.3 I am very Bearish.
Targets are mentioned above as well as below.
Quarterly: breakout above the inverted H&S Neckline with reaching all targets in one candle. - closed below 30.00 --> important High.
Monthly: Inside Bar at crucial line of 30.00 but still in a rising channel. Stochastic is turning down. Expected Sideways Formation for a while.
3D: Oversold area - likely to see a bounce from here to test the 32.3 area again. I will be happy to take a Signal from there since we are Consolidating at the Higher TFs as well and I would like to sell from that area again.
Thanks for reading…
SILVER: Bearish Continuation is Expected! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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SILVER SHORT FROM RESISTANCE
Hello,Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.387 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair.
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Gold Glimmering with Hope: Job Data Fuels Short-Term Price RiseGold prices in overseas markets experienced a welcome climb on Friday, snapping a three-day losing streak. Spot gold at the Comex exchange, a key benchmark, rose by $17 to $2,322 per ounce. This upward movement can be attributed to two key factors: recent US jobless data and ongoing uncertainty surrounding the Federal Reserve's monetary policy.
The release of US unemployment data on Thursday played a pivotal role in boosting gold's appeal. The data hinted at a potential softening in the previously red-hot US labor market. This has sparked speculation among some analysts that the Federal Reserve may consider slowing down its aggressive interest rate hike plans in the near future.
The Fed has been raising interest rates to combat persistent inflation. However, these rate hikes tend to strengthen the US dollar, making gold – a non-interest-bearing asset – less attractive to investors. So, any indication of a pause or slowdown in the rate hike cycle can be seen as positive news for gold prices.
This sentiment was further bolstered by the performance of silver, another precious metal often viewed as a proxy for gold. Silver prices also rose, climbing to $29.20 per ounce from the previous day's closing of $28.94.
Looking at the bigger picture, the overall outlook for gold prices in the short term remains somewhat bearish. The Fed's hawkish pronouncements, persistent inflation concerns, and a potentially strengthening US dollar continue to pose headwinds for the precious metal.
Here's a breakdown of the key factors influencing gold prices:
• Weakening US Labor Market: The recent US jobless data suggesting a potential slowdown in the labor market has fueled speculation of a pause in interest rate hikes by the Fed, which could benefit gold prices.
• Federal Reserve Policy: The Fed's aggressive tightening of monetary policy through interest rate hikes is a major challenge for gold. Higher rates strengthen the dollar and make gold less attractive as an investment.
• Inflation: Inflationary pressures remain a concern, and the upcoming PCE data release could significantly impact gold prices. A higher-than-expected inflation reading could reinforce the need for continued rate hikes, putting downward pressure on gold.
• US Dollar Strength: A strong US dollar makes gold more expensive for foreign investors, further limiting demand.
While the short-term outlook may be uncertain, gold's long-term value proposition as a safe-haven asset remains intact. Investors seeking a hedge against inflation and economic uncertainty may continue to view gold as a valuable addition to their portfolios.
In conclusion, gold prices experienced a temporary reprieve on Friday, driven by hopes of a shift in the Fed's monetary policy. However, the release of key inflation data later in the day and the broader economic landscape continue to cast a shadow on the short-term prospects for gold. Investors should carefully consider all these factors before making any investment decisions.
SILVER Massive Run Coming (Timeframe 1-7 years)
I think TVC:SILVER might be preparing for a Massive Breakout from a 45 YEAR consolidation period. This will happen gradually over the next few years. I think current prices are great for getting in to this. I have been buying up silver weekly for the last 2 months on Revolut as an auto-purchase, and will continue to do so. GOLD has had its breakout already. Silver will follow.
Here's the macro to my theory:
Industrial Demand Boom: With the rapid expansion of green technologies, especially solar panels and electric vehicles, the demand for silver over the next years is set to skyrocket. Silver’s unique properties make it indispensable in these growing industries.
Economic Uncertainty: Amidst global economic volatility and geopolitical tensions, silver remains a reliable safe-haven asset. As investors seek refuge from market turbulence, silver will shine as a go-to investment.
Inflation Hedge: With inflationary pressures mounting globally, silver offers an excellent hedge. Its intrinsic value and historical performance during inflationary periods make it a must-have in any portfolio.
Supply Constraints: Mining and production challenges are limiting silver supply, creating a perfect supply-demand imbalance. This constraint will drive prices higher as demand outpaces supply.
Technological Advances: Innovations in medical technology and electronics continue to find new uses for silver, further increasing its demand.
📈 Technical Analysis: Chart patterns are indicating a very bullish trend. Text book 45 year cup and handle formation, Ascending Triangle with strong support levels and upward momentum. Silver is breaking out of long-term resistance zones, setting the stage for an explosive upward move.
💡 Investor Sentiment: Sentiment is turning overwhelmingly positive. Market analysts and experts are predicting a significant price surge, with some forecasting silver reaching unprecedented highs. ($100-200)
Silver H4 | Potential bullish bounce of 61.8% Fibonacci supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 28.71 which is a pullback support that aligns close to a 61.8% Fibonacci retracement level.
