XAGUSD UpdateSilver has made an ascending trendline which have a 3 touches which means its valid
So now we’re waiting for it break below our last touch so we can enter a short (sell) position\
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XAGUSDK trade ideas
SilverThe US Federal Reserve’s policy decision, set for Thursday, is capturing market attention. A 25 basis point rate cut is widely anticipated this week, with the CME FedWatch Tool indicating a 99.5% likelihood of this move in November. Such a rate cut could lend support to Silver, as lower interest rates decrease the opportunity cost of holding non-yielding assets.
In addition, expectations for further economic stimulus from China could enhance Silver's demand outlook. The Standing Committee of the National People's Congress (NPC) is convening for a five-day meeting from November 4 to 8, where a stimulus package possibly exceeding 10 trillion yuan may be approved to boost China’s economy. As one of the world’s largest centers for electronics, solar panels, and automotive manufacturing, China’s increased activity could significantly drive up Silver demand.
XAG/USD Long H4 Buyers are Loading ?Buy Stop @ 28.16714
S/L @ 27.08079
T/P @ 31.4171
R.R.R. @ 1/3
Pure Price Action Trading based on Breakout of Key Level.
Good Trading !
XAGUSD D1 LongBuy Stop @ 29.9999
S/L @ 26.4220
T/P1 @ 33.5772
T/P2 @ ------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Level.
SILVER: Will Keep Growing! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move up.
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Silver Bearish untill Thursday.As per the technical analysis Silver must retrace to the next take profit target/discounted level (in my case 32.150-200 levels) - This is where the buyers 9the big boys are waiting for a buy position, probably by this Thursday). Currently i'm waiting for a Bearish entry candle on 1HR chart. Good luck!!
SILVER: Local Correction Ahead! 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 32,83200$
Wish you good luck in trading to you all!
Silver Price Analysis: 5th Wave EmergesSilver Price Analysis: 5th Wave Emerges – Targeting $34.50 and Beyond
The attached chart provides a technical analysis of silver (XAGUSD) on a 75-minute timeframe, highlighting its movement through a series of Elliott Waves and technical formations that signal potential price targets. Currently, silver appears to be starting its 5th wave, indicating an upward movement that could drive prices significantly higher in the near term.
Key Technical Insights:
Falling Wedge Pattern: The chart reveals a falling wedge formation in wave (4), typically a bullish reversal pattern. As silver broke out of this formation, it confirmed the beginning of wave (5), marking a shift in trend towards an upward trajectory.
Wave Count: According to Elliott Wave Theory, silver has completed waves (1), (2), (3), and (4) and is now entering wave (5). This final impulse wave often signals a continuation of the bullish trend, pushing prices to new highs before a potential reversal or corrective phase.
Current Price Action and Initial Target:
Starting Point: Silver has started its 5th wave from a recent low of $32.264.
Target 1: The immediate price target for this wave is $34.50. This target is based on the previous resistance level and aligns with technical indicators that suggest upward momentum.
Fibonacci Extension Target:
If the 5th wave gains strong momentum and reaches 1.618 times the length of wave (1), silver could potentially reach the $35.595 mark. The 1.618 Fibonacci extension level is often associated with the completion of strong impulsive waves, providing a secondary target for bullish traders.
Supporting Indicators:
Moving Averages and Bollinger Bands: The chart shows silver moving along key moving averages with the Bollinger Bands expanding, indicating increased volatility and room for price movement within the upward trend.
Volume: An increase in trading volume supports the breakout, indicating that buyers are entering the market, further strengthening the bullish outlook.
Summary
With the breakout from the falling wedge and the start of the 5th wave, silver is positioned for a potential rally towards $34.50, with an extended target of $35.595 if momentum continues. Traders should watch for price action around these levels, as they could present opportunities for profit-taking or further breakout trades if bullish sentiment remains strong. However, caution is advised as silver approaches these resistance levels, as a reversal could occur once the 5th wave completes.
Silver's price action over the next few sessions will be critical in confirming the strength of this upward movement and whether it can achieve the anticipated Fibonacci extension level.
#DYOR
XAGUSD Downside Likely as 1M Pivot ResistsHello,
OANDA:XAGUSD is currently at its one-week low, trading below the 1-month pivot point (1M PP). If the 1M PP continues to act as resistance, further downside is likely, potentially leading to a test of the 31.79 to 30.049 range.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Bullish Divergence Formed on SILVER XAGUSDWe have a bullish Div here on Silver 45min TF.
Divergence is not completely fool proof, however 7 out of 10 times, they give you a win and push into green, giving you an oppurtunnity to cut your stoploss in half.
There are 3 possible rejective price levels on chart. Which may send price back on a bearish rally. However once price breaks 32.50 it should retest rejection price level 1.
This will be interesting to watch play out this week, once markets reopen in 3 to 6hours, Be mindful of market open CME Gap. OANDA:XAGUSD
XAGUSD VIew!!SPDR Gold shares turned negative in late trading, falling 0.1%. Despite losing momentum throughout the day, recent strength has come as investors add gold positions. "The retail investors have started following central banks and are increasing their allocations as evidenced by the inflow into ETFs and their increasing demand for physical gold," says Alex Ebkarian of Allegiance Gold in a note. Earlier this week, the World Gold Council confirmed increased buying of gold ETFs among western investors. Front-month gold futures finished the day down 0.1% to $2,738.60 an ounce. (kirk.maltais@wsj.com)
SILVER Massive Long! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.449
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 33.607
Recommended Stop Loss -31.757
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Silver Yearly Chart V.XBig Picture Road Map.
A solid yearly close above $31 enacts the end game targets north of $160.
Whether the breakout is confirmed this year or the next, remains to be seen.
#silver
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on SILVER right now from the support line below with the target of 34.523 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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SILVER, bargain opportunity that's hard to resist.SILVER has trimmed it's price significantly to multi week lows.
The overextended correction is a good opportunity for possible reversal prospect.
KEY NOTES:
Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision.
Histogram higher lows.
Daily Higher lows -- firm ascending support lines.
TRI-MONTHLY higher lows - price + histogram conveying firm price valuation goal.
Bubble up volume appeared twice this last 2 quarters -- current range of 22.00-23.00 acting as support space for XAG.
Spotted at 22.3
TAYOR
Safeguard capital always.
SILVER: Long Trade Explained
SILVER
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long SILVER
Entry - 32.449
Sl - 31.689
Tp - 33.706
Our Risk - 1%
Start protection of your profits from lower levels
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Silver XAG/USD Let's take a step back and have a look at bigger picture. I see two scenarios that could play out. The first is a minor retracement back toward $30-$29. The second scenario is where we have a deeper retracement down to $26-$24. In any case, both are opportunities to load up. I believe it won't be there for long.
XAGUSD LONG-ScalpingThis is a high-risk trade setup. While I believe silver has more room for a rally, I expect it may need a significant drop first—that's what my instincts say. However, based on the charts, I’ve decided to go long as the price action has been resilient and seems poised to recover from yesterday's bearish whipsaw candle. Reminder: this is a high-risk trade with 0.50% capital at risk.
SILVER: Move Up Expected! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 33.21596$
Wish you good luck in trading to you all!
SILVER Sellers In Panic! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 32.966 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 33.538
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
XAGUSDPair : XAGUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Demand Zone
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 50.00%
Break of Structure
