XAGUSD 1D Sym triangleFXOPEN:XAGUSD Sym-triangle with good angle.Most of the swings appeared on up side.
XAGUSDG trade ideas
XAGUSD - longthis is a market structure trade . simple is better . never complicate to much! use risk managment !
XAGUSD Nohope of SurvivalAs i thought XAG went all the way to 26 area, there is no sign of life in this thing, no hope of any survival for those who accumulating in hope of any return,
closed my position at 27
No hope for Silver, get out i guess and go suck a lolipop, or find another trade whatever suits u
XAGUSD, Elliott wave analysis■Outlook of XAGUSD on 3D chart.
I think we are in sub-wave (2) of wave (ⅲ).
Sub-wave (2) will be completed soon, and sub-wave (3) will start.
If the assumption of this scenario is correct,
Wave (ⅲ) of sub-wave (3) will probably become a 3rd wave extension impulse.
Silver Faces Increasing Pressure: Cautious SentimentSLO2 @ 31.77 📉
SLO1 @ 30.28 📉
TP1 @ 27.43
TP2 @ 25.03
TP3 @ 23.27
TP4 @ 20.55
BLO1 @ 19.89 ⏳
BLO2 @ 18.30⏳
SL @ 17.55 🚫
🔑
BLO = BUY LIMIT ORDER
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
SL = STOP LOSS
📉 = Order Triggered
⏳ = Order Pending
SUMMARY
The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless, the current circumstances are subject to change, so it is advisable for traders to proceed with caution and carefully observe any updates in the market.
FUNDAMENTAL
The price of silver has pulled back to around $28 per ounce, reversing its recent gains due to concerns about a potential recession and a general increase in risk aversion. Concerns about a potential economic downturn have been heightened by the US economy's weaker-than-expected job growth in July. As a result, investors are now looking for safe-haven assets.
TECHNICAL
Despite the anticipation of significant interest rate cuts by the Federal Reserve, the general market sentiment remains pessimistic for silver. Based on the technical indicators, it appears that the downtrend may continue, as the short-term moving averages are currently positioned below the longer-term averages. Nevertheless, it is crucial to take into account the conflicting signals from various technical tools and closely observe fundamental developments before finalizing any trading decisions.
FUTURES
In addition, the recent decrease in delivery volume in the Comex silver futures market suggests a decrease in physical demand. Although this data point is worth considering, it is important to analyze it in the larger market context in order to make meaningful conclusions about the price trajectory of XAGUSD.
Silver Like many other things pulling back, and according to how the Dollar DXY looks, i am expecting a dead cat bounce on it and that will give us a 5th wave down (Silver).
So, here we got on daily a ict unfulfillment, some major support, and the 5th wave down...
I am not shorting this, Only waiting for it down between 26 - 25.7 . here is where i will long it.
XAGUSD (BUY)"All "time frame is on an uptrend. So I correlate on the smaller 4HR time frame and look for price making higher highs and higher lows which it's doing. Stop loss is 25.635. Take Profit is at 37.295. 3 Risk Reward Ratio. Obviously use risk management since Silver is similar to Gold and is very volatile.
Will the recent tensions in the region cause price growth in theConsidering the important resistance of silver in the range of 29.30, it can be expected that after the failure of this area, silver will continue its climb up to the range of 30.28 and in case of strength, 31.22 Otherwise, we can expect the price to return to the support area of 27.47
SILVER SHORT FROM RESISTANCE
Hello, Friends!
SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 7H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.248 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
XAU/XAG/COPPER/DXYGold, silver and copper are showing correlation, watch for subsequent reactions and make maneuvers
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 27.268.
✅LIKE AND COMMENT MY IDEAS✅
SILVER BEARISH BIAS|SHORT|
✅SILVER went up to retest
The horizontal resistance
Level of 29.00$ and we are
Already seeing a bearish
Reaction so a further
Move down is to be expected
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
XAGUSD Silver in Wave 3? On the way to $39 if so.....I am new to EW analysis but it would appear the corrective move is over and an impulsive wave should develop over the next few months. Macro forces of rate cuts and geopolitical risks would support this. A recession is almost guaranteed at this point but I think it will start beginning of 2025 or late 2024. Any input will be greatly appreciated, especially from people more experienced with EW. Thanks!
SILVER Will Fall! Sell!
Hello,Traders!
SILVER made a retest
Of the strong horizontal
Resistance level of 29.00$
And we are already seeing a
Strong bearish reaction so
We will be expecting
A further move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
SILVER (XAGUSD): Trading Plan Ahead of NFP↪️Today, we are anticipating the release of the US NFP Report.
Here are the possible scenario for SILVER.
On a 4-hour time frame, the price has formed a dynamic inverted head and shoulders pattern.
If there is a bullish breakout above the dynamic neckline at 29.12 with a 4-hour candle close, it will confirm a strong bullish trend.
We can expect a bullish continuation towards the psychological level of 30.00.
It is advisable to wait patiently for a breakout and then follow the market accordingly.
Silver Supply RejectionSilver has just tested the Fresh Supply Zone, with a High Test Rejection Bar ( pin bar) ,
at a near 886 retracement of the prior upswing.
Most retail traders are net long Silver ( 95%+) . The Contrarian View is to take the opposite.
A trade is considered for Silver to retest the Demand Zone Below.
Enter - now
Stop - Above prior swing high
Target - Conservative Demand Zone. Aggressive look to prior lowest low .
RR = 2
Potential bullish bounce?XAG/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 28.15
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 27.70
Why we like it:
There is a pullback support.
Take profit: 28.86
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bullish rise?The Silver (XAG/USD) has reacted off the pivot and could potentially rise to the 1st resistance which is an overlap resistance.
Pivot: 28.18
1st Support: 27.90
1st Resistance: 28.81
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.
SILVER ( TRYING TO RETEST A TURNING LEVEL (1) ) (4H)XAGUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel .
TURNING LEVEL (1) : the price of this level at 28.20 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 27.29 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 29.33 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 30.48, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 26.43, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 25.23 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 27.80 , have two scenario , first corrective 28.20 before dropping to touch a 27.29 , then26.43 , second corrective 27.29 to reach a 28.20, then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 29.33, 30.48 .
SUPPORT LEVEL : 26.43 , 25.23 .
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure and Retracement
CHoCH
Bearish Channel as Correction in Long Time Frame with the Breakout of Upper Trend Line
XAGUSD- short, Silver shorts IF H4 closes below. The weekly is bearish and daily is bullish. Want to see that H4 shift bearish by closing below.
