On the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward...
XAG/USD has reacted off the resistance level which is an overlap resistance level that lines up with the 38.2% Fibonacci retracement and could fall to our take profit. Entry: 30.06 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is a pullback resistance level. Take...
The Silver (XAG/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 28.83 1st Support: 27.70 1st Resistance: 30.08 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,...
XAG/USD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 30.06 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is an overlap resistance...
SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market. A Tale of Two Forces: Supply and Demand The...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Level
XAG/USD is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 30.151 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 29.763 Why we like it: There is an overlap support...
Price is rising towards a resistance level which is an overlap resistance that aligns with te 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.912 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 31.788 Why we like it: There is an overlap...
The current XAUUSD chart shows that gold is approaching the final stages of its trading range cycle, indicating a potential bearish breakout. The chart reveals a series of lower highs and consistent tests of the support zone, suggesting weakening buying pressure. The resistance zone, highlighted in red, has successfully rejected price advances multiple times. We...
Silver (XAG/USD) is rising towards the pivot and could reverse from this level to the 1st support. Pivot: 31.307 1st Support: 29.779 1st Resistance: 32.289 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,...
Hello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the...
Silver was in a bullish trend, and this descending channel can act as a bullish flag. The bottom of it can be good support for silver. As you can see on the chart, XAGUSD had a perfect reaction to that zone, indicating it can rise more.
Selling XAG now. Across the board XAG is on a massive discount. Reversed my initial trade of going long after my SL has been triggered while going towards the upside. 1419SGT 03062024
Major range drawn on the Hourly Time Frame. Buyers has managed to get sellers to give a massive discount, at the Major Support price level of as drawn on the Hourly Time Frame(level is obvious, look at the Hourly Time Frame). Sellers testing the water at raising prices bit by bit. Would the buyers bite? I am not sure. I bought in based on the signs of buyers...
XAG/USD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.967 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 31.788 Why we like it: There is an overlap...
✅SILVER will soon retest a key support level of 30.10$ So I think that the price will make a rebound And go up to retest the supply level above at 30.60$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
TVC:SILVER Expecting small correction to our identified area, and a strong bounce from our region is expected. The trend is still extremely bullish however, as we said price is making a correction once it completed and at the rejection we can enter. **If you like the idea then please like,comment and follow us** Team Setupsfx_