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SILVER / US DOLLAR KILOSILVER / US DOLLAR KILOSILVER / US DOLLAR KILO

SILVER / US DOLLAR KILO

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XAGUSDK trade ideas

Silver The Week Ahead 17th March '25Silver INTRADAY bullish & overbought, key trading level is at 3300. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAGUSD
by TradeNation
XAG/USD "The Silver vs U.S Dollar" Metals Market Robbery Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "The Silver vs U.S Dollar" Metals market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!" Buy entry above 32.000 Sell Entry below 30.900 However, I recommended to place buy stop for bullish side and sell stop for bearish side. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: -Thief SL placed at 31.300 for Bullish Trade -Thief SL placed at 31.400 for Bearish Trade Using the 3h period, the recent / swing low or high level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: -Bullish Robbers TP 33.700 (or) Escape Before the Target -Bearish Robbers Primary TP 30.00, Secondary TP 30.900 (or) Escape Before the Target 📰🗞️Fundamental, Macro Economics, COT data, Sentimental Outlook: XAG/USD "The Silver vs U.S Dollar" Metals market is currently experiencing a Neutral trend (there is a higher chance for Bearishness)., driven by several key factors. # Fundamental Analysis 1. Supply and Demand: Silver supply and demand dynamics can impact XAG/USD prices. 2. Global Economic Conditions: Economic growth, inflation, and interest rates can influence silver demand and prices. 3. Geopolitical Events: Political instability, trade wars, and other geopolitical events can impact silver prices. # Macro Economics 1. Inflation Rates: Changes in inflation can influence the value of silver and the US dollar. 2. Interest Rates: Interest rate decisions by central banks can impact currency values and commodity prices. 3. GDP Growth: Economic growth or contraction can affect demand for silver and other commodities. 4. Unemployment Rates: Changes in unemployment rates can impact consumer spending and silver demand. # Global Market Analysis 1. Currency Markets: Changes in currency values can impact XAG/USD prices. 2. Commodity Markets: Changes in commodity prices can impact silver prices. 3. Stock Markets: Changes in stock market sentiment can impact XAG/USD prices. # COT Data 1. Non-Commercial Traders: An increase in long positions by non-commercial traders can indicate bullish sentiment. 2. Commercial Traders: An increase in short positions by commercial traders can indicate bearish sentiment. 3. Open Interest: Changes in open interest can indicate changes in market sentiment. # Intermarket Analysis 1. Correlation with Other Assets: XAG/USD's correlation with other assets, such as gold, copper, and oil, can impact its price. 2. Commodity Prices: Changes in commodity prices can impact silver prices. # Quantitative Analysis 1. Technical Indicators: Technical indicators, such as moving averages and relative strength index (RSI), can provide insights into XAG/USD's trend. 2. Statistical Models: Statistical models, such as regression analysis, can help identify relationships between XAG/USD and other variables. # Market Sentimental Analysis 1. Bullish Sentiment: Increased bullish sentiment can lead to higher XAG/USD prices. 2. Bearish Sentiment: Increased bearish sentiment can lead to lower XAG/USD prices. # Positioning 1. Long Positions: An increase in long positions can indicate bullish sentiment. 2. Short Positions: An increase in short positions can indicate bearish sentiment. # Next Trend Move 1. Bullish Scenario: A breakout above the current resistance level could lead to a bullish trend. 2. Bearish Scenario: A breakdown below the current support level could lead to a bearish trend. # Overall Summary Outlook 1. Neutral Outlook: The current outlook for XAG/USD is neutral, with both bullish and bearish scenarios possible. 2. Volatility Expected: Volatility is expected to remain high in the short term, with potential price swings in both directions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
SAXO:XAGUSD
by Thief_Trader
