silverIs silver due for a retrace after the head and shoulders or does it keep selling? This retest of the channel looks like a good place to watch for a buy entry
XAGUSDG trade ideas
Forex - XAUGreat Entry From 28.986
long position target 30.476
for best result divide your take profit
1 TP = 29.5
2 TP = 30
Silver H4 | Potential bullish breakoutSilver (XAG/USD) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 29.28 which is a potential breakout level.
Stop loss is at 28.75 which is a level that lies underneath a pullback support.
Take profit is at 30.13 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
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Buy opportunityThe pair presents an enticing Buy opportunity at the current price of 29.024, with favorable potential for profit.
Targets:
Primary Target: 29.566
Secondary Target:30.558
Breakout Scenario:
In the event of a breach above the Support level of 28.550, indicative of a bearish breakout, the target price is anticipated to ascend towards 27.000.
Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed buy strategy, suggesting upward pressure on the Silver pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
XAGUSD / SILVER Bearish Heist Plan To Steal the SilverMy Dear Robbers / Traders,
This is our master plan to Heist Silver Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Could Silver bounce from here?The price is falling towards the support level which is a pullback support and could potentially bounce from this level to our take profit.
Entry: 28.66
Why we like it:
There is a pullback support level.
Stop loss: 28.01
Why we like it:
There is a pullback support level.
Take profit: 29.76
Why we like it:
There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement.
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XAG/USD: Long From SupportSilver is falling towards a support zone which the price has been respecting multiple times. A bounce from the zone could lead the price to rise to the upside.
SILVER: Bullish Continuation & Long Signal
SILVER
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy SILVER
Entry - 29.222
Stop - 28.695
Take - 30.155
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
SILVER (XAGUSD): Bearish Outlook & Breakout↪️An important dynamic head and shoulders pattern emerged in 📉SILVER on a daily chart.
Following a bearish reaction last week, the market experienced a sharp decline, breaking through both its neckline and a minor horizontal support level.
These two broken structures now make up an expanding supply zone. I plan to consider shorting from this zone, expecting a bearish trend to continue towards the support levels of 28.62 and 28.00, psychological level.👍📉
Is the fall of silver continuing?📊According to the selling pressure in the market, if the range of 28.70 units is broken and the price stabilizes below it, the price may fall to the range of 27.90 units🎯, and in the case of the strength of the range of 26.60 units🎯🎯.
📊Otherwise, the possibility of price increase up to the range of 30.20 units.
Silver Yearly 2024Ongoing correction for silver needs to resolve upwards before years close.
#silver #gold
SILVERusdthe price went up for a long time and then decided to take a rest, I expect the trend to continue, at least a return to the existing highs in the future.
good luck and good trade.
Silver Gartley / Crab on the HorizonConsidering a Harmonic Pattern for Silver.
X-A - established by an impulsive wave May 3rd - 20th with price moving from moving from 26 -32, at which point momentum was in the OB zone.
A-B - a retracement of price to support at 28.80 and making a near .618 retracement.
B-C - price again rises with an .889 retracement of the AB leg. Advance patterns fitting the price
movement would now include Gartley and Crab.
CD - this leg has commenced on July 11th and is in progress. The target completion for
this leg can be
a. Gartley - 786 retracement of XA which will see price move to around 27, which is near the
200 MA.
b. Crab - 1.618 extension of XA will see price around 22, which is in the low consolidation of
Q1 2024.
Either way price suggests a bearish bias in the near term (RSI <50), with Silver potentially giving up 2 points.
This will conflict with most retail traders who have a Bullish stance, as reflected in the Sentiment Survey by IG indicating 86.25% are Net Long.
SILVER REBOUND AHEAD|LONG|
✅SILVER went down to retest a horizontal support of 28.60$
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 29.60$
LONG🚀
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SILVER Will Grow! Buy!
Hello,Traders!
SILVER went down
Sharply and the price
Has almost reached a
Horizontal support level
Of 28.60$ and as silver
Is locally oversold I think
That we will see a
Local bullish rebound
From the support
Buy!
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Check out other forecasts below too!
Retail Sentiment Points to Lower Prices? If we break through that support level, we'll probably head down to 28.5 or even lower.
And the retail sentiment is also in line with this scenario.
At the moment, most are long, and short positions are starting to shrink (check out the chart).
Guys, who else sees the same level of support as us? And why? Let's discuss it
