XAGUSD trade ideas
XAGUSD. Trading opportunityHello traders and investors!
On the hourly timeframe, it's a long trend. In the last impulse, the key bar is in the middle at the 50% level of the impulse (!).
Locally, you can look for buying opportunities from the buyer’s defense of the 31.272–31.2 range. It’s better to set close targets, like the local high, or trail the trade. The buyer may be able to reach 32.16.
On the daily timeframe, the seller's vector 9-10 within the range is still relevant.
Good luck with your trading and investments!
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 31.00
1st Support: 30.24
1st Resistance: 32.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BUY SILVER (XAGUSD) - Price action entry strategy explainedTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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SILVER 24hr PotterboxSILVER 24hr Potterbox. Silver has bounced off of the floor of the box. $30.201 its going up. its over the 200 day moving average with a green candle as i write this. $31.227 Well it will probly go up to the 50 % line. but it will take a week or 2 to make that move. it will be fun to watch and see where it goes. Educational purposes only. not sound financial advice. Have fun trading.
Silver Simplified: Chart Insights & Trade IdeaCAPITALCOM:SILVER
Greetings everyone ,
I like when charts are easy to read—it helps make trading decisions easier.
On the Chart today, I have XAGUSD (Silver/US Dollar).
The price of XAGUSD is currently: $31.18oz.
What Are the Benefits of Silver
Silver offers several advantages for investors and traders alike:
1. Hedge Against Inflation:
Like gold, silver is often viewed as a store of value, making it an effective hedge against rising inflation and currency devaluation.
2. Industrial Demand:
Silver is used extensively in industries such as electronics, renewable energy (solar panels), and medical applications, ensuring consistent demand.
3. Accessibility:
Silver is more affordable than gold, making it an ideal choice for small-scale investors or those looking to diversify.
4. Liquidity:
Silver can easily be bought and sold in various forms, including ETFs, futures, and physical bullion.
5. Volatility Opportunity:
Silver tends to be more volatile than gold, offering traders higher profit potential during market swings.
Does Silver Rise During Inflationary Periods?
Yes, silver often rises during inflationary periods. When inflation erodes the value of fiat currencies, investors flock to hard assets like silver and gold to preserve their purchasing power.
Key reasons silver performs well during inflation:
• Weaker Currency Value: Inflation typically weakens currencies, driving up the price of dollar-denominated assets like silver.
• Increased Demand for Safe-Haven Assets: Investors seek alternatives to cash, and silver, being more affordable than gold, often sees increased demand.
• Industrial Applications Benefit: In an inflationary environment, industrial activity can also contribute to silver’s rise due to higher commodity prices across the board.
Technical Analysis 💡
Silver / XAGUSD recently broke out of a downtrend and is showing bullish continuation.
Bullish continuation is seen when price reclaimed the $30.17 level where it bounced / wicked multiple times.
Volume analysis
Also notice the empty volume pocket between
The peak of the volume and where it touched the green box highlighted at $30.172oz. Can be seen when zoomed in on the 45m chart.
Trade Entry
We have technically missed the most optimal entry point. However never forget there is always opportunity to make money in the market 💴.
Trade setup look for re-entry on any strong break above $31.242 targeting $32.25.
Best,
C Lemard
#kissmethod #silver #commodities #trading #xau #gold
SILVER Will Keep Growing! Buy!
Hello,Traders!
SILVER has made a strong
Rebound from the horizontal
Support level of 30.00$
And as we are locally bullish
Biased we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
XAGUSD_30MAnalysis of silver in the short term The formation of the ABC correction pattern and the main resistance range of silver is 31.33 and it can enter the fall on the side of the number 30.55.
XAGUSD: 28/10/24After touching new levels, not seen in years. History shows theirs a high probability we're due to see something big.
Silver sits at around 33/o after climbing and tickling 35/o...
A retest of 32/o and climb to new highs is a high probability.
4-hr SILVER: Short Term Pullback in SilverIn recent weeks, Silver has experienced a sharp decline of $5, marking a nearly 20% drop. This significant downtrend has been driven primarily by the strength of the U.S. dollar. The dominance of sellers in the market is underscored by a classic Death Cross pattern, where the 20-day moving average (MA) has fallen below the 60-day MA, signaling a strong sell-off. Despite this bearish pressure, Silver's lower price levels have attracted short-term buyers, who managed to push the price back up above $30.90, aligning with the 23% Fibonacci retracement level. This bounce indicates a potential corrective rally that could continue to the $31.55 area, corresponding to the 38% Fibonacci retracement. If this level is tested, it may offer an attractive entry point for short sellers looking to capitalize on the broader downtrend
XAGUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher. Also price swept 1W key liquidity, so the probability for some bullish move higher.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of strength) on key liquidity level, so there is a higher probability to see price higher at least on opposite level (marked higher).