XAG/USD "SILVER" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "SILVER" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 32.0000 (swing Trade) Using the 1H period, the recent / nearest low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 34.2000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: XAG/USD "SILVER" Metal Market is currently experiencing a bullish trend,., driven by several key factors. 🟡Fundamental Analysis Silver's current price is 32.8000, with a 1.15% increase. The metal's price is influenced by: Supply and Demand: Silver's supply is expected to increase in 2025, while demand is expected to remain stable. Geopolitical Tensions: Ongoing tensions between the US and China, as well as the conflict in Ukraine, are supporting Silver's safe-haven status. Economic Trends: A stronger US dollar and higher interest rates could impact Silver prices negatively. Inflation: Rising inflation expectations are supporting Silver's price, as it is seen as a hedge against inflation. Industrial Demand: Silver's industrial demand is expected to increase in 2025, driven by growth in the solar and electronics industries. 🟢Macroeconomic Analysis Global Economic Trends: The global economy is expected to grow at a moderate pace in 2025, driven by a recovery in trade and investment Interest Rates: Central banks are expected to keep interest rates low in 2025, supporting precious metal prices Currency Markets: A weaker US dollar is supporting silver prices 🔴COT (Commitment of Traders) Analysis Net Long Positions: Institutional traders have increased their net long positions in silver to 65% COT Ratio: The COT ratio has risen to 2.5, indicating a bullish trend 🟤Sentimental Market Analysis The market sentiment for Silver is currently mixed. Some analysts predict a bullish trend, citing the metal's safe-haven status and ongoing geopolitical tensions. Others predict a bearish trend, citing the potential for a price correction. 🟣Positioning Institutional traders are currently holding long positions in Silver, while hedge funds are holding short positions. Corporate traders are also bullish on Silver, citing its safe-haven status. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
SAXO:XAGUSD
by Thief_Trader
XAG/USD "The Silver" Metal Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "The Silver" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 31.8000 (swing Trade Basis) Using the 2H period, the recent / nearest low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 34.5000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: XAG/USD "The Silver" Metal market is currently experiencing a bullish trend,., driven by several key factors. 💎Market Overview Current Price: 32.6000 30-Day High: 34.5000 30-Day Low: 30.5000 30-Day Average: 31.5000 Previous Close Price: 32.2000 Change: 0.4000 Percent Change: 1.24% 💎Fundamental Analysis Supply and Demand: Global silver demand is expected to increase by 10% in 2025, driven by growing demand for silver in industrial applications and investment products. Mine Production: Global silver mine production is expected to decrease by 5% in 2025, driven by declining ore grades and mine closures. Recycling: Silver recycling is expected to increase by 15% in 2025, driven by growing demand for silver and increasing recycling rates. Investment Demand: Investment demand for silver is expected to increase by 20% in 2025, driven by growing investor interest in precious metals. 💎Macro Economics Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for silver, driven by increasing investor confidence. Inflation Rate: Global inflation is expected to rise to 3.8% in 2025, potentially increasing demand for silver as a hedge against inflation. Interest Rates: Central banks are expected to maintain low interest rates in 2025, potentially increasing demand for silver. Commodity Prices: Commodity prices are expected to rise by 5% in 2025, driven by increasing demand for raw materials. 💎COT Data Non-Commercial Traders (Institutional): Net Long Positions: 65% Open Interest: 120,000 contracts Commercial Traders (Companies): Net Short Positions: 25% Open Interest: 60,000 contracts Non-Reportable Traders (Small Traders): Net Long Positions: 10% Open Interest: 15,000 contracts COT Ratio: 2.6 (indicating a bullish trend) 💎Sentimental Outlook Institutional Sentiment: 70% bullish, 30% bearish Retail Sentiment: 65% bullish, 35% bearish Market Mood: The overall market mood is bullish, with a sentiment score of +60 💎Future Market Data 3-Month Forecast: 35.0000 - 38.0000 6-Month Forecast: 38.0000 - 42.0000 12-Month Forecast: 42.0000 - 50.0000 💎Next Move Prediction Bullish Move: Potential upside to 36.0000-38.0000. Target: 38.0000 (primary target), 40.0000 (secondary target) Next Swing Target: 42.0000 (potential swing high) Stop Loss: 29.5000 (below the 30-day low) Risk-Reward Ratio: 1:2 (potential profit of 5.4000 vs potential loss of 2.7000) 💎Overall Outlook The overall outlook for XAG/USD is bullish, driven by a combination of fundamental, technical, and sentimental factors. The expected increase in global silver demand, decreasing mine production, and bullish market sentiment are all supporting the bullish trend. However, investors should remain cautious of potential downside risks, including changes in global economic trends and unexpected regulatory developments. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
