XAGUSD LONG - Buy Entry - D1 ChartXAGUSD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: XAGUSD Silver
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 26.678
Resistance @ 25.539
PP Y1 - Pivot Point Yearly @ 24.9373
Support @ 24.581
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Xagusdforecast
Silver can reach 28 in medium termLike its bigger brother, Silver is also strongly bullish and from my last suggestion to buy dips around 25 is up to 1k pips.
Also, it has risen so much I think there is much more in cards for XagUsd and it can reach 28 easily in the medium term.
So going forward traders should look to buy dips and an ideal place for this can be the 25-40-25-50 zone
A drop under 25 negates this scenario
Silver- Sell rallies is my strategyIn my last Silver analysis I said that above 23 is strong sell zone for Silver, and after 3 attempts to stay above this figure, Silver has dropped hard, confirming these attempts as false breaks and breaking back under 22.60 support.
Now XagUsd is trading at 22.15 which is minor support and I expect continuation to the down side.
My medium term target for Silver remains 19usd, but short term traders can see also 21.50 support as a confortable target.
Sell rallies towards 22.60 is my strategy for Silver and the price back above 23 would negate this scenario
XAG NEAR FUTURE PREDICTIONS (1HCHART)Technical Analysis Summary
XAG/USD
TREND ANALYSIS
We have 2 Downtrend in red color (Internal and long term)
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Sorry I did not post lately since I had covid
Good luck everyone, stay safe!
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
XAG/USD (SILVER) WILL UP BEFOR DOWN XAG/USD (SILVER) will go upside a little bit and after that, it will come downside as an impulsive or an ending diagonal (falling wedge) to finish the c wave of 5th of 2nd wave as an ending diagonal.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#XAGUSD #SILVER
XAGUSD LONG - Buy Entry - H4 ChartXAGUSD LONG - Buy Entry - H4 Chart
Symbol: XAGUSD - Silver
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 21.789
Take Profit: 22.769
Take Profit: 23.367
Major Resistance @ 22.335
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
Silver Forecast: Quiet Session After Previous MeltdownSilver markets finally stabilize during the trading session on Thursday as the markets finally slowed the massive selling pressure that had been so pervasive the last several sessions. The markets continue to pay close attention to the US dollar, and what it is doing. Silver is very sensitive to the greenback, as it is priced in that currency, and the contract tends to be very volatile to begin with. The silver market is notorious for being erratic, so the most recent move will not have been a huge surprise.
Keep in mind that the silver markets will move not only based upon the dollar, but also the industrial use case. If we continue to see the potential lockdowns around the world, then it stands to reason that the industrial usage will be cut down. The markets continue to focus on momentum more than anything else, as the fear trade took over. I don’t really like the idea of buying silver, but a bounce would not be a surprise to say the least. The silver markets can have a rip to the upside with lack of liquidity, especially with it getting close to the holidays, which are thin trading – the later we get into December, the more likely we are to see a lot of jumps and bounces.
I wouldn’t be bullish until we get above $24, which would take a lot of effort to get there. In fact, I would be a bit surprised to see that happen, but the most likely of prospects would be that we bounce and then show signs of exhaustion that I will be selling. The silver market would desperately need to see a big opening trade come back into vogue, and therefore we would need to get a lot of ‘covid fear’ out of the psyche of the markets.
The jobs number coming out of the United States on Friday will cause a lot of noise, mainly due to its effects on the greenback. If the silver markets jump, I will be looking at a chance to sell early next week. On the other hand, if we were to break down below the bottom of the range for the last couple of days, then I anticipate that the market will go looking to challenge the crucial $22 level.
XAG/USD (SILVER) WILL PUSH LOWER BELOW $22.6XAG/USD (SILVER) will push lower to make a new low below $22.6 and after that, it can push a little bit higher, but not above $23.7. Then it will go for one deep correction as a continuation of wave (2). In the alternative scenario (marked by red alpha numerals), we have already finished wave (2) @ $21.4. So right now, it's running expanded flat, and will soon rise for minor wave 3.
#XAG/USD #SILVER #ELLIOTTWAVE
Silver- Best place to sellIn my past Silver analyzes, I said that XagUsd is more bearish than Gold and the H&S trap confirmed this scenario.
Now, as in Gold's case, Silver is in a small correction and this can give us the opportunity to open short trades at better prices.
24 zone I expect to be very well offered and there we should search for selling opportunities.
