SPY/QQQ Plan Your Trade For 11-12 : Top/Resistance PatternToday's video is filled with great content.
Near the end of the video, I review the 11 SPDR sectors related to my deep research into my Anomaly price pattern.
Right now, I see the markets as very over-extended (overbought). I believe the markets will attempt to contact over the next 15-20+ days - setting up a base/bottom before a very late-stage Santa Rally sets up.
I've been very busy over the past few day and have a family member in the hospital right now. So, I'll be away from my PC for a bit today.
Remember, protect capital at all times.
I've been getting messages from people suggesting some traders are trying to go ALL-IN on some of these bigger price moves.
My suggestion more than three weeks ago (and even right now), is you should be in 85% CASH unless you can take the LUMPS related to trading through a hotly contested election event.
Get some.
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Silver
SILVER Is Going Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 30.422.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.289 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER: Market Is Looking Down! 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 30.07330$
Wish you good luck in trading to you all!
SILVER BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
SILVER downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 32.262 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the SILVER pair.
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Silver Heading for a Breakdown? targeting $30📉 Silver Heading for a Breakdown? ⚠️
OANDA:XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨
📊 Key levels to watch:
Breakdown at $33.10
Major fall expected below $32.50 📉
RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉
Silver (XAG/USD) Analysis:
The daily chart of Silver (XAG/USD) reveals critical insights for traders:
Resistance and Breakdown Levels:
Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown.
$32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30.
Bearish Momentum:
The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence.
Next Key Support at $30:
The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level.
Volume Insight:
A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown.
Conclusion:
If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave
bullish impulse is complete now we are entering ABC correction.
🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653,
Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently
A in progress 2770/2525.
🔸Recommended strategy for gold traders: higher risk bounce play
once A completes and transitions into B bounce, BUY/HOLD 2525
exit at 2678. Lower risk sell side setup: B completes near 2678
short sell into bounce exit at 2383 once C completes into liquidity
order block zone. good luck traders!
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Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market.
My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions.
With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher.
The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows.
By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively.
Join me as we navigate this exciting opportunity in the silver market!
3D:
4H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
SILVER - Potential long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We have hidden divergence and price could reject from bullish OB. As well on H4 we have regular divergence, so after BOS I will open a long.
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$NAK Trump tweeted about itThe win story is American mining jurisdiction which is world class "Alaska" Pebble Project that's one of the World's largest undeveloped resources of copper, gold, molybdenum, silver, and rhenium. Trump tweeted about the company and making America great again. This will be through the development of Natural resources and their companies.
Opportunity? A fall in the USD dominance is coming. BRICs can potentially challenge the USD. Money being linked back to a hard asset appears on deck whether it be BTC/Gold/Silver. This bodes well for all North American jurisdiction gold and silver resource companies. Strikepoint has huge potential in massive Walker Lane, Nevada property with an interesting private partner located at the center. As well as two high grade assets in the legendary Golden Triangle.
SILVER: Local Correction Ahead! 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 30.95107$
Wish you good luck in trading to you all!
Gold and Silver short-term correctionAs I pointed out in the previous post, Silver and Gold are showing a weakness in their price.
The correction in gold is not far from my expectations, it needed some rest after this crazy marathon in 2024 😁. Also, Silver is going into a deeper correction, which makes the silver stackers and long-term investors of this shiny metal excited. So, I would like to see Silver keep going down and reach below $30 while in the same time it would be nice to see gold is reaching below $2580.
Both Silver and Gold might experience this weakness until the end of November. Then, I would like to see another leg up forming until the end of February.
SPY/QQQ Plan Your Trade For 11-11: Gap Potential In Trend ModeHappy Veterans Day.
Thanks to all the current and past service members who have dedicated so much time and effort to protect all of us from the evil in the world. If you have anyone in your family that has served in the military, please take a moment to call and thank them for their service today.
As today is a Federal holiday, I expect the markets to be somewhat muted in terms of trends.
We are still seeing BTCUSD rally higher as the Trump win delivers a clear mandate related to global crypto/blockchain opportunities.
We are still dealing with a market in a post-election rally phase. I believe this rally phase will diminish over the next 5 to 7+ days and move into the early stages of my Anomaly phase.
My research suggests the US and global markets are likely to move into a consolidation phase before attempting to move into a very late phase Santa Rally.
So, at this point, with the SPY breaching 600 in pre-market trading, I would suggest traders start to PULL PROFITS and prepare for what I believe will be a moderate consolidation of price over the next 5-7+ trading days.
Gold and Silver are still FLAGGING in an inverted Excess Phase Peak pattern. This is currently a bearish price trend - attempting to break higher to move into a rally to Phase #3 (consolidation).
We could see some big price rotation today if Gold and Silver break above the FLAGGING trend.
Buckle up.
Get some.
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Silver H1 | Resistance at 61.8% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 31.72 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 32.30 which is a level that sits above a swing-high resistance.
Take profit is at 30.95 which is a swing-low support.
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GOLD, SILVER, PLATINUM & COPPER Weekly Forecast Nov. 11thThe Metals are at areas of supportive discount arrays, but will they move higher.
The latest COT Report indicates the institutional traders are betting on higher prices, even when the assets seem to be in consolidation.
Monday is a US bank holiday, and Tuesday may start slow, but I suspect the price action will be clearer come Wednesday.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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BRIEFING Week #45 : What a FireworkHere's your weekly update ! Brought to you each weekend with years of track-record history..
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R2F Weekly Analysis - 10th November 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
This video will be a special "The Leap" edition.
- R2F
SILVER My Opinion! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 31.3070 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 32.361
Recommended Stop Loss - 30.604
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
XAGUSD_3Hhello
Analysis of silver in the medium term time frame
Elliott wave analysis style
The market is in 5 downward waves, which is currently in a descending channel and in the 5th downward wave.
For the next week, the important resistance is the number 31.700, and by maintaining this number, it will continue to fall towards the number and range of 3.000 and 30.400, which is the end of the fall, and it can enter a new upward trend towards the number 33.000.