SILVER Bullish Breakout! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend and we are now
Seeing a bullish breakout
Of the key horizontal
Level of 32.50$ which is
Now a support and as the
Breakout is confirmed we
Will be expecting a
Further move up
Buy!
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XAG USD ( Silver / US Dollar)
XAGUSD One of the best investments you can make for 2025.Silver (XAGUSD) has successfully followed up the May - August 2024 Bull Flag with a green September 1M candle that recovered all loses. Having broken above its Resistance, the trend looks more bullish than ever, especially on the hyper long-term 1M time-frame.
We can view the whole sequence since 2021 as a Cup and Handle (C&H) pattern. Interestingly enough, this is not the first time we see a similar pattern historically. Based on the 1M RSI fractal, we can see similar Arc patterns formed in 2008/09, 2000/03 and even 1974/78.
All of them rose to the 2.0 Fibonacci extension level from the Cup's top. On the current pattern at hand, the 2.0 Fib is a little higher than 50.000. Keeping in mind that the new Cycle of Rate cutting has already started by the Fed, buying a stable asset such as Silver under this economic environment, is perhaps one of the best investments we can make for 2025.
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XAGUSD Outlook: Slight Bearish Bias on October 18, 2024Key Drivers Behind the Bearish Sentiment on Silver (XAGUSD)
Silver (XAGUSD) is showing a slight bearish bias on October 18, 2024, influenced by a combination of fundamental factors and current market conditions. As traders and investors monitor the fluctuating economic landscape, several key drivers are contributing to the downside momentum in XAGUSD today. Let’s explore the factors pushing silver prices lower and what to watch in the coming sessions.
1. Stronger US Dollar (USD)
A stronger US Dollar is one of the most significant headwinds for silver prices today. The USD index (DXY) continues to gain strength, primarily due to hawkish signals from the Federal Reserve. With inflationary pressures still present and the Fed remaining committed to tightening monetary policy, the dollar is seeing consistent demand. As silver is priced in USD, a stronger greenback increases the cost for buyers in other currencies, pushing XAGUSD lower.
2. Rising US Treasury Yields
US Treasury yields have been climbing as the bond market adjusts to expectations of continued Fed rate hikes or at least a longer period of elevated rates. The 10-year Treasury yield has been edging higher, which typically signals reduced appeal for non-yielding assets like silver. Investors tend to move towards assets that offer returns, making precious metals less attractive during periods of rising yields.
3. Lack of Safe-Haven Demand
Another key driver impacting XAGUSD is the reduced demand for safe-haven assets. In times of geopolitical tension or economic uncertainty, investors often flock to silver and gold as protection against market volatility. However, as global equity markets show relative stability and no significant macroeconomic shocks loom on the horizon, the demand for silver as a safe-haven is lower today. This lack of buying pressure contributes to the slight bearish bias in XAGUSD.
4. Weaker Industrial Demand for Silver
Silver is not only a precious metal but also an industrial metal. The recent decline in industrial output data from key economies, especially China, has weighed on the industrial demand for silver. China, being one of the largest consumers of silver for its manufacturing sector, has posted weaker-than-expected economic growth. This slowdown in manufacturing activity limits demand for silver, further pressuring prices lower.
5. Technical Analysis: Silver Below Key Resistance Levels
From a technical perspective, XAGUSD is trading below critical resistance levels around $22.00. The failure to break above this resistance has triggered selling pressure, and traders are now eyeing support near $21.50. The RSI (Relative Strength Index) shows a neutral to bearish sentiment, further confirming the slight downward momentum for silver today.
Conclusion: XAGUSD Faces Bearish Bias Today
With a stronger USD, rising Treasury yields, and weaker industrial demand from major economies like China, silver prices are expected to remain under pressure. While a sharp downturn in XAGUSD is not expected, the overall bias for today points towards a slightly bearish outlook. Traders should watch key support levels closely and monitor any changes in macroeconomic data or Federal Reserve commentary that could shift the dynamics for silver.
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Potential bullish rise for Silver?The price has reacted off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 31.51
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 30.97
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 32.26
Why we like it:
There is a pullback resistance level.
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XAUUSD Potential Up Trend ContinuationWith no high-impact news today, the market is likely to stay in sideways movement until tomorrow. However, sudden developments from the Middle East could introduce volatility, especially for gold. Currently, the market appears choppy, forming a triangle pattern. If the price moves below Friday's low, the triangle may evolve into a bullish flag pattern. Despite the sideways action, the market continues to show bullish signals from both technical and fundamental perspectives. The mid-term target is the resistance zone around 2685
XAG/USD "SILVER" Market Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAG/USD "SILVER" 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 / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
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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.
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XAGUSD correction towards the end of the year.Silver (XAGUSD) has made a Double Top (red circle) on October 04 near the Higher Highs trend-line of the 2-year Channel Up. Last time it did a similar Higher High was on May 05 2023, after remarkably a similar +48.50% rise, it started a correction that extended below bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line).
The first stop was the 1D MA200 and the 0.382 Fibonacci retracement level and that's where our end-of-year Target is at 28.500.
Notice also the 1W MACD similarities between the two peak fractals. Also the time from bottom to top has been highly identical at 246 and 248 days respectively.
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Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 31.26 which is a pullback resistance that intersects with a descending trendline.
Stop loss is at 31.62 which is a level that sits above a multi-swing-high resistance.
Take profit is at 30.70 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bearish drop?XAG/USD has reacted off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 31.51
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 32.24
Why we like it:
There is a pullback resistance level.
Take profit: 30.35
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
xauusd h1 short from resistance tp 2635 usd🔸Hello traders, today let's review 1hour price chart for gold. Strong
V-shape recovery in progress off the recent lows, however heavy
overhead resistance will trigger a pullback from S/R levels overhead.
