SI - Silver Looks GoldenHow does this look?
Yep, I’m stalking a Long, just like in Gold (check out my latest Gold post).
With the price sitting at the Center-Line, it might drop a bit further to the Shift-Line. Or, it could start climbing today.
For me, this is a "building a position" scenario.
Buy… wait… buy more when the price confirms my projection. Or bail out if it doesn’t.
Trading is so simple...
...but SO HARD §8-)
Happy digging!
Si1! (Silver Futures)
XAGUSD: Bottom of the Rising Wedge. Bullish.Silver is marginally bearish on its 1D technical outlook (RSI = 43.462, MACD = -0.151, ADX = 27.970) as it trades under the 1D MA50 but still over the 1D MA200. The latter is at the bottom of the long term Rising Wedge and is the technical support level. As long as it holds, we will be bullish on Silver, aiming at its top for the next HH (TP = 37.000).
See how our prior idea has worked out:
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XAGUSD Bearish as long as it trades below the 1D MA50.Silver (XAGUSD) is on a strong correction since the October 23 2024 High, which was a Higher High on the 2-year Channel Up. This is technically the new Bearish Leg. The previous one (started on the May 05 2023 High), initially targeted the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level.
That was of course after a first Lower Low rebound to the 1D MA50 (blue trend-line) where it was rejected (June 09 2023). It appears that technically the price is on a similar situation, so as long as the 1D MA50 closes candles below it, the short-term trend is bearish. Our Target is 29.500 (just above the 0.382 Fib upon expected contact with the 1D MA200).
Notice also that the 1W MACD is past a new Bearish Cross, a pattern similar to the May 24 2023 Bearish Cross, which confirms the Bearish Leg.
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GOLD & SILVER Attempt To Break Higher - Moving Into EEP #3Gold and Silver attempt to break upward, moving away from the larger EPP Phase #2 (consolidation/FLAGGING) setup.
If my research is correct, we'll see a very strong rally setting up in Gold/Silver over the next 2-4+ hours - likely see GOLD rallying up to $2720+ and SILVER rallying up to $32.50-$33.
Get ready. This could be a very strong rally phase targeting new all-time highs over the next 15+ days.
Get Some.
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XAGUSD Bull Flag to test the strength of the MA50 (1d).Silver has completed a Cup pattern with the price breaking above it this week.
Yesterday's pull back may start a Bull Flag, delayed Handle of the Cup, same as the mid April Bull Flag that gave an excellent buy above the MA50 (1d).
Trading Plan:
1. Buy on the 1.0 Fibonacci level.
Targets:
1. 38.500 (the 2.0 Fibonacci extension).
Tips:
1. The RSI (1d) is also trading on a similar pattern as April. A neutral (1d) RSI is perhaps the most efficient buy signal there is.
Please like, follow and comment!!
Notes:
Past trading plan:
Cycles and Sentiment may no Longer Matter - SilverWatch video for more detail on the trajectory for silver's next move
EDIT: in the video I said "convert unleveraged to leveraged"
I mean to say take profit on leveraged positions and convert to unleveraged accordingly depending on how quickly we approach 35-40
XAGUSD One of the best investments you can make for 2025.Silver (XAGUSD) has successfully followed up the May - August 2024 Bull Flag with a green September 1M candle that recovered all loses. Having broken above its Resistance, the trend looks more bullish than ever, especially on the hyper long-term 1M time-frame.
We can view the whole sequence since 2021 as a Cup and Handle (C&H) pattern. Interestingly enough, this is not the first time we see a similar pattern historically. Based on the 1M RSI fractal, we can see similar Arc patterns formed in 2008/09, 2000/03 and even 1974/78.
All of them rose to the 2.0 Fibonacci extension level from the Cup's top. On the current pattern at hand, the 2.0 Fib is a little higher than 50.000. Keeping in mind that the new Cycle of Rate cutting has already started by the Fed, buying a stable asset such as Silver under this economic environment, is perhaps one of the best investments we can make for 2025.
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XAGUSD correction towards the end of the year.Silver (XAGUSD) has made a Double Top (red circle) on October 04 near the Higher Highs trend-line of the 2-year Channel Up. Last time it did a similar Higher High was on May 05 2023, after remarkably a similar +48.50% rise, it started a correction that extended below bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line).
