SilverXAGUSD ( Silver / U.S Dollar )
Falling Wedge as an Corrective Pattern in Short Time Frame
Break of Structure
Completed " 12345 " Impulsive Waves
Fibonacci Level - 38.20% / 50.00%
Change of Characteristics
XAG USD ( Silver / US Dollar)
Silver Short Term Sell IdeaH4 - Bearish trend pattern
Strong bearish momentum
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Bearish drop?The Silver (XAG/USD) is reacting off the pivot which has been identified as an overlap support and could drop to the 1st support which is also an overlap support.
Pivot: 30.09
1st Support: 29.13
1st Resistance: 30.93
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Trade idea - XAGUSD Long4H
Bullish M pattern can potentially play out.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
Market moving in Bull Flag formation towards entry zone.
More clear from a 1H perspective:
= Confirmation to place Buy limit.
1.5% risk.
XAGUSD / TRADING UNDER DOWNWARD PRESSURE / 4HXAGUSD / 4H TIME FRAME
HELLO TRADERS
Overall Trend , The prices are currently under downward pressure, suggesting that the market is in a bearish phase until a breakout occurs from the current trading channel.
Demand Zone , The asset is attempting to reach a demand zone, which is between 30.27 and 30.01. If the price stays above this range, it is expected to rise toward the supply line at 32.03.
If the price stabilizes above the demand zone, there is a potential for upward movement toward the supply zone, which lies between 32.55 and 32.92. This suggests a possible reversal or rally in price.
Conversely, if the price breaks and stays below the demand zone, it indicates a further downward movement, with the next target being the FVG (Fair Value Gap) area, between 29.71 and 29.16. This would suggest that the market is under significant bearish pressure.
Supply Zone , The overall sentiment remains bearish until the price moves above the supply zone (between 32.55 and 32.92). As long as the price is trading below this range, downward pressure is expected to persist.
SILVER: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: This is currently my primary view, Monday placed the opening range of the week, dumping down into the previous LOW, closing as well out of balance. Tuesday consolidated below the LOW, until it started breaking higher at the end of the day, placing a peak formation low in Asia session of Wed, which printed as well a higher high into the Tue high of day. Potentially this market is staring now the frontside move, and in this specific moment, the low of Asia, or closing price are the level I will be looking for a buy low, if a setup is presented after 8:30am CPI news release.
Short: I'm not really interested at the moment in shorting this market, however, the current high of Asia can be a level of reaction for a short scalp
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
XAGUSD updateSilver has formed a descending trend line and broke it so now we can expect this pair to retest the blue upper trendline on the higher timeframe so we can enter a buy position now and once he reject the high trend we can close our buy and enter a sell trade
Follow us for more update
Safe trading
Silver could have found its bottomSilver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35.
However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30.
As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points.
For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline.
Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart.
I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.
XAGUSD. Trading opportunityHello traders and investors!
Let's look for trading opportunities in silver.
Daily Timeframe (TF)
On the daily TF, the price has formed a range (sideways movement) that began in April. The upper boundary is at 32.5185, and the lower boundary is at 26.0185. The buyer's vector from point 8 to 9 has hit its target of 31.755 and successfully broke above the upper boundary of the range. However, the seller returned the price back into the range. The current vector of the seller is from point 9 to 10, with a potential target of 26.471.
We are now seeing an attempt by buyers to reverse the price upwards. The price came close but didn't quite reach 30.12, the start of the last sub-impulse of the buyer on the daily TF, which is likely to attract the price. It's better to look for selling opportunities on the daily TF from the seller’s defense of the key seller's candle (highest volume) when the price returns to the range. This level is at 32.16.
Hourly Timeframe (TF)
On the hourly TF, there is a long trend following accumulation in a range. The defense level of the breakout from the range is 30.6445. Locally, it is possible to look for buy opportunities from the buyer’s defense zone between 30.84475 and 30.821. Targets should be set nearby, such as the local high. It's possible the buyer could reach up to 32.16.
Good luck with your trading and investments!
SILVER Rebound Ahead! Buy!
