BUY SILVER (XAGUSD) - Price action entry strategy explainedTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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XAGUSD trade ideas
SILVER (XAGUSD): Classic Trend ContinuationSilver is presently in a downtrend, moving steadily within a parallel descending channel on the 4-hour chart.
After testing the channel’s upper boundary, the price dropped, breaking a strong support level.
Now, a retest of this broken level is underway, suggesting that further declines are likely, with target levels at 29.70 and 29.38.
SILVER: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: This is currently my primary view, Monday placed the opening range of the week, dumping down into the previous LOW, closing as well out of balance. Tuesday consolidated below the LOW, until it started breaking higher at the end of the day, placing a peak formation low in Asia session of Wed, which printed as well a higher high into the Tue high of day. Potentially this market is staring now the frontside move, and in this specific moment, the low of Asia, or closing price are the level I will be looking for a buy low, if a setup is presented after 8:30am CPI news release.
Short: I'm not really interested at the moment in shorting this market, however, the current high of Asia can be a level of reaction for a short scalp
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 30.01
1st Support: 28.82
1st Resistance: 32.14
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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.
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SILVER Will Go Higher From Support! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 31.396.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 31.547 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!
SILVER - NEW BREAKOUT !Hello Traders !
On Thursday 24 Nov, The Silver reached the strong support level (30.07670 - 29.70850).
Currently, The price broke the last lower high (Change of Character).
So, I expect a bullish move📈
________________
TARGET: 31.93700🎯
SILVER Will Explode! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 30.255 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.505
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
SILVER (XAGUSD): Important Resistance Ahead! Your PlanSILVER is currently testing a significant area where a daily horizontal resistance meets a descending trend line. Depending on how the price reacts to this zone, there are two possible scenarios.
In a bearish scenario, traders should look for a 4-hour candle to close below the resistance level on a 4-hour timeframe before selling the market. If an engulfing candle forms and closes below 30.65, a bearish trend towards the 30.00 psychological level is anticipated.
On the other hand, in a bullish scenario, watch an inverted head and shoulders pattern on a 1H time frame.
30.92 is its neckline.a breakout above the highlighted blue area and an hourly candle closing above it would signal a strong bullish move with potential for further upward movement.
Important fundamental news expected today could act as a catalyst for a breakout in either direction.
SILVER:Today's strategy to do low - based long
Yesterday's silver is also surging all the way, long and short rapid conversion, today's thinking to follow the trend bullish, back pedal is more opportunity, silver attention 30.90 is a new support, strong support 30.40, there is a chance to back pedal 30.90 long. The target is 31.3-32.6
SILVER Rebound Ahead! Buy!
Hello,Traders!
SILVER made a retest
Of the horizontal support
Of 29.74$ from where we
Are already seeing a bullish
Rebound and as we are
Locally bullish biased
We will be expecting a
Further move up
Buy!
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Check out other forecasts below too!
Silver a long term gem!
Silver may rise to new heights in the coming years due to its dual role as both an industrial metal and a safe-haven asset, with increasing demand fueled by its critical use in renewable energy technologies like solar panels and electric vehicles, potential supply constraints, and heightened investor interest amid economic uncertainty and inflationary pressures; additionally, the giant cup and handle pattern shaping up on long-term charts suggests a significant technical breakout could propel prices to record levels if resistance at historical highs is surpassed.
Silver looks ready to reverse higherThursday's trading in silver saw a brief fall to the 61.8% Fibonacci retracement level. The price then quickly rallied and closed green on the day, forming a fine bull hammer candlestick. The relative strength index dipped as low as 38, indicating a moderately oversold condition.
The kneejerk selloff in the metals that followed Trump's election appears to be unwinding, and Silver may be ready to begin it's next leg higher.
XAGUSD Silver: Is the Bullish Breakout Here to Stay?👀👉 Silver (XAG) has been gaining bullish momentum, with a clear breakout in market structure visible on the daily and 4-hour timeframes. My bias remains bullish, and I’m closely monitoring a retracement into the Fibonacci 61.8% zone for a potential entry. In this video, we take an in-depth look at Silver, applying a trend continuation strategy to identify high-probability setups. Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making trading decisions. 📊✅
Don't be shaken out of your silver positionsThis drop has been sudden and significant...lots of bearish sentiment prevails and is all over social media...this is typical of a bottom. Plus when you look at the charts I see s series of 1,2's that have formed which means an explosion is coming...a "beach ball" move is what I am expecting over the next few months...starting this week!!!!
XAGUSD_4H_SellSilver analysis update Elliott wave analysis The market is trying to make an upward correction, and this top can be considered Elliott wave 4 We are an important resistance area and we are not currently buying the market to create a new position The important number and range of resistance is 31 to 32 The medium-term time number and support is 30.55. If this number is lost, we will enter the last wave of decline as wave 5 to the target of 28.800.
SILVER: Move Up Expected! 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 31.54737$
Wish you good luck in trading to you all!
Bottom on 4h for Silver
here we are with thebottom of silver on hour charts , what do you think guys??
IS SILVER READY FOR UPWARD RALLY?Silver!
N.B!
- XAGUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#silver
#xagusd
Silver Gains Traction: Short-Term Upswing Expected● Silver continues to exhibit a robust uptrend, having recently touched an all-time high of 34.9 before retracing to its key support zone around 29.8.
● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains.
● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just 3% above the current price – presents a prime short-term buying opportunity for traders to ride the anticipated upswing.
Silver could have found its bottomSilver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35.
However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30.
As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points.
For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline.
Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart.
I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.
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.
XAGUSD. Trading opportunityHello traders and investors!
On the hourly timeframe, it's a long trend. In the last impulse, the key bar is in the middle at the 50% level of the impulse (!).
Locally, you can look for buying opportunities from the buyer’s defense of the 31.272–31.2 range. It’s better to set close targets, like the local high, or trail the trade. The buyer may be able to reach 32.16.
On the daily timeframe, the seller's vector 9-10 within the range is still relevant.
Good luck with your trading and investments!
SILVER SHORT FROM RESISTANCE
Hello, Friends!
We are targeting the 30.477 level area with our short trade on SILVER which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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