Going DOWN?Are the words a whisper to my girlfriend after a long hard day at work... NO f@ck off are the words she whispers back.
As you can see i have a few very strong levels drawn on my chart, the main level been 22 as previously it was used as support which finally broke yesterday, today price has come back up to re test this broken level as resistance and if this resistance level holds then i can see bears pushing price down to 19! Now i am very bullish on silver long term because of all its industrial uses and the lack of supply in circulation, this only means one thing 2022 will be a very big year for silver bulls, but until then i can see price being manipulated by the big banks and been pushed down short term.
On the other hand if we fail to hold below 22 then the opposite could happen and we could push up to my next level of resistance at 22.89. In trading you have to look at both outcomes and let price tell you what it wants to do, if you rush in you will always lose.
So i am short term SHORT but long term LONG.
If you have any questions please just ask.
Cheers.
Xagusdshort
SILVER : WEEKLY TRADE PLAN UPDATEhi traders and followers.. i wish u all the best in your trading
so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post.
as for silver.. Silver is trading sideways and showing rejection at $23.14 after last week's breakout to a new low on the daily chart.
again same with gold.. any breakout below 21.66265 is opportunity to buying dip
❤️Please, support this idea with like and comment!❤️
Silver- Strongly bearish under 22.50Yesterday I've argued that Silver can drop hard if it breaks the flag pattern.
After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag.
I maintain my bearish outlook and I'm looking to sell rallies or directly the break.
The target can be the measured one at 21 or, in the short term, 22.30, the recent low support
Silver- Sell the breakIn yesterday's comment, I said that Silver is weaker than Gold and bulls don't have power.
As we can see from the H1 chart, the rise from the recent low is very anemic and is drawing a bearish flag.
I expect a break down for silver and short term traders can target 21 zone for a more than 1:3 R:R
Silver can drop to 19Unlike Gold, Silver is weaker and the price couldn't correct the drop, instead consolidated in a tight range.
At this moment the price is exactly in a strong support zone and considering the incapacity of correcting, I expect a break and a hard fall for XagUsd
My target is 19 and only Silver back above 23 would negate this bearish scenario
XAGUSD Weekly TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
XAGUSD will correct lower as Hammer Failed to be Activated This idea will not be liked by many as we all hope it will be a great bull, but chart doesnt cheat, 2 weeks ago we have a good hammer at low on weekly chart , weeks has passed at to date we have failed to break pass the hammer hence shows the market is not ready for a silver squeeze, 8H -20H & Weekly chart has yet to print lower low so basiccally the price would remain Bearish. Any rise in silver would be rejected by 24.400 as strong 20H resistance, from here we would see a fall to 22.50, failing to hold this level we shall see a super slide in silver towards 18.500 in matter of hours, Looking at Jackson Hole Outlook- The Feds is preping for a surprise Taper this coming FOMC - For long 18.00 is a very great 10 dollar rise to buy.
Silver Analysis, Bears in controlHello everyone, as we all know the market action discounts everything :)
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XAGUSD is bearish on the long-term outlook. The sellers were in charge of the Silver market since June and the bears’ momentum has been increasing. The price has been decreasing accordingly.
The market has pushed above the 23 levels and holding near the support zone, and all the former support levels of 25 and 24 has turned into resistance levels.
Using the Elliot wave theory we can see that the market is having a corrective wave right now which could push it near the 24$ zone where a battle will happen between the Bears and Bulls, and if the Bears wins then the price will be going down near the 22$ level as confirmed by the Elliot theory.
Different Scenarios for the market :
Scenario 1 :
The Market is holding at 23.709 near the support zone from 23.649 to 23.437, The bears are trying to drop the market as much as they can so we could be seeing a breakout happening at that level that would lead the market near the 22$ level.
Scenario 2 :
The Bulls are trying to gain control back over the market as we saw from the last movement on August 23, where the market price jumped from 22.897 and hit 23.938, but they will have to show a lot of power to break the resistance zone at 24.004 to 24.147, But if they were able to break that resistance then we will be seeing the market price going back up near the 25$ level.
Technical indicators show:
1) The market is below the 10 20 50 100 200 MA and EMA (Bearish sign)
2) The MACD is below the 0 line showing that the market is Bearish, With a positive crossover between the MACD line and the Signal line that explains the latest push that happened.
3) ADC is at 48.73 showing that the market is trending, With a negative crossover between DI+ (15.51) and DI- (29.99)
Support & Resistance points :
support Resistance
1) 23.649 1) 24.004
2) 23.437 2) 24.147
3) 23.294 3) 24.359
Fundamental point of view :
Silver prices rallied and remained buoyed, closing with a doji day at the highs of the trading session. This came despite a selloff in gold prices. Durable goods orders declined less than expected and new orders ex-transportation were unchanged. The dollar eased slightly, which helped silver prices gain a toe hold.
Silver of course has a certain amount of an industrial component built into it, and it is worth noting that industrial numbers have fallen quite a bit over the last several weeks. That being said, if we see the US dollar sell-off drastically, it is likely that the silver market may catch a bit of a bid, at least temporarily based upon that alone. According to fxempire.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading
Silver analysis Elliot wave count short term Traders,
I expect prices to push lower below $22 in the next few days. We are currently working wave 4 (Triangle pattern) I will enter short once price breaks below BD line, I expect some volatility on silver and Gold as well
Please like and share your analysis
good luck
XAGUSD UPDATESilver, like gold, failed to break through the trendline level.
If the price breaks through the 23.44 mark, it may be possible to short once more.
targeting 21.8 and 21.4
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
happy trading to all
Silver could dive againUnlike Gold, Silver corrected the steep Monday's drop in the same day, and confirmed old support as resistance.
In the past days the price consolidated in a range and a new drop is probable at this point.
I will look to sell rallies and only a close above resistance would change my bearish opinion
Silver Has Broken Below the Flag
Welcome back Traders, Investors, and Community!
Hi Traders, XAGUSD on D chart has formed a Bullish Falg and has broken below the Flag by a large red candle. I am expecting to go lower to 24.11
⬇️Sell now or Sell at 25.84
⭕️SL @ 26.81
✅TP1 @ 24.11
✅TP2 @ 22.6
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
Silver- New leg down soon?After proving 28 zone as a strong resistance, Silver has started to roll back just to find 25.50 zone as support.
One month of consolidation followed and at this point, XagUsd looks ready to break down.
23.80 support could be bears target and Silver back above 27 would negate this scenario
Silver Perfect signal for short Very simple setup for 2.6:1 Reward/Ratio. Let me point out the most important signals here and we have quite few on current chart:
• 200 Emma stopped further gains against dollar
• Followed by long bearish candle accompany with shooting star
• 50% of retracement after mayor drop.
The TP area is within the channel in which silver is traded for the last year.