Stop loss is at 27.65 which is a level that sits under a pullback support.
Take profit is at 29.71 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
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WEEKLY FOREX FORECAST: INDICES, GOLD, SILVER, US OILThis is Part 2 of the Weekly Forex Forecast.
In this video, we will cover:
S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL
Enjoy!
May profits be upon you.
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Thank you so much!
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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 - Playing Out Perfectly!In our last analysis we identified the picture perfect higher timeframe impulse schematic.
We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear.
We now have the wave 4 correction and we are halfway through it.
On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below:
We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below:
Trade Idea: Blue Move (LONG)
For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs.
Trade Idea: Red Move (SHORT)
We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity.
Goodluck and as always, trade safe!
The Silver Trap: Don't Fall for the Bullish BreakoutI'm about to say the obvious: Silver doesn't want to rally. It teases the bulls, reaching levels where they can finally breathe a sigh of relief, only to slide back down. Let me illustrate this on the chart. Imagine you're looking at the chart on June 06, and there's nothing to the right (just cover it up with your hand or a piece of paper). You see a big "bullish" candle, breaking through local resistance – it's a classic setup. Tempting, right? Did you take the bait? I did, hundreds of times. But after 2 years of studying algorithmic trading and testing this pattern, I realized it doesn't work as advertised. Hundreds of hours of testing didn't yield long-term positive results. However, trading against this "breakout" pattern showed promise.
Here's the point of this post: subscribers know we never rely on a single factor or sentiment. We use multiple data sources to gain an edge. But there's a secret method that works almost as well: looking at the chart through the eyes of "smart money" – big players who know how to use retail traders' patterns against them. They see opportunities and liquidity, and they're not afraid to use it. Hundreds of hours of testing confirm this. So, be cautious of that bullish breakout – it might just be a trap.
Buy Silver (XAG/USD) Triangle BreakoutThe XAG/USD OANDA:XAGUSD pair on the M15 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 29.53
Target Levels:
1st Resistance – 30.08
2nd Resistance – 30.47
Stop-Loss: To manage risk, place a stop-loss order below 29.30. This helps limit potential losses if the price falls back unexpectedly.
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SILVER The Target Is UP! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 29.624 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.104
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Silver consolidation continues ahead of potential breakoutSilver is currently in a bullish consolidation phase, which should not be mistaken for a sign of weakness. Despite the recent strengthening of the US dollar, silver’s long-term bullish trend remains intact.
Silver was testing support around $29.50 at the time of writing after a sharp drop on Friday. But this volatility is all inside a bullish continuation pattern. Key support lies around $28.70, and for as long as we hold above this level, the path of least resistance remains to the upside.
Given silver's struggles to maintain above $30, it may be wise to await confirmation on lower time frames before potentially trading the metal on the long side.
Key upcoming events include the French parliamentary elections on June 30, and significant US economic data releases, such as the May core PCE inflation on Friday, followed by the June non-farm jobs report and the month's CPI report in the following two weeks. These events could impact the dollar and, consequently, silver prices.
By Fawad Razaqzada, market analyst at FOREX.com
MarketBreakdown | Dollar Index, Silver, EURCAD, WTI Oil
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ Dollar Index #DXY daily time frame 💵
Dollar Index nicely respected a key daily horizontal resistance.
We see a nice bearish reaction to that today.
Because of the absence of important fundamentals,
I think that DXY may keep staying under a bearish pressure.
2️⃣ Silver #XAGUSD daily time frame 🪙
The price action on Silver contracts.
The market is currently stuck between 2 trend lines,
forming a classic symmetrical triangle formation.
Before the release of the news, the market will most likely
stay within the triangle, respecting its upper and lower boundary.
US fundamentals this week can be a catalyst for a breakout.
The side of the breakout will indicate you the future direction of the market.
3️⃣ #EURCAD daily time frame 🇪🇺🇨🇦
The market is approaching a significant confluence zone based
on a recently broken horizontal support and a trend line.
The broken structures compose a supply zone from where we may
see a bearish movement.
Patiently analyze the reaction of the price to that on lower time frames
and look for a confirmation to sell.
4️⃣ #WTI CRUDE OIL 🛢️
The market is currently stuck between 2 horizontal structures
within a narrow range.
I will wait for a breakout of one of the structures to confirm
where the market will go next.
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BRIEFING Week #25 : Still trying to Time the Market ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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SILVER Expected Growth! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 29.549
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 30.012
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 (XAGUSD): Important Breakout
Silver was accumulating for almost 2 weeks
within a narrow horizontal range on a daily.
The release of the yesterday's fundamentals
triggered a strong bullish movement and the market violated
the resistance of the range.
The broken structure now turned into support.
I think that growth may continue, at least to 31.3
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