XAG USD ( Silver / US Dollar)
Silver, Breakout is in play.XAGUSD / 1D
Greetings, traders! Welcome back to another market analysis.
Silver has been Trading in a trading range with a bullish long-term trend, the price recently tested a KEY Level which suggests a run higher.
Check out the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens.
Trade safely,
Trader Leo
SILVER Under Pressure! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 26.457 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 25.495
Recommended Stop Loss - 27.009
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
Strifor || GOLD-NFPPreferred direction: SELL
Comment: For gold , we previously gave two setups for sell, and one of them is already in work (scenario №2) . However, against the background of the upcoming potential volatility (NFP) , as well as the short-term weakening of the US dollar , most likely, it is at the very moment of the release of data on the US labor market that we will see a new maximum for gold in the region of 2350 . It is in this area that we are considering an additional level for entry into short (scenario №1) . This scenario is the most likely in the near future.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-NFPPreferred direction: BUY
Comment: The setup for today's NFP remains in favor of the buyer. Most likely, the euro will update yesterday's high around the level of 1.09000 . At this level, there is an area of resistance, and most likely it is from here that we can expect a deeper correction than the one we are currently observing.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || SILVER-Mid-term viewPreferred direction: SELL
Comment: Metals have been at the top of trends lately. It’s not surprising to have such a performance, especially in the case of gold . A corrective downward movement is expected in the near future for silver and gold , and if we are talking about the medium term, then we can already enter into sales. However, in the short term, this will be a rather hasty decision.
Today we have two scenarios for silver in our arsenal, and both scenarios involve preliminary growth before a fall, which is currently being considered at the level of 26.50.
Additional comments on this trade will be provided as situation changes. Follow us!
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SILVER (XAGUSD): The Next Key Resistances 🪙
Silver is unstoppable.
Following Gold strongly bullish sentiment, XAGUSD keeps breaking
key resistances, one after another.
In comparison to Gold, Silver still has multiple historic resistances
to pay close attention to.
Resistance 1: 26.8 - 26.95 area
Resistance 2: 27.9 - 28.72 area
Resistance 3: 29.8 - 30.1 area
Look for pullback/breakout trades from these key structures.
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Silver With The Most Important Breakout Of The Last 3 YearsSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, that's a very big triangle that can be coming to an end as metal is turning higher now and breaking the IMPORTANT trendline resistance of this contracting range. Ideally, A-B-C-D-E pattern is finished, so be aware of more upside, especially as a structure away from 21.90 looks impulsive, with no overlaps.
However, there can be some retracement within recovery, maybe new fourth wave is already around the corner as silver can slow down a bit at the end of blue wave 3.
Support on dips is around $25.
GH
XAGUSD, Ascending Triangle, Pullback & Breakout PossibilityXAGUSD is currently trading within an ascending triangle pattern. The resistance level of the ascending triangle has acted as a pullback area four times. The price is currently at the resistance level of the ascending triangle, therefore there is a possibility that a fifth pullback will occur.
Ascending triangle pattern has a bullish bias, so there is a possibility that the price will upward breakout. The price is currently consolidating within this area. This means that it is bearish for the short-term, neutral for the mid-term, and bullish for the long-term.
Strifor || GOLD-Week StartingPreferred direction: SELL
Comment: The week for gold begins with another update to its historical maximum. At the moment, the market is witnessing a climax of buying, against which a downward reversal can be expected. The approximate reversal area is located at the level of 2300 . According to scenario №1 , a movement towards this level is expected before a fall.
Scenario №2 assumes a fall from current prices, but this is an unlikely scenario. In principle, taking a short position in the medium term is relevant already at current prices. In both cases, the target for the fall is located at the level of 2200 .
Additional comments on this trade will be provided as situation changes. Follow us!
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EXK ffalling wedge breakout after silver mining earnings LONGEXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart,
it has been in a falling wedge for more than six months. The earnings report was a 40% beat on
earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action
has been supported by higher volumes. The Price Momentum Oscillator and Relative Trend
Index indicators provide further documentation of the bullish momentum. I will initiate
long trades of shares and call options here. I am targeting 3.5 for 40% upside. I will take
off 1/3 of the trade upon reaching 3.0 and convert the stop loss to a trailing 5%.
SILVER A Fall Expected! SELL!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 24.924
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 24.722
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
Five and three pattern! Or the beginning of the third wave of a Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
The beginning of the third wave
HL- a silver mining pennystock LONGHL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple
bullish signs including a cross over the POC line of the volume profile and now the confluence
of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP
and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with volume above
the running mean. The Price Momentum Oscillator and Relative Trend Index lend further
support to a bullish bias here. I will take a long trade in HL of both shares and call options to
complement my positions in gold. Targets are 4.9, 5.4 and 6.8 yielding the potential of a very
profitable trade over in next six weeks before earnings and perhaps beyond that.
XAUUSD - Bullish to $2300 - Gold Daily🚀 The price of gold is surging past the $2000 resistance with decisive strength, reflecting solid buyer conviction. #XAUUSD typically exhibits a two-legged movement pattern. With the major leg on the weekly chart and minor leg on the daily chart now well-established, we're setting our sights on an ambitious $2300 target. 🎯
This bullish momentum is not merely a surge—it's a testament to gold's enduring value in the market. Keep a watchful eye as we navigate towards this significant price level.
SILVER: Bearish Forecast & Bearish Scenario
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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SILVER (XAGUSD): Bullish Outlook Explained 🪙
Silver nicely respected a recently broken key horizontal resistance.
After its retest, the market started to consolidate on a 4H time frame
and formed a horizontal range.
Its resistance was broken yesterday, signifying the strength of the buyers.
The market may keep growing next week, at least to 25.5 level.
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