XAGUSD possile long by demand zoneDaily bullish order block formed on 21st March. 22.40-15 strong demand zone for long, stop loss may place below 22.15. Target: 24.80. this setup will take time may few days even weeks.
Silveranalysis
BluetonaFX - SILVER CHART UPDATEHey Traders,
This chart ideas was shared last week. We shared targets and highlighted that if we saw support break below 23.854 pivot point, we will see the level below open to 22.904. This was hit perfectly once the level was broken.
We are now seeing the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) bottom being respected.
UPDATED LONG RANGE TARGETS
TARGET 1 - 23.854
TARGET 2 - 24.681
TARGET 3 - 25.097
TARGET 4 - 25.518
As long as price maintains above this level we should see a test to our targets above.
We will trade this movement in stages from support to resistance and maintain a Bullish stance overall.
Please like, comment and follow to support us, we really appreciate it.
BluetonaFX
DeGRAM | Silver short from kill zoneSilver is approaching the resistance level and the fibo level.
The market is in a bearish trend; it's making lower lows.
We anticipate a short opportunity from the kill zone.
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Extreme Overbought Dollar a Breather for XAGUSD TemporarilyAs dollar is in Extreme overbought condition there would be a room for metals to make small run to the top. However as silver and gold both has broken its daily chart support. This run to the top should be short live and a weekly close to :XAGUSD 21. level is expected
SILVER 21May2023there wasn't much change/movement in silver last week, it's still in a correction period so there could be a sudden and quite high upward movement. I stay focused on opportunities to find areas to short.
XAGUSD, Ready to jump?After 4 weekly range candle and sharp bearish leg, now we have a strong HTF support that includes (Bearish TrendLine, FTC Flipped Zone and Bullish Channel MiddleLine).
We still looking for more triggers, to ensure that pullback is done!
XAGUSD Trading Plan - 16/May/2023Hello Traders,
Hope you all are doing good!!
I expect XAGUSD to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Silver shorting
Silver has been in a low-level shock yesterday, and the current bearish pullback has ended, so today the bearish trend continues to be bearish.
Silver @sell23.95 tp 23.5~23.1.
Silver: Let the show begin…! 🎪Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath as silver then spirals upwards again, stopped only by the mark at $25.41, where it should rebound and glide further downwards. There is a 30% chance, though, that silver could gain too much upwards momentum and thus soar above the mark at $25.41. In that case, we would expect it to reach a new high in the form of wave alt.x in magenta first before turning downwards again.
BLUETONAFX - SILVER CHART IDEAHey Traders,
Please see updated chart setup for SILVER.
TARGET 1 - 24.681
TARGET 2 - 25.097
TARGET 3 - 25.518
Price is respecting the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS)
As long as price maintains above this level we should see a test to our targets above.
We will trade this movement in stages from support to resistance and maintain a Bullish stance overall.
Please like, comment and follow to support us, we really appreciate it.
BluetonaFX
Silver 14May2023the movement of silver looks bearish, but in my opinion this bearish is a correction from the bullish trend, this analysis will fail if the price drops more than the invalid area. we can take the opportunity to sell when the price of a possible correction rises in the SR Flip area
SILVERhello dear traders
see this price action of silver on dayli time frame
you can buy in 3 parts in the buy zone and sell betwaen 68 to 70 dollar on long term ...
why i should buy silver ?
Robert Kiyosaki has responded to the projections of gold crashing, arguing gold, silver, and Bitcoin are better than fiat currencies.
good luck
SILVER (XAG) - Bearish SETUPHi there,
For me , on daily chart this is looking very bearish, but i will not entry now with a short because we still need to wait for a break line ( red line ) and also, a Price action confirmation, afther that , if we close under the red line, i will short this .
But i think will be a nice trade with a good profit .
XAGUSD | SILVER to $200+Price is certainly eyeing $200.
When is the question..
By 2025 to 2027 maybe?
Silver (XAGUSD) is at support, will it break or hold?Silver price resumed its positive trading to succeed achieving our first waited target at 26.07, facing solid resistance there, to show some expected slight bearish bias, waiting to get positive momentum at 25.87 support that assists to push the price to resume the positive trades and breach the mentioned level to open the way to head towards 26.80 as a next main station, followed by 27.70
The MA50 continues to provide the positive support to the price, to continue suggesting the bullish trend for the upcoming period, noting that breaking 25.87 will put the price under negative pressure to head towards testing 24.50 and 23.90 areas before any new attempt to rise
SILVER - Weekly AnalysisA breakout from the down channel in play is evident.
What im looking for is a bullish breakout to the horizontal double top point plotted. (circles)
Green curve encompasses the entire structure
A Silver Cup and Handle The chart speaks for itself.
With some luck we could break above the top of cup resistance line and find support on it between here and 2024/25. That is a good move, but id love to be sitting in profit then with the option of riding the longer trend.
Potential Double Top Forming on SI Daily ChartSilver touching major resistance area and potentially forming a double top if it can't break above 26.50.
I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away.
Could go either way, but I think fundamentals support bulls.
BluetonaFX - SILVER CHART IDEAHey Traders,
Our last silver target played out into profit zone and secured with moving stop and protecting profits. It fell short by a few pips for the full range target so the gap remains open. We have identified a structural support level on the chart and expect further support tests to be held well to consider buying from support levels while targeting the open gaps above.
We have a immediate target at 25.295 and a long range target at 25.696.
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BluetonaFX
BluetonaFX - SILVER CHART IDEA - TARGET HITHey Traders,
As stated on last update that our target fell short by a few pips for the full range target so the gap remains open - THIS WAS NOW HIT.
We also identified a structural support level on the chart and expected further support tests to be held well to consider buying from support levels while targeting the open gaps above. ALL THE ABOVE GAPS ARE NOW FILLED.
We have a immediate target at 25.295 and a long range target at 25.696. - IMMEDIATE AND LONG RANGE TARGET BOTH NOW HIT AND C0OMPLETE
Please like, comment and follow to support us to help us bring more free content to you all.
BluetonaFX
Bull Silver24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Double Top Silver?Looks like a double-top on 4 hour SI chart.
Price broke below 50EMA
If price losses the upper trendline of the descending triangle expect price to push to bottom trendline of triangle at least.
Will it tap the upper trendline all the way down until the break up?
Silver Pulling BackNot perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
