Sentiment: Option Traders Take Bearish Bets on Silver and CopperNegative option flows were found for two metals at the same time: silver and copper.
Portfolios that want prices to fall appeared at the same time as the market is growing, which is interesting.
The positions are quite large, but they cannot be called "Insider positions", so we will be careful with forecasts.
Of course, we need chart confirmation that agrees with the sentiment in options. Option traders like to flip trends too, so we need more signals.
If you're long right now, though, that's something to consider. Like I said, option trades in Silver and Copper are significant.
XAG USD ( Silver / US Dollar)
#XAGUSD 1DAYXAGUSD 1-Day Chart Analysis
Pattern Identified: Resistance Level and Bearish Engulfing (Sell Engulfing)
Forecast:Sell
On the 1-day chart of XAGUSD (Silver/US Dollar), a resistance level has been identified, suggesting that the price has reached a key area where sellers tend to overwhelm buyers, causing the price to struggle moving higher. Alongside this, a bearish engulfing pattern has formed, signaling a potential reversal to the downside.
A bearish engulfing pattern occurs when a larger red (bearish) candlestick completely engulfs the previous green (bullish) candlestick, indicating a shift in market sentiment from bullish to bearish. This combination of a resistance level and bearish engulfing pattern suggests strong selling pressure and implies that prices are likely to drop in the short to medium term.
Actionable Insight: Traders may consider taking sell positions, particularly if the price fails to break above the resistance level. However, it is important to monitor for confirmation signals and manage risks appropriately, as market reversals can sometimes be temporary or false.
SILVER Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 31.627
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 31.112
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
Fundamental & Technical Analysis on XAGUSD (Silver)Fundamental : Historically for Silver when Open Interest (OI) is going down it is a bearish signal and vice versa unlike other symbols. In this case Open Interest is decreasing which is Bearish, Commercial (Hedgers) Long positions are slowly going up while their Short positions seem to be slowly decreasing which is another Bearish confluence. For Non-Commercial the Longs have been lowering the past 5 weeks but unfortunately so have the Short positions which isnt exactly what i would like to see but I do believe they'll start increasing. Net Positions for Commercial has reached an extreme on the line chart at about -400K which is a Bearish signal and Non-Commercial has reached an extreme at around 300K, both of these extremes are aligned with the extremes seen on February 2020.
COT Report : cot-reports.com
Line Graph : cot-reports.com
Technical : The 5 EMA has crossed down the 20 EMA while Momentum is negative and the K% line on the Stochastic is underneath the 50% line.
Targets & Stop Loss : My stop loss is at Fib LVL 0.236 which is $29.470 on the chart. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is Fib LVL 1.414, and Take Profit #3 is at Fib LVL at 1.618. The rest of the Take Profits are at Fib LVLs 2, 2.272, and 2.618. At every Take Profit i will take half of my position off and leave the rest running, after Take Profit #1 is hit I move my Stop Loss down to break even.
XAUUSD - 4H Higher targetsFX:XAUUSD prices are currently in a strong upward trend, having broken past the $2,600 resistance level. Based on the technical analysis, this surge opens up a path toward the $2,650 target, supported by the recent bullish movement. The chart clearly indicates that a pullback to the $2,600 zone would present a solid buying opportunity. Traders are encouraged to stay calm during any temporary declines and consider adding to their positions in anticipation of further gains.
Fundamentally, escalating geopolitical tensions in the Middle East, particularly the ongoing Israel-Hamas conflict, have significantly boosted gold prices as investors seek safe-haven assets. Gold’s role as a hedge against global uncertainty has become even more pronounced with concerns of the conflict escalating across the region, leading to increased demand. Additionally, broader fears of economic instability, inflation, and potential recessionary pressures have further driven this bullish sentiment in gold markets.
As both technical and fundamental factors align, CAPITALCOM:GOLD is well-positioned to reach the $2,650 target. Traders should remain vigilant for any price dips, as these may offer prime opportunities for further entry into the market.
Silver could drop from resistanceAfter bouncing off the 28 support zone and breaking above the falling trend line, Silver continued its upward momentum, reaching key resistance around the 32 level.
Now, the price has begun to pull back, signaling a potential correction.
