Mon 31st Mar 2025 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Buy. This is not a valid Buy set up as per my rules but it is assisting with my original Sell trade dated 24th Mar as I go into my multi sequence hedging technique. Enjoy the day all. Cheers. Jim
Silverbuy
SILVER at Key Support Level – Will Buyers Step In?OANDA:XAGUSD is experiencing a corrective move after rejecting from the upper boundary of the ascending channel. The price has now reached the lower boundary of the channel, aligning with a key demand zone. This confluence of trendline support and horizontal demand increases the probability of a bullish reaction from this level.
If buyers maintain control at this level, we could see a rebound toward the $34.12 level, which aligns with the midline of the ascending channel. This level could serve as a short-term target within the current bullish market structure. However, failure to hold above this support zone could invalidate the bullish outlook and signal further downside.
Traders should monitor bullish confirmation signals, such as rejection wicks, increasing volume, or bullish engulfing patterns, before entering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
Silver Buy Gold Sell I am showing you (Silver-Gold) pair .
MCX:GOLD1! is Showing a bearish pattern while MCX:SILVER1! is showing a bullish pattern.
Also the Silver-Gold Pair is showing a break out after consolidating.
Looking all these is likely we can see the pair moving from 11k to 23K-24K.
This post is just my perception and for study purpose only.
I am not a SEBI registered analyst. As stock market has risk of loosing money.
Please invest your hard earned money carefully.
I cannot be held responsible for any loss in the stock/Commodities market.
Wed 5th Mar 2025 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Buy. Enjoy the day all. Cheers. Jim
Fri 3rd Jan 2025 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Buy. Enjoy the day all. Cheers. Jim
Silver to 23.52, then 24.40 and ultimately 25.90Fundamentals backing this trade idea:
- Silver as a seasonsal tendency to rise in the month of February
- Looking at the Commitment Of Traders Reports, large commercial hedgers are decreasing their overall net short positions
Thought process:
Smart Money Concepts begin with adopting the 'Market Efficiency Paradigm' which is the idea that the market is either seeking liquidity or areas of inefficiency at a premium or a discount.
I interpret the price run below 22.51 as smart money buying as a counter-party to traders who had market orders to sell the market at that price point (buying from sellers at a discount)
To then offset some of their positions at 24.40 where there are willing buyers at a premium
Any bearish candle that prints on the DAILY chart is viewed as a buying opportunity. I anticipate 'UP' candles to be broken through with low resistance and 'DOWN' candles to hold as 'support'
XAGUSD - USD Continues To Get Weaker?Analysis:
Upwards trend (bullish confluence factor)
Break & retest of previous area of resistance for support (bullish confluence factor)
38.2% fib retracement level touch (bullish confluence factor)
Upwards trendline close by (bullish confluence factor)
6K long position decrease for the USD (bullish confluence factor)
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
XAGUSD - Silver Continues To Rise?Analysis:
Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when broken so this previous area of resistance looks like a place where we could see buyers step in and push price higher. Looking at our extra confluences we don't have a fib retracement level of a trendline that lines up with our area however both of these confluences are close by, but this isn't why we took this setup. We took this setup now as we're at an area of possible support and we have the fundamentals in our favour. Fundamentals are what drive the markets so if we have a strong fundamental bias then that is more of a reliable signal then any technicals would be. Fundamentally recently we've seen the USD become weaker and as of the most recent report for COT data we saw an increase of 7K long position but we also saw an increase of 8K short positions on the USD so this is bearish for the USD, meaning that this is a bullish confluence for our bias. Overall we have a strong fundamental reason to be bullish on this pair and we've seen an opportunity present itself on the technical aspect as well. This is why we are currently bullish on Silver.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
SILVER-BUY strategyIt still feels slightly under pressure as it is moving a long the cloud line.
the stochastic 4-hourly chart is low, and the weekly chart (medium-term) has potential to see much higher.
For those reasons I feel no change in view, and we by @ 21.10-21.40 for a move beyond 22.00 > 23.10 as objective.
Stop-loss could be placed below 20.70 for now.
SILVER-BUY strategyNo change in view.
Silver is moving slowly upwards and we may see $ 23.50 - 23.75 as a good possibility short-term.
The pattern is bottoming and also positive stochastic and a lot of room back towards cloud resistance.
for now strategy is BUY @ 21.00-21.30 and take profit $ 23.50-23.75.