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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XAG USD ( Silver / US Dollar)
Silver H4 | Overlap resistance at 50% Fibonacci retracementSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 29.87 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 27.77 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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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.
XAGUSD / TRADING IN THE DOWNWARD ZONE - 4H TIME FRAMEXAGUSD / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
The market is trading below the turning level of 29.07 , and below the channel trend line at 29.38.This means the price action is currently bearish , with a downward bias , The immediate expectation is that unless the price breaks above these levels, the market could continue to decline.
Downward Conditions:
If the price remains below 29.38, it suggests that the market will continue to trend downward, Initial target for the decline: 28.10 , If 28.10 is broken, the next target would be 27.63.
The downward trend remains valid as long as the price doesn't break and stabilize above 29.38.
Upward Conditions:
If the price breaks and stabilizes above 29.38, this would indicate the beginning of a bullish reversal , The first upward target is 29.82 , If 29.82 is broken, the market could aim for the next target at 30.51 , This upward movement would only be valid if the price successfully breaches the channel trend resistance and holds above it.
UPWARD TARGET :
29.82 , 30.51.
DOWNWARD TARGET :
28.10 , 27.63.
Overlap resistance ahead?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support level which has been identified as a pullback support.
Pivot: 28.93
1st Support: 27.72
1st Resistance: 29.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAGUSD - Silver on the rise?Silver is below the EMA200 and EMA50 in the 4H timeframe and is trading in its descending channel
If the drawn upward channel is maintained and its valid failure is not achieved, silver's upward path will be possible up to $29
If silver rises and falls within the specified supply zone, we can look for silver sell position
Silver H4 | Potential bullish reversalSilver (XAG/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 27.77 which is a multi-swing-low support.
Stop loss is at 27.00 which is a level that lies underneath an overlap support and the 78.6% Fibonacci retracement level.
Take profit is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement 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 (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 (XAGUSD): Long From Support
I see a nice buying opportunity on Silver.
The test of a key intraday/daily structure support triggered a strong bullish reaction.
A double bottom was formed, and we see a bullish movement above the neckline
this morning.
I think that the price will keep growing at least to 28.61
❤️Please, support my work with like, thank you!❤️
XAUUSD potential Buy trade after the breakout of the channelXAUUSD has bounced off a support level and reached the key price level of 2500. On the daily timeframe, two long-tailed bars have formed, indicating a strong double rejection of the support. If upcoming news does not negatively impact gold, the market could be positioned to test its all-time highs. On the 1H chart, the price action has broken and closed above the downward channel, suggesting that the recent movement was a pullback and signalling a possible end to it. The market may retest the swap zone before pushing to higher levels. The target is the resistance at 2527
Silver Major Price Levels and Trend InsightsWelcome to my latest Silver (XAG/USD) technical analysis using Gann grid lines! If you're new to Gann analysis, don’t worry—I'll break it down in simple terms.
What Is Gann Analysis?
Gann analysis is a method developed by legendary trader W.D. Gann. It combines geometry, time, and price to identify key levels in the market where price action is likely to react. In essence, Gann theory suggests that markets move in predictable cycles and that certain price levels are more significant than others.
How Does This Gann Chart Work?
In the chart you see above, I've applied Gann grid lines, which create a web of horizontal, vertical, and diagonal lines across the chart. These lines represent price-time relationships and help identify critical levels where Silver’s price might find support or resistance.
Each horizontal line corresponds to specific price levels (in US dollars), while the diagonal lines help capture the trend and potential pivot points.
Key Price Levels
Here’s a breakdown of the most significant levels that you can see marked on the chart:
Resistance Levels:
427.5° = $33.49 (Strong overhead resistance).
405° = $32.05.
382.5° = $30.66.
360° = $29.29.
Support Levels:
337.5° = $27.95 (Current level, a key area to watch).
315° = $26.64.
292.5° = $25.37.
270° = $24.13 (Major support zone).
The numbers next to these levels represent angles or "degrees" in Gann theory, which are important for measuring cycles of price and time.
What Do These Levels Mean for Silver?
Currently, Silver is trading around the 337.5° level ($27.95). This level could act as strong support, and we could see a potential bounce if buyers step in. However, if the price breaks below this, the next significant support level is at 315° ($26.64).
If Silver holds the 337.5° level: We might see a move back up towards $29.29 (360°), followed by $30.66 (382.5°) if the bullish momentum continues.
If Silver fails to hold 337.5°: The price could drop towards $26.64 (315°), which is another strong support zone.
Diagonal Trendlines and Time Cycles
The diagonal lines crossing the chart represent Gann angles, which help forecast turning points in the trend. For example, when price interacts with these lines, it often leads to shifts in direction or momentum. These angles can give clues as to when a price change might occur in relation to both price and time.
Conclusion
In summary, Silver is at a key inflection point. A bounce from current levels could take the price higher toward $29 and beyond, while a break below $27.95 might lead to further downside. Using Gann analysis helps traders understand not only key price levels but also the timing of potential moves, giving a more complete picture of market dynamics.
SILVER Sellers In Panic! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 27.937 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 28.271
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
Bearish drop off 61.8% Fibonacci resistance?XAG/USD has reacted off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could fall from this level to our take profit.
Entry: 29.11
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop stop: 27.88
Why we like it:
There is a pullback support.
Take profit: 28.35
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish drop?The Silver (XAG/USD) has reacted off the pivot and could fall to the 1st support identified as an overlap support.
Pivot: 29.11
1st Support: 28.33
1st Resistance: 29.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold possible up correctionXAUUSD continues its downward movement, closing below the 2500 level and confirming a break out of the consolidation zone. With this momentum, the market is likely to head to lower levels. Although the major trend remains bullish, this correction might find support around the 2450 level. If the market retests this area and shows rejection signs, like a bullish long-tailed bar, it could offer a good buying opportunity. A strong rebound from the 2450 support could pave the way for a continuation of the bullish trend toward the all-time highs. The target is the resistance zone at 2505