🔸Strong resistances at 2665 and 2675. key S/R bulls at 2635 usd.
currently getting overextended so it's recommended to focus on
short selling rips/rallies from overhead resistance.
🔸Recommended strategy bears: short sell from overhead resistances near 2665/75 SL 2680 USD TP 2635 usd. usd fixed stop loss for this entry at 2680 usd, swing trade setup may take more time to hit target. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Silver Breakout Likely within Weeks - 32.75 Line in the SandSilver approaching 32.75 level after completing a corrective move this week.
37.75 is the line in the sand. A close above this level will confirm a historical breakout.
35 is almost certain and 40-45 a possibility before undergoing a larger, intermediate level correction.
Watch for more detail.
#XAGUSD 4HXAG/USD (Silver vs. US Dollar) pair on the 4-hour chart is showing a support pattern, indicating that the price is holding firm at a particular level, suggesting a potential bullish reversal.
Pattern Description:
The market seems to have established a solid support level, where downward momentum is being halted. After a period of selling pressure, the price has tested and bounced off this support zone multiple times, signaling that buyers are stepping in to defend this level. This consistent defense suggests that a reversal might be imminent, as the market sentiment shifts from bearish to bullish.
Forecast:
Given the strength of the support level, the current outlook is bullish, with a potential move to the upside. The price is likely to break higher as buying momentum gathers strength. This makes it a favorable opportunity to buy, targeting the next resistance levels. However, it's important to keep an eye on any additional price action and volume confirmation before entering the trade.
Key Indicators:
- Strong support
- Price consolidating near support, indicating indecision before a potential breakout.
- RSI and other momentum indicators suggest oversold conditions, supporting the bullish forecast.
Recommendation:
Consider entering a buy position near the support level, with a stop-loss placed just below the support zone to manage risk effectively. Potential price targets could be set at key resistance areas above.
Rebound correction Silver. H4 09.10.2024Rebound correction Silver
Silver made a reversal downwards, which I wrote about in the last post Now the price has approached the margin zone and local support 30.20 from which they can make correction upwards. However, I believe that the fall will continue to the strong support zone 28.06-28.86 and in this zone I will look for culmination and a buy signal. Also, silver is now trading in the past profile accumulation area and if there is no reaction up, it will confirm the thoughts of a deeper decline.
CAPITALCOM:SILVER
#SILVER: Risk Entry Vs Safe Entry! ! Dear Traders,
The XAGUSD/SILVER price has declined since the normalization of Middle Eastern conflict tensions. These scenarios occur when fundamental pressure diminishes, resulting in market sell-offs, particularly for metals. While gold reached a multi-month low of 2607 before reversing, silver continues to decline. We anticipate a potential price reversal within two specific areas.
Additionally, we have identified three potential reversal targets. Please conduct thorough research before making any decisions regarding silver. It is important to note that the price may reverse upon reaching the first target. Therefore, a well-defined plan is crucial when trading highly volatile market instruments. We wish you the best of luck in your endeavours.
Silver H4 | Potential bounce off swing-low supportSilver (XAG/USD) could fall towards a swing-low support and potentially bounce off this level to climb higher.
Buy entry is at 30.05 which is a swing-low support.
Stop loss is at 29.48 which is a level that lies underneath an overlap support and a 61.8% Fibonacci retracement level.
Take profit is at 31.13 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAGUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 31.12, which is a pullback resistance and a 38.20% Fibonacci retracement.
Our take profit will be at 30.13, an overlap support level.
The stop loss will be at 31.79, an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SILVER Will Go UP! Buy!
Hello,Traders!
SILVER price dropped
Today but then it came
Close to retesting the
Horizontal support below
At 30.00$ and we are
Already seeing a bullish
Reaction so as we are
Bullish biased we will be
Expecting a further move up
Buy!
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Check out other forecasts below too!
XAGUSD Buy opportunity near the 1day MA50.Silver / XAGUSD is approachint the 1day MA50, being on a Channel Up since the August 8th low.
The long term pattern is also bullish, an uptrend on a Rising Support, exactly where the 1day MA200 is.
Technically the 1day MA50 is the first buy entry of this pattern and the Rising Support the second.
The 1day RSI suggests that based on the March 26th 2024 fractal, we won't need the Rising Support yet.
Buy and target the 1.382 Fibonacci (35.000).
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Silver struggles at key resistanceSilver has now failed t break the $32.00 level on multiple occasions - but it may do so soon Still, the fact that we have tried to take out the May high of $32.51 twice in as many weeks and have failed to hold there may be a sign of waning bullish momentum. At the time of writing, silver was still holding above key support in around the $31.35 - $31.50 area (blude shaded area). The line in the sand is at $30.88, the most recent low. If this level breaks then we may see a correction to below $30.00 with $29.00 being a key support where we may see silver start another bullish trend. So let's wait and see what silver does here. In the longer-term, I continue to think silver is headed for $35.00 at least. But I am not so sure about the short-term path, especially in light of most recent price action.
If you trade silver, make sure to keep an eye on gold. The yellow metal remains supported by strong fundamentals, with central bank rate cuts and geopolitical tensions bolstering demand for the safe-haven asset. Despite recent dollar strength, which has capped gold's upward momentum, factors like rising oil prices, Middle Eastern unrest, and China's economic stimulus continue to lend support. However, the Fed Chair's indication of a more cautious approach to rate cuts means gold could potentially ease back as the dollar comes back. This could also negatively impact silver in the short-term outlook.
By Fawad Razaqzada, market analyst with Forex.ocom