Gold Enters A Bearish PatternAs illustrated in the chart, OANDA:XAUUSD Gold targets 2325 and might test lower levels.
Cheers!
XAG USD ( Silver / US Dollar)
SILVER My Opinion! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 31.223
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 30.522
Safe Stop Loss - 31.696
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Silver: Thoughts and Analysis Today's focus: Silver
Pattern – resistance stall, continuation
Support – $28.70
Resistance – $31.30
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue?
We have run over what we are looking for to confirm this and some warning signs to watch out for as well.
Good trading.
SILVER (XAGUSD): Pullback From Support
Silver may bounce from a solid intraday structure support.
The price formed a cup & handle pattern after its test.
Its neckline breakout is a strong bullish signal.
The price may reach 1.313 level soon.
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XAUUSD We expect gold to rise now to the specific areas that we have identified as targets, but please manage your capital well
XAGUSD SILVER Robbery Plan To Loot MoneyMy Dear Robbers / Traders,
This is our master plan to Heist XAGUSD Silver market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Stop Loss : Recent Swing Low using 3h timeframe
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.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
Is $SILVER performing a fake out?#xagusd #silver price has broken out the bear channel but bearish divergence and probable double top may trigger the price to retrace to retest zone or into the channel again. Not financial advice.
Gold Aims to Achieve Additional Rises.Hi, as we managed to get wave 3 in the previous idea, we will now take on wave 5, as shown in the chart.
Cheers!
#SILVER: Time for another bullish move? Comment down your views!OANDA:XAGUSD
Price is in sideways in smaller timeframe, possible price was waiting for fed decision on interest rates, however, the news came out to be mixed. It is still not (100%) clear that the price will rebound straightforward. Likely, we will see mix price actions in coming time. Good luck and trade safe.
**Trade safe and if you like the idea and matches your bias, like and comment the idea, for more follow us**
Team SetupsFX_
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Impulse Correction
Break of Structure
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Impulse Correction
Break of Structure
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
SILVER LOCAL SHORT|
✅SILVER is going up to retest a horizontal resistance of 30.86$
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 30.28$
SHORT🔥
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XAUUSD - 1H Bullish momentumThe XAUUSD (Gold) chart analysis shows that Gold couldn’t consolidate below the $2300 mark after multiple attempts.
Now, it’s consolidating above the $2320 zone, indicating strong support. Given this consolidation over the support zone, there’s potential for Gold to rise and break through the resistance zones.
If the bullish momentum continues, we could see Gold targeting higher resistance levels, suggesting a favorable environment for buyers in the short term. Keep an eye on the resistance zones for potential breakouts.
Silver (XAG/USD) H1 Channel BreakoutThe XAG/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry : Consider entering a Long position around the current price of 29.45, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.35
2nd Support – 30.83
Stop-Loss: To manage risk, place a stop-loss order below 28.50. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
What does gold-silver ratio tell us about precious metals?The gold-silver ratio has reached a key area of resistance between 80.30 to 80. 55 area and has reacted. This comes on the back of a major breakdown below a multi-year bullish trend line back in early May. So far, the ratio has held resistance here, which suggests that silver might be able to outperform gold again. However, it could also mean that both precious metals may be in a correction phase, with gold falling faster than silver
But given the bullish price action we have seen so far this year, I'm leaning more towards the bullish argument for precious metals than bearish. For that reason, the breakdown in the gold-silver ratio makes me remain bullish on silver.
Meanwhile, the grey metal itself has been testing a major area of support around $28.00 to $29.00 in the last few weeks. So far there have not been any major bullish breakthrough with the metal holding inside what appears to be a bull flag pattern or bearish channel.
By Fawad Razaqzada, market analyst at FOREX.com
