Silver daily viewH&S pattern is clear with uptrend weakness
Waiting for breaking the neckline and the trendline for short trade with good RR ratio up to the next support level
XAGUSD trade ideas
XAG/USD new and old target is over 34 firstlyThen second target is 39 and third target is 45.
Trend is still in sleep, but time is ready to wake up to follow the trend to 45.
Lackluster Slow-Silver Long . Volumes will pick up.
I think that gold and silver might've found a bottom in their correction.
But really the movement in this buy long in silver is non existent, a similar story with gold. But London and Europe will be opening in the few hours ahead as the Australian session comes to a close, hopefully theres a few silver and gold buyers that can pick up the momentum a bit in this trade.
You would not be alone in thinking that this long trade right now in precious metals could sell-off at anytime and move lower.
Precisely what happened in Bitcoin earlier as it sold. But how quickly all of the Crypto's turned green and it looked like no selling had even occurred. BTCUSD, DOGEUSD and many others looked like they were carrying some overbought weight on their daily's.
Below is the Silver daily chart. Another reason this is so slow in momentum currently is because price on the daily is below all of the key moving averages, 200ema, 50ema and even 21 ema the Silver price is just beneath.
SILVER BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bullish trend on SILVER, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 31.455.
✅LIKE AND COMMENT MY IDEAS✅
SILVER Will Go UP! Buy!
Hello,Traders!
SILVER is going down
Sharply but a strong
Horizontal support is
Ahead at 29.70$ and
As we are locally bullish
Biased we will be expecting
A local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Accumulate small lot silver >profitGold.Supported daily 200ema.
Silver is usually a bit more expensive to buy than gold, but this also compounds the profits. Look at this daily chart with white line 200ema. This is the chart that screams buy at these low levels in Silver.
Use a stop loss just under the low today 30.04.
XAG/USD 20.11.2024FXOPEN:XAGUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, stopploss would be above the last high take profit would be all the way down to wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C).
If you have any questions, feel free to ask! ;)
Minor Structure + Momentum: Part OneWhen analyzing momentum, the most important question to consider is: Where should I focus my analysis of momentum?
Many traders often find themselves confused by the concept of "momentum" as they try to derive meaning from every single candlestick movement.
The straightforward answer is: Analyze momentum when the price is at key levels or is getting close to them! In particular, for minor structures (trends), you should pay close attention to momentum near the 13 and 20 EMAs, as we do in ARZ Trading System.
Keynotes: a minor trend is still valid, if these two key points are continuously happening:
1. We always expect a loss of momentum for price when approaching the key levels, and gaining momentum when it's moving away from them, in the direction of the trend.
2. A very important sign of gaining momentum is crossing and closing the whole previous candle(s).
Let's analyze this chart:
- It is obvious that candles #1 to #3 are showing a loss of momentum, but they are far from key levels and it just might mean a retracement, which happened. But again it might not retrace at all!
- from #3 to #4, we see price is gaining momentum, which is not good! so both key levels could easily break, which happened. But again in #5 and #6, we see the price losing momentum in the opposite direction of the previous downtrend, and gaining it in the direction of the minor downtrend. so everything is good.
- Again #7 confirms the momentum in the direction of minor downtrend.
- In retracement up until #8, the price is gaining momentum upward, which is not good. But candles #9 through #10 again are in our favour.
- the correction to #11 is not looking good for a downtrend, and in the next candles, to #13 we are not convinced that sellers are stronger. So, we are cautious here. And the price finally gains momentum upward and we reach #14.
- From #15 to #16, momentum is the same for both buyers and sellers. It is a tight range and can do nothing until we see a clear sign of gaining momentum (or losing) in one direction. And the sign came in the shape of candle #17. If this tight range were to continue, it should have been a bullish strong candle.
Silver Yearly Log Scale ChartWith just about one month left in the trading year...
All interested eyes should be on this silver yearly chart.
#silver #historical
SILVER: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️
SILVER (XAGUSD): Pullback From Support
I bought silver from a key daily/intraday horizontal support
after a breakout of a neckline of a cup & handle pattern on an hourly.
I expect a pullback to 30.938 level.
❤️Please, support my work with like, thank you!❤️
Silver could drop back under 30Unlike Gold, Silver showed far less volatility last week and behaved in a more technical manner.
After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break.
Similar to my approach with Gold, my strategy for Silver is to sell into rallies. A potential first target for this drop is 29.70.
XAGUSD eyes bullish batsOn the 4-hour chart, XAGUSD is currently fluctuating and falling, with short-term bears in the ascendant. Currently, the support below can be seen around 30.87, and if the callback is in place, pay attention to the potential bullish bat pattern.
XAGUSD SELL TRADEThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
SILVER Will Go Up From Support! Long!
Please, check our technical outlook for SILVER.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 30.769.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 32.322 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Mon 25th Nov 2024 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Buy. Enjoy the day all. Cheers. Jim
Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
SILVER SELL PROJECTION (INTRADAY)Silver 🥈 has been in an uptrend for weeks and we can clearly see a breakout from the uptrend and price is going to mitigate the zone to go short
XAG (SILVER)📝 Important ranges for this week have been drawn, you can trade them according to your personal strategy.
⏱ TIME:15M
📍If you like this kind of content, please leave a comment❤️
XAGUSD - long
weekly looks good.
origin - if price holds this POC at the open tomorrow on vol or delta, I'd look to go long. looks like the pullback is complete. price could dump further so I respecting the POC is a must.
we had lower volume this week than the previous week. this usually happens towards the end of a previous move. this gives additional confluence to the long idea. if this doesn't work this week and we chop around on low volume this week, then highly likely move on XAG will be to the long side during second week of December.
Long XAUUSDSimple illustration of Support and Resistance line and Trend line on XAUUSD.
Previous weekly bar bounces off S/R and trend line suggesting bullish rally for the coming weeks.
SILVER M15 BULLISH TRENDBULLISH OUTLOOK :
silver price is expected to rise as continuesly bullish , so trying buy is safer than sell.
TECHNICAL ANALYSIS :
in the technical frame , silver trading above , showing a bullish trend and RSI also shows that .
SNR :
key level for silver are at 30705 , while the resistance level is at 31405.
TRADING STRATEGY :
according our analysis , we recommend a long position in silver and targeting a move upto the resistance levels always trade smart .
BEST WISHES TOM 😎