Your success is determined solely by your ability to consistently follow the same principles.
XAGUSD Short-Term Analysis (4-hour chart) - 18/11/2024Disclaimer: This analysis is for educational purposes only and represents my personal opinion. Consult your financial advisor before making any decisions.
Market Analysis:
The XAGUSD pair has retested the key support level at 30.12 and bounced, but lacks impulsive momentum. The 4-hour price action indicates a bearish trend, confined within an ascending trend channel, with no notable increase in volume. A close below immediate support levels raises concerns about the short-term bullish outlook. However, RSI is showing both bullish divergence and bearish divergence.
Key Levels:
POC (Daily Point of Control): 31.29
Resistance (OBV): 31.29 - 32.00
Resistance: 31.29
Immediate Support: 30.18
Local Low: 29.67
Trading Bias:
Bearish: With the daily Point of Control at 31.29 and OBV resistance at 31.84-32.13, we anticipate a potential rejection upon retesting.
Scenario 1: Rejection at Resistance
Price rejection at 31.29 could lead to a decline towards 30.18 and potentially 29.67.
Scenario 2: Breakdown Below Local Low
A break below 29.67 could trigger a downward move towards 28.70 (daily Point of Control), filling the gap.
Caution :
A sustained move above 32.13 would invalidate our bearish bias and potentially signal a trend reversal.
I'm pretty sure it's Long-Gold. It's a battlefield. Im beaten'em
Hi everyone, it's been a tough day in Gold Asia trading. I supported the long theory that they gave us at the start of Asia trading today.
Long story short, there appeared to be a bullish gap up and price was moving up I would not say impulsively but smoothly. But price stalled twice within an hour at the top of the double top I spoke about on 2hr timeframe. I made 2 legititimate short entrys on price weakness as price reversed downwards, I thought that was fair enough, I had no intention to short, that is simply what got served to us.
The market-maker-muppets at gold went after my stops twice. They finally got my first trade, because price slowly reversed after price stalled twice, I went to a 1m timeframe and as discreetly as I could got a good risk/reward on the short. The muppets did not like that.
Anyways, after my second short I refused to call it in or buy-back, I was very heavy shorted because I took a lot of profits in Crypto at the weekend.
So then after that M-top/flag formation where price went sidewards (because I jammed them with my short trade), they decided to take the market for a run beyond the neckline. Fair enough. I even bought back my short trades at a slight loss. But I will play fair.
Instead of price moving back upwards, the market runs a bit lower and then Bam I went massive short again. But my long positions are bigger because thats ultimately where the market will go.
Enough of my rant. The daily chart looks very bullish. Price also at the bottom of a rising wedge on daily. I don't watch television but Im hearing the Russian war takes a new twist, supportive of Gold I would say. I will keep you posted. Ahm if the market goes sidewards all session, then you know why,
Silver Finds Support: Bullish Divergence at 0.618 Fib LevelSilver has formed a bullish divergence and is currently finding support at the key 0.618 Fibonacci retracement level. This technical setup suggests a potential upward reversal.
SILVER: Strong Bearish Bias! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.58523$
Wish you good luck in trading to you all!
SILVER:Short trading strategy
The recent silver long short game or fell sharply, daily line and weekly line or short trend, this week's big trend to follow gold, first look at the shock rebound, the second half of the week bearish, rebound is our short opportunity. The rebound to 30.90 can be shorted today. Target 30.5-30
SILVER Will Explode! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 30.255 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.505
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Silver holds $30 support but bearish trend persists below $31.1Silver prices have bounced 3.75% from their low on November 14th. For now, the area around $30 has held. This suggests silver prices have bottomed and could head higher, but the short-term trend remains steeply bearish. Therefore, waiting a few days for confirmation is likely better. As it stands, the trend remains bearish below 31.15, with traders targeting 30.23 and then 29.76.
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Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 30.01
1st Support: 28.82
1st Resistance: 32.14
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAGUSDSilver has already reacted to this zone twice, but did not make it to the previous low. I am speculating this time it will go back to its 29.7
Long set up XAGUSDThe price of Silver was in a falling wedge, now she's trying to break the falling wedge. I'm targeting 32.4 for TP1 and 37.4 for TP2. I think Silver is ready for a move up. Can take some time this set up.