Only Silver above 24.80 would change my bearish opinion
Silver- Strongly bearish under 24.80Yesterday I said that Silver is more bearish than Gold, and indeed, although it has risen, it could reach the last top
As you all may have seen, we have a clear H&S pattern with the neck-line at 24.80, which is broken at this moment.
Although this means upward momentum, the price is stalling above this neckline and looks more like distribution at this point and could be a false break.
Silver back under 24.80 (the neckline) is strongly bearish and confirms the false break.
In this case, I expect acceleration to the downside and Silver to drop to at least 23 zone (around 1800 pips)
My scenario is valid as long as the price stays under 25.60 on the daily close bases
Silver is heading lowerHi there,
Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver.
Good luck
Silver can drop to 19Unlike Gold, Silver is weaker and the price couldn't correct the drop, instead consolidated in a tight range.
At this moment the price is exactly in a strong support zone and considering the incapacity of correcting, I expect a break and a hard fall for XagUsd
My target is 19 and only Silver back above 23 would negate this bearish scenario
XAGUSD Weekly TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Silver Analysis, Bears in controlHello everyone, as we all know the market action discounts everything :)
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XAGUSD is bearish on the long-term outlook. The sellers were in charge of the Silver market since June and the bears’ momentum has been increasing. The price has been decreasing accordingly.
The market has pushed above the 23 levels and holding near the support zone, and all the former support levels of 25 and 24 has turned into resistance levels.
Using the Elliot wave theory we can see that the market is having a corrective wave right now which could push it near the 24$ zone where a battle will happen between the Bears and Bulls, and if the Bears wins then the price will be going down near the 22$ level as confirmed by the Elliot theory.
Different Scenarios for the market :
Scenario 1 :
The Market is holding at 23.709 near the support zone from 23.649 to 23.437, The bears are trying to drop the market as much as they can so we could be seeing a breakout happening at that level that would lead the market near the 22$ level.
Scenario 2 :
The Bulls are trying to gain control back over the market as we saw from the last movement on August 23, where the market price jumped from 22.897 and hit 23.938, but they will have to show a lot of power to break the resistance zone at 24.004 to 24.147, But if they were able to break that resistance then we will be seeing the market price going back up near the 25$ level.
Technical indicators show:
1) The market is below the 10 20 50 100 200 MA and EMA (Bearish sign)
2) The MACD is below the 0 line showing that the market is Bearish, With a positive crossover between the MACD line and the Signal line that explains the latest push that happened.
3) ADC is at 48.73 showing that the market is trending, With a negative crossover between DI+ (15.51) and DI- (29.99)
Support & Resistance points :
support Resistance
1) 23.649 1) 24.004
2) 23.437 2) 24.147
3) 23.294 3) 24.359
Fundamental point of view :
Silver prices rallied and remained buoyed, closing with a doji day at the highs of the trading session. This came despite a selloff in gold prices. Durable goods orders declined less than expected and new orders ex-transportation were unchanged. The dollar eased slightly, which helped silver prices gain a toe hold.
Silver of course has a certain amount of an industrial component built into it, and it is worth noting that industrial numbers have fallen quite a bit over the last several weeks. That being said, if we see the US dollar sell-off drastically, it is likely that the silver market may catch a bit of a bid, at least temporarily based upon that alone. According to fxempire.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :)
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The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration.
The market price was able to stabilize a bit after that drop and it's trending 23.55 right now.
We can notice a couple of scenarios for the market price movement for the next few days.
Scenario 1:
The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen.
Scenario 2 :
The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level.
Technical analysis showing :
1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal
2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line.
3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77).
Support & Resistance points :
support Resistance
1) 23.275 1) 23.705
2) 23.025 2) 23.885
3) 22.845 3) 24.135
Fundamental point of view :
Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside.
The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment.
Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy.
After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Silver could dive againUnlike Gold, Silver corrected the steep Monday's drop in the same day, and confirmed old support as resistance.
In the past days the price consolidated in a range and a new drop is probable at this point.
I will look to sell rallies and only a close above resistance would change my bearish opinion
Silver- New leg down soon?After proving 28 zone as a strong resistance, Silver has started to roll back just to find 25.50 zone as support.
One month of consolidation followed and at this point, XagUsd looks ready to break down.
23.80 support could be bears target and Silver back above 27 would negate this scenario
Silver- back to 23.80 support?Silver is trading in a range for 2 weeks now with a clear ceiling at 26.50.
Bulls are unable to take control and drive the price above this level and XagUsd keeps rolling down to support
A breakdown seems imminent for Silver and short-sellers can have a target under 24.
Sell rallies above 26 can be a good strategy and only a clear close above 26.50 would negate this scenario