The first stop was the 1D MA200 and the 0.382 Fibonacci retracement level and that's where our end-of-year Target is at 28.500.
Notice also the 1W MACD similarities between the two peak fractals. Also the time from bottom to top has been highly identical at 246 and 248 days respectively.
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XAGUSD: If this Bearish Cross happens, it's a sell.Silver is bullish on its 1D technical outlook (RSI = 63.461, MACD = 0.757, ADX = 29.627) but hit yet again the top (HH) of the Channel Up and got rejected. The metal has gained recently due to the tensions in the Middle East and after today's much stronger than expected Nonfarm Payrolls report, it should see a retrace as the USD is expected to gain, while the geopolitical tensions ease. The last Channel Up correction hit the 0.618 Fibonacci level, so any sell target above it and the 1D MA50, is justified (TP = 30.400).
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XAGUSD One final Low remaining.Silver (XAGUSD) has been trading within a 2-year Channel Up pattern and since its last Higher High (top) on the week of May 20 2024, it has been declining on the new Bearish Leg. The price already broke below the 1D MA100 (red trend-line) and so far seems to be replicating the Bearish Leg (Channel Down) of May - September 2023.
With the 1D RSI sequences between the two fractals also similar, we expect Silver to make one final Low just below the 1W MA50 and above the 0.618 Fibonacci level, before bottoming and rebound. Our Target is 26.500.
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Gold, copper, silver: A hard or soft-landing conundrumMetals were all lower on Tuesday as investors braced for a hard-landing scenario. But not all metals fell equally. We take a look at gold, silver and copper to sort the longs from the shorts, depending on which variant of an economic landing we could be facing.
Gold Ripper Rally Set For 8-16 into 8-20 Targeting $2575-$2650Have you been following my research on GOLD?
This next move will likely be a very strong Ripper-Rally where Gold will break through the dual Flag Apex and move dramatically higher over the next 5-10+ days.
I will let this video tell you all you need to know.
Remember, watch my Gold Dual-Leg Rally video too.
I wonder what the "driver" of this rally in Gold will be?
US-Dollar?
Foreign Markets?
Some political or geo-political news?
Something will send Gold upward $75-$100+ over the next 5+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking to BuyShort Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) of ((4)) as a zig zag Elliott Wave structure. Down from wave (B), wave ((i)) ended at 28.65 and wave ((ii)) ended at 29.45. Wave ((iii)) lower ended at 27.40, and pullback in wave ((iv)) ended at 28.19. Wave ((v)) ended at 27.29 which completed wave 1. Pullback in wave 2 ended at 29.22 high and the metal resumed lower in wave 3.
Down from wave 2, wave ((i)) ended at 27.93 and wave ((ii)) ended at 28.67. Wave ((iii)) lower ended at 26.49, and pullback in wave ((iv)) built a triangle structure ended at 27.16. Currently, silver is trading in wave ((v)) of 3. We are calling for one more low to end the cycle. The ideal place to end this wave comes in 26.32 – 26.06 area, where buyers should appear to start wave 4 pullback. Near term, as far as pivot at 29.22 high stays intact, expect pullback as wave 4 to fail in 3, 7 or 11 swing for further downside in wave 5 of (C).
GOLD Plan Your Trade For 8-7 : Huge Dual-Leg Rally Setup $2550+Gold is setting up a unique dual-leg rally phase, and traders need to be aware of this before the move is complete.
The recent panic setoff by the BOJ unsettled the markets - including Gold.
The Yen Carry-trade unwound over the past 5+ days - resulting in a very consolidated downward price trend in Gold.
I believe Gold is about to make two very big moves to the upside.
The first move will be quick. Probably lasting only 2 or 3 days.
The second move may be a bit longer, but it has the ability to rally well above $2550 as Gold reverts higher.
Please pay attention to this video if you follow Gold. Gold as a hedge is one thing. This move is related to the reversion pressure and the protection of currency devaluation after the past 3+ weeks of global decoupling.
I believe this next rally in gold will be explosive (min upside target $2550 or higher).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold