SILVER LONG FROM SUPPORT|
✅SILVER fell again to retest the support of 32.00$
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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XAGUSDG trade ideas
Silver is setting up for a big rally Im looking for silver to catch some footing here and place a floor underneath. A hike to $36-$37 can occur rapidly once investors realize the support is in.
Silver: Time to Take a Long Position..?Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result, we now have sufficient confidence to proceed with entering a long trade, capitalizing on the bullish momentum.
SILVER_108 2024.11.05 13:52:04 Trading Signal SELLFrankPro Signal for SILVER_108
Type: Screen
Signal: SELL
TP: 31.668
SL: 32.956
Entry Price: 32.795
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Up LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver spot price in US Dollars) in both the short-term and long-term:
**Short-term (next few days to a week):**
* The technical indicators suggest a strong sell signal, which could lead to a short-term decline in price.
* However, the STOCH and STOCHRSI indicators show that the market is oversold, which could suggest a potential rebound.
* Given the support level of 32.05, if the price holds above this level, a short-term rebound and growth are anticipated.
* Expected price movement: Neutral to slightly bearish in the very short-term, but potentially bullish if the support level holds.
**Long-term (next few weeks to months):**
* The forecast suggests that silver prices could rebound and grow, targeting levels above 35.45, if the support level of 32.05 holds.
* The bullish trend in gold prices and the potential safe-haven demand due to geopolitical uncertainties could support a long-term uptrend in silver prices.
* The economic and industrial demand factors, such as China's potential stimulus measures, could also contribute to a long-term price increase.
* Expected price movement: Bullish, with a potential target price above 35.45.
In summary, while there may be some short-term volatility and potential decline, the long-term outlook for silver prices appears to be bullish, driven by a combination of technical, fundamental, and market factors.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the XAG/USD (silver price) in both the short-term and long-term:
**Short-term (next 24-48 hours):**
The price is expected to **go up**. The technical indicators suggest a bullish trend, and the forecast predicts a rise to around $35.15 in the next 24 hours. The expected rate cut by the US Federal Reserve and potential stimulus measures from China could also support silver prices.
**Long-term (beyond 48 hours):**
The price is also expected to **go up**. The technical analysis suggests a potential upward rebound and continued growth with a target above $35.45. The bullish trend, supported by stronger EUR/USD and gold prices, Middle East tensions, and the overall geopolitical landscape, is likely to continue. Additionally, the potential for higher inflation under a Trump presidency could lead to increased demand for safe-haven assets like silver, further supporting the price.
Overall, the analysis suggests a bullish outlook for silver in both the short-term and long-term, with potential price increases driven by a combination of economic policies, geopolitical factors, and technical indicators.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is the expected price movement for the XAG/USD pair:
**Short-term (next few days to a week):**
* The price is expected to go up. The forecast suggests an upward rebound and continued growth with a target above 35.45, supported by a weaker US Dollar and a bullish trend indicated by moving averages.
* A breakout above the resistance area of 33.75 could accelerate this growth.
* However, the US presidential election on November 5, 2024, may cause caution among traders, leading to some volatility.
**Long-term (next few weeks to months):**
* The price is also expected to go up. The approval of China's additional stimulus package could increase demand for silver, supporting the growth scenario.
* The forecast suggests that the silver price may test the support area near 32.05, but this is expected to be followed by an upward rebound.
* A fall and breakout below the 30.75 level would cancel the growth scenario, but this is not the expected outcome based on the current analysis.
Overall, the analysis suggests a bullish trend for the XAG/USD pair in both the short-term and long-term, with some potential volatility in the short-term due to the US presidential election.
Result: ST=Up LT=Up
SILVER: Market Is Looking Up! 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 32.80212$
Wish you good luck in trading to you all!
Silver is over priced, buyers are waitingAs per 04 & 01 HR chart analysis, Silver will drop down to 31.800 - 900 levels. Waiting for 1 HR bearish entry candle and 04 HR bollinger bands expansions to show the short-term trend directions.....Good luck!
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the SILVER pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 34.252 level.
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SILVER (XAGUSD): High Chance to Go Up
Silver broke and closed above a resistance line
of a narrow horizontal range on an hourly.
The price may now continue going up, at least to 32.81 level.
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XAGUSD UpdateSilver has made an ascending trendline which have a 3 touches which means its valid
So now we’re waiting for it break below our last touch so we can enter a short (sell) position\
Follow us for more update
SilverThe US Federal Reserve’s policy decision, set for Thursday, is capturing market attention. A 25 basis point rate cut is widely anticipated this week, with the CME FedWatch Tool indicating a 99.5% likelihood of this move in November. Such a rate cut could lend support to Silver, as lower interest rates decrease the opportunity cost of holding non-yielding assets.
In addition, expectations for further economic stimulus from China could enhance Silver's demand outlook. The Standing Committee of the National People's Congress (NPC) is convening for a five-day meeting from November 4 to 8, where a stimulus package possibly exceeding 10 trillion yuan may be approved to boost China’s economy. As one of the world’s largest centers for electronics, solar panels, and automotive manufacturing, China’s increased activity could significantly drive up Silver demand.
