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XAGUSD trade ideas

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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
XAGUSD: Key Support Levels to Watch for Potential DownsideHello, OANDA:XAGUSD has recently moved downward, and further decline is anticipated. The first indicator of this trend will be if the weekly/monthly support at 31.211/30.049 fails. If this support level breaks, further downside is likely. Currently, confidence is centered on these levels holding as support, with most investors hoping for a bullish continuation. Time will reveal the outcome! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAGUSD
by TradeWithTheTrend3344
Silver is in the bullish trend after testing supportHello 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
OANDA:XAGUSDLong
by ForexMasters2000
1
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. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
Bearish continuation setups taken on Silver and WTI today explaiIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades: * Silver Breakdown Retracement Continuation Short, R4,5 * WTI Breakdown Continuation Short, R3 I'll also provide a detailed explanation of the BD Continuation setup, helping you understand how to apply this strategy in your own trading. Breakdown Continuation is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
OANDA:XAGUSD
by TC888
Silver Short-Term Analysis for 08/11/2024Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 4-hour Market Analysis: The 4-hour XAGUSD chart exhibits a bearish trend, with the Relative Strength Index (RSI) indicating a slight oversold condition. Key Levels: POC (Daily Point of Control): 30.59 Order Block (Lower Target): 28.90 - 28.72 Resistance: 32.74 Local Support: 30.12 Trading Bias: The price is retesting the strong support level at 31.47. If it holds, the price may move upward to 32.75 (POC). Conversely: A break below 30.12 (local low) could send the price to 30.80 (previous low). If 30.81 holds as support, the trend may turn more bearish, potentially dipping to 28.92 - 28.72.
OANDA:XAGUSD
by avatarfreak
SILVER_105 2024.11.08 03:36:03 Trading Signal BUYFrankPro Signal for SILVER_105 Type: Screen Signal: BUY TP: 32.043 SL: 31.551 Entry Price: 31.715 Analysis for SILVER Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Down Forecast Methods(Short-Term, Long-Term): ST=Down LT=Down ST=Down LT=Down ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: Down * Reasoning: The price has broken below key support levels, including the 50-day SMA, and is currently under pressure. The technical outlook suggests a potential bullish correction to test the resistance area near $32.05, but this is likely to be followed by a downward rebound. Additionally, market indicators such as oscillators on the daily chart are gaining negative traction, indicating a path of least resistance to the downside. **Long-term (next few weeks to months):** * Expected price movement: Down * Reasoning: The analysis suggests that silver prices are vulnerable and may continue to decline unless there is a strong breakout above key resistance levels. The technical outlook indicates a potential continuation of the fall, targeting levels below $28.45. Furthermore, the strengthening of the US Dollar following the presidential election is likely to maintain downward pressure on silver prices. It's worth noting that a strong breakout above $33.65 could indicate continued growth to the $35.05 area, but this scenario seems less likely based on the current analysis. Result: ST=Down LT=Down Analysis Method(1) Based on the provided analysis, here are my conclusions on the expected price movement of XAG/USD (Silver) in both the short-term and long-term: **Short-Term Analysis (next few days/week):** * The price is expected to go down. The current price action suggests further potential declines, with support levels identified at $30.40-$30.35 (100-day SMA) and potentially lower to $30.00, $29.70, and the 200-day SMA near $28.55. * However, there is an expectation of an attempt to develop a bullish correction in the price of silver, testing the resistance level near $32.05, followed by a potential downward rebound and continuation of the fall in price. **Long-Term Analysis (next few weeks/months):** * The price is expected to go down. The technical outlook indicates that any attempted recovery might be seen as a selling opportunity, with the path of least resistance currently to the downside. * The strong US Dollar, bolstered by Trump's election victory, is a significant factor in the current downward pressure on silver prices, which is likely to continue in the long-term. * However, if the price clears the $33.00 mark, it could target the October 31 high of $33.89 and potentially higher levels, indicating a potential reversal of the downtrend. Overall, the analysis suggests that the price of silver is likely to continue its downward trend in both the short-term and long-term, with potential support levels at $30.40-$30.35 and $28.55. However, there is a possibility of a bullish correction in the short-term, and a potential reversal of the downtrend if the price clears the $33.00 mark. Result: ST=Down LT=Down Analysis Method(2) Based on the analysis, here are my predictions for the Silver price (XAG/USD): **Short-term (next few days to a week):** * The price is expected to go down. The breakdown below the 50-day SMA and the short-term ascending trend-channel has triggered bearish sentiment, and oscillators indicate negative traction. The price is likely to continue its fall towards the 100-day SMA support around $30.40-$30.35. * Immediate support levels to watch are $30.23 (100-day SMA) and the psychological mark of $30.00. If these levels are broken, the price could drop further to $29.70. **Long-term (next few weeks to a month):** * The price is expected to stay the same or go down slightly. The strong US Dollar following Donald Trump's victory in the presidential election is likely to keep Silver prices in check. The price may eventually drop below the $30.00 psychological mark, heading towards the $29.70 zone and the 200-day SMA near $28.55. * However, if the price manages to break above the 50-day SMA breakpoint near $31.40, it could lead to a short-covering move, but it may not sustain and could fizzle out near the $32.65 region. Overall, the technical analysis suggests a bearish sentiment in the short-term, while the long-term outlook is neutral to slightly bearish due to the strong US Dollar. Result: ST=Down LT=Down
TVC:SILVERLong
by orbborisson
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
OANDA:XAGUSDLong
by ForexMasters2000
Silver a win-winMy positioning Anyone who's been following me for a while knows I've been quite bullish on silver for the past few years. In fact, I initiated my AMEX:SLV position in early 2021 when it was in the low 20's and then in late 2022 I rotated almost 50% of that position into AMEX:SILJ when it was right around $8. It was mostly dumb luck but I nearly bottom ticked that market and bought within an hour or so of what's become a multi-year low. I've continued to hold these two core long term positions, while also trading around the core positions when short term setups present themselves. The win-win Before I get into the chart technicals I want to get into the fundamentals that I think make silver a win-win in the long term. I typically don't use fundamentals when I trade but I don't consider this a typical in-and-out trade. This is more of a long-term hold based on my own fundamental thesis and supported by chart technicals. The crux of my win-win thesis is that silver will outperform in both a bullish economic outcome and a bearish economic outcome. In the bullish economic scenario, the already voracious global silver demand will continue to increase as solar, AI and EV demand continues to grow. The question at this point isn't if, but how fast. The rate at which silver is being consumed could outstrip production by as much as 200moz by the end of this decade. While I expect scrap and new mining to somewhat fill that gap, it will eventually create a vacuum that only an increase in price will resolve. In the bearish scenario the globe slips into a severe recession. This would cause industrial use of silver to plummet but safe haven demand for silver to explode. While the demand in the bullish scenario is more gradual, the demand in the bearish silver is explosive and would likely lead to a hockey stick price move. The most bearish scenario for silver is that the globe goes into a mild recession, where demand for silver drops materially but the large safe haven demand doesn't materialize as it would in a severe recession. In this case silver may tread water and bounce around in range. The technicals The silver chart makes just as compelling of a case as the fundamentals. Silver has what Peter Brandt has affectionately referred to as "the mother of all cup and handles". While the 45 year pattern means this could take quite a long time to play out (years...decades?) it still offers a very nice long term potential and clear boundaries to trade within. Within this very large pattern we often see shorter timeframe patterns form that offer both long and short setups. This sets up a nice situation where you can have a long term core position, and then trade around that core position when shorter term setups present themselves, either long or short. The next few key support and resistance levels I'll be looking to trade around is the $40 level and the $48 level. Beyond that and we'll be into all-time-high territory where I'll trade whatever price action happens to be at that point in time. Options Another nice thing about SLV is it gives us options (no pun intended). For a scenario where I'm long term bullish but I think price has rallied too far, too fast and it's looking a little frothy in the short term, rather than closing some of my spot position outright and risk missing out on further rallying another approach is to sell OTM (out-of-the-money) covered calls. Implied volatility would be elevated so you'd likely be getting paid a good premium, and if price does rally up to or beyond your strike price, then you can either choose to hold and let your shares potentially be called away or if your still bullish you can roll the options up and out (up in strike and out in time). You'll collect more premium and move your sell point to a higher price at the cost of taking on more time risk. There are exhaustive resources out there if you're unfamiliar but interested in this type of strategy.
TVC:SILVERLong
by krugman87