SAXO:XAGUSDLong
by Thief_Trader
Silver Nears Key Resistance at $35.00Silver prices have been climbing steadily, finding support above the 50-day SMA (31.58) and 200-day SMA (30.60), signaling a strong uptrend. The metal is now approaching a major resistance level at $35.00, which previously triggered a sharp pullback. Momentum indicators are supportive of the rally, with the MACD ticking higher in positive territory and the RSI at 64.22, suggesting further upside potential but also cautioning that the market is nearing overbought conditions. Key Levels to Watch: 📈 Resistance: 35.00 (psychological & historical resistance) 📉 Support: 32.00 (recent swing low), 31.58 (50-day SMA) A breakout above $35.00 could spark further bullish momentum, while failure to clear this level may lead to consolidation or a short-term pullback. -MW
FOREXCOM:XAGUSD
by FOREXcom
SILVER WILL KEEP GROWING|LONG| ✅SILVER is trading in a Strong uptrend and we saw A very strong bullish breakout And the breakout is confirmed So while I am expecting a potential Correction and even a retest Of a broken key level of 33.29$ I will be expecting a further Move up and a retest of the Horizontal resistance above At around 34.84$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAGUSDLong
by ProSignalsFx
1
Silver Is Eyeing 34-35 Area; Intraday Elliott Wave AnalysisSilver made a three-wave abc correction in wave 4 which can now extend the rally for wave 5 within a new five-wave bullish cycle towards 34-35 area. After recent five-wave impulse into wave "i", followed by an abc corrective setback in wave "ii", it formed a nice intraday bullish setup. Seems like it's now ready for a bullish resumption within wave "iii", so more upside is expected, especially if breaks above trendline and 32.66 level, just watch out on short-term pullbacks.
OANDA:XAGUSDLong
by ew-forecast
2
Silver Holds Near $33.80 as Fed Rate Cut Bets Provide SupportSilver edged lower to approximately $33.80 during early Asian trading on Friday, losing momentum. However, the downside may remain limited, as softer U.S. consumer and producer inflation data could provide room for the Federal Reserve to consider an interest rate cut in June, offering some support for the metal. Additionally, concerns over U.S. President Donald Trump's protectionist policies potentially pushing the world's largest economy into a recession could further support silver's appeal. If silver breaks above $34.00, the next resistance levels are $34.85 and $35.00. On the downside, support is at $33.80, with further levels at $33.15 and $32.75 if selling pressure increases. 
FOREXCOM:XAGUSD
by ChartMage
Silver (XAG/USD) Analysis: Ready for the Next Move?Welcome back, guys! 👋I'm Skeptic , and today we're diving into an analysis of Silver (XAG/USD) on the 1-hour time frame to spot potential long and short triggers. 🔮 Daily Time Frame Insight XAG/USD remains bullish on the daily chart as we’re consistently printing higher lows, maintaining the overall uptrend. Given the current economic and geopolitical tensions, caution is essential, but the bullish structure remains intact, so we can still anticipate further upward movement. 📈1-Hour Time Frame & Long Trigger In the 1-hour time frame, the bullish momentum is clearly visible. Pullbacks are lengthy with large candles, while uptrends are sharp with smaller, more concentrated candles. This pattern indicates strong buying interest when momentum picks up. Our primary long trigger will be a break above the 4-hour resistance at 33.00237 . Additionally, if the RSI re-enters the overbought zone during the breakout, it will add more confirmation and confidence to the long position, allowing us to increase our risk slightly. 📉 Short Trigger For short setups, I’ll wait for a clear break of the support at 31.92637 , which also coincides with the previous low. If the downward move is sharp and decisive, this could signal a potential short entry. Until then, I’ll stay on the sidelines for shorts, as the overall trend remains bullish. Let me know your thoughts and ideas on XAG/USD! 💬 Drop any questions in the comments, and I’ll be happy to discuss them. Let’s grow together, not alone! 🔥
OANDA:XAGUSD
by SkepticWise
3
Potential bullish continuation?XAG/USD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 33.30 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 32.93 Why we like it: There is an overlap support level that is slightly above the 50% Fibonacci retracement. Take profit: 33.93 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
VANTAGE:XAGUSDLong
by VantageMarkets
Silver finally has a silver lining for 2025 After all my bearishness with market analysis. There is one metal that is showing semblance of hope and upside. Gold's baby sister to follow along a Resource train in 2025. Silver. Now there are a few reasons we've seen upside inccluding: Inflation Hedge: Investors are buying silver as a hedge against rising inflation, keeping prices on the up and up 💰📈 Safe Haven Demand: With market uncertainty, more people are flocking to silver as a safe haven, pushing its price higher 🛡️🚀 Industrial Demand Boost: Growing industrial uses in tech and renewable energy are boosting demand for silver, driving prices up ⚙️🔋 Supply Constraints: Limited mine output and slow supply growth are tightening the market, adding upward pressure on silver ⛏️📉 Bullish Market Sentiment: Technical trends and positive investor sentiment signal that silver's rally is likely to continue upward 🔮📊 And of course the TECHNICALS agree. We have seen a price break above the rim of the CUp and Handle. The price is above the 20MA and 200MA. So we can see the price is heading up! What are you thoughts? Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:XAGUSDLong
by Timonrosso
Silver H4 | Potential bullish bounceSilver (XAGUSD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 32.92 which is a pullback support. Stop loss is at 32.53 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement. Take profit is at 33.38 which is a swing-high resistance that aligns with the 161.8% Fibonacci extension. 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. 63% 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. 63% 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:XAGUSDLong
by FXCM
1
Silver (XAG/USD) Technical Analysis – March 13, 2025 (15-Min Cha1. Trend Identification Short-Term Uptrend Developing: The price is trading above the 200-period moving average (blue line), indicating bullish momentum. The Point of Control (POC) at 33.017 suggests a key liquidity zone where buyers have been active. Key Resistance Levels in Focus: The price is currently struggling near 33.043, with the next resistance at 33.259 (higher POC level). A break above 33.259 could trigger a further rally. 2. Key Support & Resistance Levels Immediate Support: 33.000 - 33.017 (POC, psychological level). Immediate Resistance: 33.259 (higher POC, recent high). Upside Target: 33.500 - 33.600 (upper channel projection). Downside Risk: 32.900 - 32.800 (lower channel support). 3. Volume Analysis Last 120 Bars: Up Vol > Down Vol by +26.82%, indicating strong buyer dominance. Last 60 Bars: Up Vol > Down Vol by +41.46%, further confirming short-term bullish strength. Interpretation: Buyers are clearly in control, but the resistance at 33.259 needs to be breached for a strong continuation. If price pulls back to 33.017 and finds support, it may provide a better entry point. 4. Chart Patterns & Projections Bullish Continuation Scenario: If price breaks above 33.259, it is likely to rally toward 33.500 - 33.600 (upper trend channel). Bearish Pullback Scenario: A failure to break 33.259 could lead to a retracement toward 32.900 - 32.800. Trade Setups & Risk Management 1. Long Trade Setup (Bullish Scenario) Entry: Buy above 33.259 (breakout confirmation) or on a pullback to 33.017 (strong support). Stop-Loss: Below 32.900 (recent low & lower channel boundary). Targets: First Target: 33.400 Final Target: 33.600 (upper channel resistance). Risk-Reward Ratio: 1:3 or better. 2. Short Trade Setup (Bearish Pullback Scenario) Entry: Sell below 33.000 (breakdown confirmation). Stop-Loss: Above 33.100 (recent consolidation zone). Targets: First Target: 32.900 Final Target: 32.800 (lower channel support). Risk-Reward Ratio: 1:2 or better.
FX:XAGUSDShort
by ProspireWealth