Hello,Traders!
SILVER made a retest
Of the horizontal support
Of 29.74$ from where we
Are already seeing a bullish
Rebound and as we are
Locally bullish biased
We will be expecting a
Further move up
Buy!
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Check out other forecasts below too!
SILVER LOOKING FOR A SUPPORT TO START 2025 HELLO TRADERS
As I can see Silver is now rejected from ATH 35$ and looking for a support to make new ATH as we had mention in our analysis for Weekley based view on Silver for incoming 2025
technically its now trading under the support zone which was 32$ we expected one more retest to that level so it kiss the Fib Golden Ratio 0.50 zone which is our selling zone till design TP
Friends its just a trade idea share Ur thoughts with us
Stay Tuned for more updates
Silver Heading for a Breakdown? targeting $30📉 Silver Heading for a Breakdown? ⚠️
OANDA:XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨
📊 Key levels to watch:
Breakdown at $33.10
Major fall expected below $32.50 📉
RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉
Silver (XAG/USD) Analysis:
The daily chart of Silver (XAG/USD) reveals critical insights for traders:
Resistance and Breakdown Levels:
Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown.
$32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30.
Bearish Momentum:
The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence.
Next Key Support at $30:
The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level.
Volume Insight:
A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown.
Conclusion:
If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave
bullish impulse is complete now we are entering ABC correction.
🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653,
Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently
A in progress 2770/2525.
🔸Recommended strategy for gold traders: higher risk bounce play
once A completes and transitions into B bounce, BUY/HOLD 2525
exit at 2678. Lower risk sell side setup: B completes near 2678
short sell into bounce exit at 2383 once C completes into liquidity
order block zone. good luck traders!
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Potential bullish reversal?XAG/USD is falling towards the support level which is an overlap support that is slightly above the 161.89% Fibonacci extension and could bounce from this level to our take profit.
Entry: 30.14
Why we like it:
There is an overlap support level that is slightly above the 161.8% Fibonacci extension.
Stop loss: 29.10
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 30.94
Why we like it:
There is a pullback resistance level.
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Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market.
My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions.
With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher.
The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows.
By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively.
Join me as we navigate this exciting opportunity in the silver market!
3D:
4H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
SILVER BULLISH BIAS|LONG|
✅SILVER is set to retest a
Strong support level below at 30.00$
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 31.36$
LONG🚀
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Gold and Silver short-term correctionAs I pointed out in the previous post, Silver and Gold are showing a weakness in their price.
The correction in gold is not far from my expectations, it needed some rest after this crazy marathon in 2024 😁. Also, Silver is going into a deeper correction, which makes the silver stackers and long-term investors of this shiny metal excited. So, I would like to see Silver keep going down and reach below $30 while in the same time it would be nice to see gold is reaching below $2580.
Both Silver and Gold might experience this weakness until the end of November. Then, I would like to see another leg up forming until the end of February.
Silver H1 | Resistance at 61.8% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 31.72 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 32.30 which is a level that sits above a swing-high resistance.
Take profit is at 30.95 which is a swing-low support.
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Natural Gas Oil, Dollar, Silver, Gold Price ForecastNatural Gas stock Bulls
Gold OANDA:XAUUSD Stock Forecast
Silver OANDA:XAGUSD
SILVER My Opinion! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 31.3070 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 32.361
Recommended Stop Loss - 30.604
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
Unveiling the Path: Silver's JourneyHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Silver very bullish now. Giving its usual false breaks earlier
As I mentioned for Gold price and Silver, although overextended a bit in price still, I am seeing momentum swinging back for the bulls and on the important bigger timeframes like 4hr and daily.
This chart is a recent Fibs pullback. Check it out below.
XAGUSD_Buyhello
Analysis of silver in the medium and long term The market can enter a new upward trend due to the breaking of the downward trend line. In order to create a new ascending wave, it must be able to maintain the support level of 28.88 and 30.00 as support and also maintain the ascending channel, which can be considered the target of this ascending wave in the long term at 44.44. The growth percentage can be considered as 50% price increase.