XAG/USD Long H4 Buyers are Loading ?Buy Stop @ 28.16714
S/L @ 27.08079
T/P @ 31.4171
R.R.R. @ 1/3
Pure Price Action Trading based on Breakout of Key Level.
Good Trading !
XAGUSD D1 LongBuy Stop @ 29.9999
S/L @ 26.4220
T/P1 @ 33.5772
T/P2 @ ------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Level.
SILVER: Will Keep Growing! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move up.
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Silver Bearish untill Thursday.As per the technical analysis Silver must retrace to the next take profit target/discounted level (in my case 32.150-200 levels) - This is where the buyers 9the big boys are waiting for a buy position, probably by this Thursday). Currently i'm waiting for a Bearish entry candle on 1HR chart. Good luck!!
SILVER: Local Correction Ahead! 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 32,83200$
Wish you good luck in trading to you all!
Silver Price Analysis: 5th Wave EmergesSilver Price Analysis: 5th Wave Emerges – Targeting $34.50 and Beyond
The attached chart provides a technical analysis of silver (XAGUSD) on a 75-minute timeframe, highlighting its movement through a series of Elliott Waves and technical formations that signal potential price targets. Currently, silver appears to be starting its 5th wave, indicating an upward movement that could drive prices significantly higher in the near term.
Key Technical Insights:
Falling Wedge Pattern: The chart reveals a falling wedge formation in wave (4), typically a bullish reversal pattern. As silver broke out of this formation, it confirmed the beginning of wave (5), marking a shift in trend towards an upward trajectory.
Wave Count: According to Elliott Wave Theory, silver has completed waves (1), (2), (3), and (4) and is now entering wave (5). This final impulse wave often signals a continuation of the bullish trend, pushing prices to new highs before a potential reversal or corrective phase.
Current Price Action and Initial Target:
Starting Point: Silver has started its 5th wave from a recent low of $32.264.
Target 1: The immediate price target for this wave is $34.50. This target is based on the previous resistance level and aligns with technical indicators that suggest upward momentum.
Fibonacci Extension Target:
If the 5th wave gains strong momentum and reaches 1.618 times the length of wave (1), silver could potentially reach the $35.595 mark. The 1.618 Fibonacci extension level is often associated with the completion of strong impulsive waves, providing a secondary target for bullish traders.
Supporting Indicators:
Moving Averages and Bollinger Bands: The chart shows silver moving along key moving averages with the Bollinger Bands expanding, indicating increased volatility and room for price movement within the upward trend.
Volume: An increase in trading volume supports the breakout, indicating that buyers are entering the market, further strengthening the bullish outlook.
Summary
With the breakout from the falling wedge and the start of the 5th wave, silver is positioned for a potential rally towards $34.50, with an extended target of $35.595 if momentum continues. Traders should watch for price action around these levels, as they could present opportunities for profit-taking or further breakout trades if bullish sentiment remains strong. However, caution is advised as silver approaches these resistance levels, as a reversal could occur once the 5th wave completes.
Silver's price action over the next few sessions will be critical in confirming the strength of this upward movement and whether it can achieve the anticipated Fibonacci extension level.
#DYOR
XAGUSD Downside Likely as 1M Pivot ResistsHello,
OANDA:XAGUSD is currently at its one-week low, trading below the 1-month pivot point (1M PP). If the 1M PP continues to act as resistance, further downside is likely, potentially leading to a test of the 31.79 to 30.049 range.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Bullish Divergence Formed on SILVER XAGUSDWe have a bullish Div here on Silver 45min TF.
Divergence is not completely fool proof, however 7 out of 10 times, they give you a win and push into green, giving you an oppurtunnity to cut your stoploss in half.
There are 3 possible rejective price levels on chart. Which may send price back on a bearish rally. However once price breaks 32.50 it should retest rejection price level 1.
This will be interesting to watch play out this week, once markets reopen in 3 to 6hours, Be mindful of market open CME Gap. OANDA:XAGUSD
XAGUSD VIew!!SPDR Gold shares turned negative in late trading, falling 0.1%. Despite losing momentum throughout the day, recent strength has come as investors add gold positions. "The retail investors have started following central banks and are increasing their allocations as evidenced by the inflow into ETFs and their increasing demand for physical gold," says Alex Ebkarian of Allegiance Gold in a note. Earlier this week, the World Gold Council confirmed increased buying of gold ETFs among western investors. Front-month gold futures finished the day down 0.1% to $2,738.60 an ounce. (kirk.maltais@wsj.com)
SILVER Massive Long! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.449
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 33.607
Recommended Stop Loss -31.757
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
Silver Yearly Chart V.XBig Picture Road Map.
A solid yearly close above $31 enacts the end game targets north of $160.
Whether the breakout is confirmed this year or the next, remains to be seen.
#silver
