Rebound correction Silver. H4 09.10.2024Rebound correction Silver
Silver made a reversal downwards, which I wrote about in the last post Now the price has approached the margin zone and local support 30.20 from which they can make correction upwards. However, I believe that the fall will continue to the strong support zone 28.06-28.86 and in this zone I will look for culmination and a buy signal. Also, silver is now trading in the past profile accumulation area and if there is no reaction up, it will confirm the thoughts of a deeper decline.
CAPITALCOM:SILVER
XAG USD ( Silver / US Dollar)
#SILVER: Risk Entry Vs Safe Entry! ! Dear Traders,
The XAGUSD/SILVER price has declined since the normalization of Middle Eastern conflict tensions. These scenarios occur when fundamental pressure diminishes, resulting in market sell-offs, particularly for metals. While gold reached a multi-month low of 2607 before reversing, silver continues to decline. We anticipate a potential price reversal within two specific areas.
Additionally, we have identified three potential reversal targets. Please conduct thorough research before making any decisions regarding silver. It is important to note that the price may reverse upon reaching the first target. Therefore, a well-defined plan is crucial when trading highly volatile market instruments. We wish you the best of luck in your endeavours.
Silver H4 | Potential bounce off swing-low supportSilver (XAG/USD) could fall towards a swing-low support and potentially bounce off this level to climb higher.
Buy entry is at 30.05 which is a swing-low support.
Stop loss is at 29.48 which is a level that lies underneath an overlap support and a 61.8% Fibonacci retracement level.
Take profit is at 31.13 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
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XAGUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 31.12, which is a pullback resistance and a 38.20% Fibonacci retracement.
Our take profit will be at 30.13, an overlap support level.
The stop loss will be at 31.79, an overlap resistance level.
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. 62% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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.
SILVER Will Go UP! Buy!
Hello,Traders!
SILVER price dropped
Today but then it came
Close to retesting the
Horizontal support below
At 30.00$ and we are
Already seeing a bullish
Reaction so as we are
Bullish biased we will be
Expecting a further move up
Buy!
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XAGUSD Buy opportunity near the 1day MA50.Silver / XAGUSD is approachint the 1day MA50, being on a Channel Up since the August 8th low.
The long term pattern is also bullish, an uptrend on a Rising Support, exactly where the 1day MA200 is.
Technically the 1day MA50 is the first buy entry of this pattern and the Rising Support the second.
The 1day RSI suggests that based on the March 26th 2024 fractal, we won't need the Rising Support yet.
Buy and target the 1.382 Fibonacci (35.000).
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Silver struggles at key resistanceSilver has now failed t break the $32.00 level on multiple occasions - but it may do so soon Still, the fact that we have tried to take out the May high of $32.51 twice in as many weeks and have failed to hold there may be a sign of waning bullish momentum. At the time of writing, silver was still holding above key support in around the $31.35 - $31.50 area (blude shaded area). The line in the sand is at $30.88, the most recent low. If this level breaks then we may see a correction to below $30.00 with $29.00 being a key support where we may see silver start another bullish trend. So let's wait and see what silver does here. In the longer-term, I continue to think silver is headed for $35.00 at least. But I am not so sure about the short-term path, especially in light of most recent price action.
If you trade silver, make sure to keep an eye on gold. The yellow metal remains supported by strong fundamentals, with central bank rate cuts and geopolitical tensions bolstering demand for the safe-haven asset. Despite recent dollar strength, which has capped gold's upward momentum, factors like rising oil prices, Middle Eastern unrest, and China's economic stimulus continue to lend support. However, the Fed Chair's indication of a more cautious approach to rate cuts means gold could potentially ease back as the dollar comes back. This could also negatively impact silver in the short-term outlook.
By Fawad Razaqzada, market analyst with Forex.ocom
SILVER Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.202
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 31.709
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
XAG/USD "The Silver" Market Money Heist Plan on Bullish SideHello My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAG/USD "The Silver" Market Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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US Inflation, Earnings Season Kickoff, Markets on EdgeS&P has failed to make all-time highs
Dow has failed to make all-time highs
Nasdaq has failed to make any new highs
Russell has failed to make any new highs
Oil rips on Middle East escalations
Dollar rips on technical support and bear trap play. Dollar is a big component to the stock markets edging higher for the remainder of the year (e.g. dollar strong = market weak, dollar weak = market strong)
I'm keeping it very simple and staying patient for any "dip" opportunities on indexes, stocks, and watchlist items
I still like Gold, Silver, Bitcoin long as well - again, patient on price action and entries
Major News this week
-US CPI (MoM, YoY, Core and Reg CPI)
-Earnings Season Kickoff - DPZ, DAL, WFC, JPM, BLK and others
Thanks for watching!!!
WEEKLY FOREX FORECAST SEPT 7-11th: SILVER | XAGUSDSILVER | XAGUSD is in position to make more gains. My bias is bullish, and I am looking out for long setups.
41.140 is my invalidation line. Should price break below this price, I will change my bias to bearish.
Check the comments section below for updates regarding this analysis throughout the week.
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XAG/USD "SILVER" Market Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAG/USD "SILVER" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
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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Continued growth Silver. H4 25.09.2024Continued growth Silver
Silver is still prioritised for growth to 33, but may pullback before that. The nearest strong zone for buying is 30.60-31.17 where 1/2 margin falls and I recommend to look for overhigh 32.50 with a potential target near option resistance 33. Strong volume accumulation also falls into the zone and strengthens it.
"SILVER" COULD BE THE NEXT GOLD!!!Hello everyone, I hope you are all doing well. Previously, I had shared my analysis on the price rise of gold. In case you missed it, I would like to share some new opportunities with you. The chart indicates a very bullish trend with 1 leg, 2 legs, and a positive RSI and MACD in monthly and yearly time frames. Silver is about to explode in price, with the first target being $40, which is a 60% increase. The next targets are $60 and $70. I will keep you updated on this in the future. Thank you for your attention. (This is a midterm analysis 6 months to 1.5 years)
TVC:SILVER MCX:SILVER1! CAPITALCOM:SILVER FX:XAGUSD OANDA:XAGUSD FOREXCOM:XAGUSD
Caution: Before executing a trade, consider the risk/reward ratio and
implement proper risk management techniques based on your total
investment amount.
Disclaimer: This information or service is for informational purposes
only and is not intended to be personal financial advice
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times.
Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support.
Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term.
With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break.
Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience.
In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
SILVER: Expecting Bearish Movement! Here is Why:
Balance of buyers and sellers on the SILVER pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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