The 30 level stands as a crucial support to watch, with an interim support at 31.
XAGUSD. Trading opportunityHello traders and investors!
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The buyer's vector 8-9 has reached the target of 31.755 (see the previous post). There are no signs of a reversal yet to indicate the realization of the seller's vector 9-10, with a potential target of 26.471.
4H Timeframe Analysis
On the 4-hour timeframe, the price has formed a sideways range below the level of 31.755. The upper boundary is 31.4335, and the lower boundary is 29.7085.
Currently, the buyer has broken through the upper boundary of the range. If the buyer defends the 31.4335 – 31.755 range, it is possible to look for buying opportunities, with a potential target of 32.5185.
Good luck with your trading and investments!
SILVER Technical Analysis! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.830 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.032
Recommended Stop Loss - 31.311
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 (XAGUSD): Pullback From Resistance Confirmed
Silver looks quite bearish on a 4H time frame
after a test of a key daily resistance.
The price violated a support line of a symmetrical triangle formation
and closed below that.
The price may drop lower.
Next support - 30.1
❤️Please, support my work with like, thank you!❤️
XAGUSD - one n single support, what's next??#SILVER.. market have one n single supporting region that is around 30.95 to 31.03
Keep close that region because it is most important key supporting area for now and if market hold it then it means a further buying is still valid.
And keep in mind that it is our cut n reverse area on confirmation.
Good luck
Trade wisely
#XAUUSD 1DAYXAGUSD Daily Analysis: Buy Opportunity on Trendline Breakout
The silver market (XAGUSD) is currently presenting a compelling buy opportunity following a significant trendline breakout. This technical development suggests a potential shift in market sentiment and upward momentum.
1.Trendline Breakout: The price has decisively broken above the established downward trendline, signaling a shift from bearish to bullish sentiment. This breakout typically indicates the possibility of a sustained upward movement.
2.Confirmation Indicators: The breakout is supported by increased trading volume, which reinforces the strength of this move. A closing candle above the trendline further validates the bullish outlook.
3.Support Levels: The previous resistance level is now acting as a support zone, providing a safety net for buyers entering at this point.
4.Technical Indicators: Momentum indicators, such as the RSI, are moving toward overbought territory, while the MACD is showing a bullish crossover, suggesting that momentum is building.
5.Market Sentiment: Positive economic developments and increased demand for silver in industrial applications contribute to the favorable outlook. Additionally, geopolitical tensions may drive safe-haven buying.
Conclusion
With the trendline breakout signaling a shift in momentum, a buy opportunity in XAGUSD looks promising. Traders should consider entering positions with a stop-loss just below the breakout level to manage risk effectively. Keep an eye on economic data releases and market developments that may impact silver prices.
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Based on the indicator we predict as shown in the charts.
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SILVER Will Collapse! SELL!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 31.178
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 30.223
My Stop Loss - 31.736
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
XAGUSD BULLISHI strongly believe silver is set for a major rally in the coming months.
To begin, I'm entering this swing trade with 12 key arguments I've identified, where 90% are bullish and only one is bearish.
Bullish Arguments:
Monthly PCH being disrespected
Monthly PCL being disrespected
Weekly swing low not respected
Weekly Bullish FVG being respected
Daily Bullish FVG being strongly respected
Daily swing low not respected
4H Bullish FVG being respected
4H swing low disrespected
4H swing high disrespected
Bearish Argument:
Daily swing high being respected
Trade Management:
Stop Loss at yesterday’s low ($29.70) since a rejection would signal a continuation into the daily FVG, giving us a better entry.
Take Profit at the swing high or near buy-side liquidity to lock in profits without being greedy.
Risk/Reward Ratio: 4.69
Risk: 2%
Gold & Silver analysis for the closing day of the post Fed weekGold & silver analysis for the closing day of the post Fed week. Interesting sessions ahead with the price high up, but maybe not high enough with bullish targets still eyed in a broken out bullish market. On the other hand, we have inside day signals days, money down below and it's Friday - anything can happen into the closing day of the week on day 3 of a 3-day cycle.
KOG's RED BOXES - SILVERSILVER:
Key level here is 29.63 with the bias being bullish above.
Retracement needed with support just below at the red box which will need to break to go lower.
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG