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Silver XAGUSD Overextended With Range-Bound Price Action🥈 XAGUSD (Silver) is overextended in my view 📈. Price has recently pushed into new highs 🔼 and is now moving sideways in a range 📊—often a sign that larger entities 💼 may be working their orders. ⚖️ This could be a form of distribution, as silver has moved into a zone of thin liquidity 🌊. To facilitate bigger positions, institutions may need to generate liquidity by keeping price sideways ⏸️ before the next move. 📉 My current bias is for a retracement back into equilibrium ⚖️ and towards an unresolved bullish imbalance 🔍 that remains below. ⚠️ This is for educational purposes only, not financial advice 📚
FX:XAGUSD
by fxtraderanthony
XAGUSD Analysis : Bearish Setup 2x Supply to Next Reversal Zone🔍 Market Context & Technical Overview Silver (XAGUSD) has recently gone through a sharp corrective phase after breaking above a key structural high and retesting previous resistance. The current price action reflects a clean MMC-patterned behavior, including volume absorption, QFL trap, and interaction with a descending trendline that has now become critical for further directional bias. 🧠 Key Observations Based on MMC Principles 🔵 1. Volume Absorption at the Triangle Breakout After a prolonged consolidation phase inside a triangle pattern, volume absorption took place—indicating hidden accumulation. A breakout above the structure was confirmed with momentum (also breaking a previously established “High Breaked” level). This breakout led to a vertical move towards the 2x Channel Supply Interchange Zone, where price reversed sharply. 🟥 2. Supply Interchange Zone (2x Confirmed) Price encountered resistance at the green supply block, which acted as a 2x supply zone—a critical confluence where previous sellers re-engaged. This area had previously served as the channel boundary, creating a supply interchange effect. ⚠️ 3. QFL Zone Trap (Fake Momentum) The price printed a QFL structure, where it created a flat base, faked a move up, and quickly reversed. The QFL base acted as a trap for late buyers, which aligned with the start of a bearish phase that is still ongoing. 📉 4. Downtrend & Trendline Respect Price has respected a strong descending trendline since the reversal at supply. Each retest has resulted in a lower high, confirming the bearish structure is intact for now. Currently, the price is trading below this trendline, reinforcing short-term bearish sentiment. 📦 Key Levels to Watch Zone/Level Type Role 38.70 – 39.20 2x Supply Zone Strong resistance, reversal origin 37.40 – 37.60 Minor Level Short-term support turned resistance 36.00 – 35.40 Next Reversal Zone ✅ High-probability long area, MMC expects reaction Trendline Dynamic Structure control, needs break for bullish shift 🔁 Scenarios Based on Structure 📈 Scenario 1: Bullish Reversal from Green Demand Block Price is approaching the next MMC reversal zone (green box below 36.00). MMC logic suggests a 100% probability of bullish reaction based on: Volume cycle completion Downward exhaustion Proximity to previous institutional accumulation zones Expected move: bounce toward trendline retest and minor resistance at ~37.50. 📉 Scenario 2: Break Below Green Zone = Panic Sell If the green zone fails to hold: A panic drop toward 34.80–35.00 is possible. However, based on MMC mapping, this is less likely without a major macro catalyst. 💡 Strategic Thoughts (MMC Traders’ Lens) We’re observing a classic MMC Phase 3 correction following Phase 2 expansion. The current cycle favors reaccumulation, especially if a wick or engulfing candle forms inside the green zone. Price action traders should wait for confirmation (e.g., break of trendline, bullish structure on 1H) before entering. 📌 Educational Trade Plan (Not Financial Advice) Setup Entry Zone Stop Loss Target 1 Target 2 Reversal Long 35.80 – 36.20 35.40 37.50 38.70 Trendline Break Long Above 37.10 36.40 38.00 39.00 Bearish Continuation Below 35.40 36.10 34.80 33.90 🧾 Conclusion & Final Note Silver is trading at a make-or-break point as it approaches a high-probability reversal zone, identified through MMC methodology. Watch the price action near 36.00 closely—it holds the key to whether we begin a new bullish phase or extend this bearish cycle. ✅ MMC traders will stay reactive, not predictive, and align with structure. 🚨 Patience is key—let the market show its hand before commitment.
FX:XAGUSDShort
by GoldMasterTrades
"SILVER (XAGUSD) July Breakdown = Trend Reversal SetupSilver’s explosive rally may be running out of steam — the July setup is screaming SELL. 📌 Using Vinnie’s Trading Cheat Code System, here’s the case: ✅ CC SELL confirmed near the 37.30 zone ✅ RSI Overbought printed — classic blow-off top conditions ✅ MACD rolling over + weakening momentum ✅ Price rejected cleanly from the top of trend channel 🎯 Bearish targets: 34.60 – first reaction zone / channel midpoint 32.80 – channel base and high-volume node This is a prime setup for a mean reversion trade or trend reversal, depending on how July opens. Looking to build shorts into rallies. 🧠 Powered by: Confirm Alerts CC MACD Screener RSI OB/OS Zones Cheat Code Trend Indicator Watch for continued weakness below 35.80 to confirm momentum shift.
OANDA:XAGUSDShort
by bluesignalfx
3
"The Vault is Open!" - Time to Steal Silver Pips🔥 XAG/USD SILVER HEIST: Bearish Raid in Progress! (Short Setup) 🔥 🦹♂️ ATTENTION SILVER BANDITS! To the Metals Mercenaries & Risk-Takers! 💰🔪 Using our 🔥Thief Trading Tactics🔥, we're executing a bearish raid on XAG/USD - this is not advice, just a strategic robbery plan for traders who play to win. 📉 THE SILVER VAULT BREAK-IN (SHORT ENTRY PLAN) 🎯 Loot Zone: 34.500 (or escape earlier if bulls fight back) 💣 High-Stakes Play: Perfect pullback to steal pips 👮♂️ Cop Trap: Where bulls get liquidated 🔪 ENTRY RULES: "Vault Breach Confirmed!" - Strike at pullback to nearest swing high/low (15-30min TF) Sell Limit Orders for optimal risk/reward Aggressive? Enter at market but watch gold correlation 📌 SET ALERTS! Don't miss the rejection 🚨 STOP LOSS (Escape Plan): Thief SL at 36.400 (Key swing level) ⚠️ Warning: "Ignore this SL? Enjoy donating to bulls." 🎯 TARGETS: Main Take-Profit: 34.500 Scalpers: Ride the NY session momentum 🔍 WHY THIS HEIST WORKS ✅ Industrial demand slowing ✅ Dollar strength crushing metals ✅ ETF outflows accelerating ✅ Technical rejection at key level 🚨 RISK WARNING Avoid FOMC/NFP periods (Silver loves volatility) Trailing stops = your escape plan 💎 BOOST THIS HEIST! 👍 Smash Like to fund our next raid! 🔁 Share to build our thief army! 🤑 See you at 34.500, bandits! ⚖️ DISCLAIMER: Hypothetical scenario. Trade at your own risk. #XAGUSD #SilverTrading #Commodities #ThiefTrading 💬 COMMENT: "Short already - or waiting for better entry?"* 👇🔥
VELOCITY:SILVERShort
by The-Thief
XAG/USD (Silver) Monthly Analysis – Major Resistance Test Incomi🔍 XAG/USD (Silver) Monthly Analysis – Major Resistance Test Incoming 💥🪙 📊 Overview: This monthly chart of XAG/USD (Silver vs. US Dollar) reveals a critical technical juncture, where price action is testing a multi-year resistance-turned-support zone around $36.27. The chart is structured with major zones of support and resistance, and it includes a potential bullish extension followed by a bearish correction scenario. 📌 Key Technical Levels: 🟧 Support Zone: $22.50 – $24.00 🟨 Resistance-Turned-Support Zone: $34.00 – $36.50 🟪 Major Resistance: $43.60 – $48.80 🔼 Bullish Scenario (Preferred Path): Current Price: ~$36.27 is at the upper edge of a crucial S/R flip zone. 📈 A breakout above this zone could propel silver toward the next resistance target at $43.60, with a potential full extension to $48.80. ✨ Momentum and historical breakout behavior from this region suggest strong buying interest if breached convincingly. 🔽 Bearish Scenario (Rejection Path): 🔄 If silver faces rejection at the $36.27 zone, it may retrace towards: 🟥 $28.31 minor support (intermediate target), 🔻 followed by a deeper correction to the $22.50–$24.00 support zone. 🔁 This would complete a classic retest of broken support, allowing accumulation before any further long-term rally. 🧠 Strategic Notes: ⚠️ Macro-driven: Silver is highly sensitive to inflation, Fed policy, and industrial demand. 📅 Long-term chart suggests cyclical behavior, with consolidation phases followed by aggressive trends. 📌 Traders should monitor weekly closes around $36.27 to confirm breakout or rejection. ✅ Conclusion: Silver is at a make-or-break zone 🧨. A breakout may lead to a multi-year high, but failure here opens the door for a healthy pullback. The next few candles will be decisive for long-term positioning. 📉 Watch for rejection wicks at resistance 📈 Monitor volume on breakout attempts 📊 Plan for both outcomes: breakout or retest
OANDA:XAGUSD
by MrStellanSight
Precision Pays Off: Learn, Trade, Win — Results Speak Louder🎯 Analysis On Point Again! My recent analysis played out exactly as expected. 📉📈 Those who followed my instructions not only gained profits but also improved their trading knowledge and decision-making skills. Success in trading isn't just about luck — it's about learning to read the market with precision and discipline. 📚💡 To those who’ve been riding along — congratulations on your gains! 🥂 And to the new followers, stay tuned. The next winning setups are just around the corner. Let’s grow, learn, and earn — together. 🚀💸
OANDA:XAGUSDShort
by MrStellanSight
10
Silver Double Top at Major Resistance – Bearish Breakdown📌 Overview: This chart shows a classic Double Top Pattern forming on the weekly timeframe for Silver (XAG/USD). Price has reached a multi-year resistance zone and failed to break above it twice, signaling potential exhaustion of bullish momentum and the possibility of a larger trend reversal. 🧩 Detailed Pattern Breakdown: 🔹 1. Double Top Pattern The double top is one of the most reliable bearish reversal patterns, formed when the market tests a resistance level twice and fails to break it, creating two rounded or sharp peaks. In this case: Top 1 and Top 2 occurred near the $35–36 zone, clearly marked as a major resistance level. This indicates strong selling pressure from that zone. 🔹 2. Major Resistance Zone The $35–36 price range has historically acted as a ceiling for Silver prices. It rejected price several times between 2021 and 2025. When this kind of level holds, it often precedes sharp corrections, especially when volume begins to drop and momentum weakens. 🔹 3. Rising Trendline Break After forming the double top, price broke down through a key ascending trendline, a sign that the bulls are losing control. The breakdown is further confirmed by a strong bearish candle, closing below both the trendline and a critical SR (Support-Resistance) Interchange zone. 🔹 4. Retesting in Progress Post-breakdown, the price action is now retesting the broken trendline and horizontal zone (~$28). This is a crucial moment: If Silver gets rejected here, it confirms the bearish breakout and signals entry for sellers. If it reclaims this level, the bearish setup could fail, and price might consolidate or resume uptrend. 🔹 5. SR - Interchange Zone This zone is marked because it acted as resistance during the 2022-2023 period, and then flipped into support in 2024. Currently, it’s being tested from below, making it an SR flip retest. These zones often become inflection points. 🔹 6. Black Mind Curve Support An important and unique addition is the “Black Mind Curve Support” – a curved dynamic trendline that has historically aligned with price retracements. The projected path shows that the curve and horizontal support (~$22.68) intersect, strengthening the significance of that level. 🔹 7. Measured Move & Target Based on the height of the Double Top pattern (approx. $10 range from top to neckline), the measured move places the target near $22.68, which matches both: Historical demand zone Curve support This alignment makes $22.68 a realistic and strong downside target. 🧭 Strategic Summary: Pattern Type: Double Top (Bearish Reversal) Key Resistance: $35–36 (Multi-year rejection level) Trendline: Broken (Bearish confirmation) Retesting Area: $28–29 zone (Watch for rejection) Downside Target: $22.68 (Confluence of support zones) Invalidation: Clean weekly close above $35 🔍 What Traders Should Watch: ✅ Bearish Candlestick Confirmation at the retest zone (e.g. bearish engulfing, shooting star). ✅ Increased volume on drop, confirming participation by larger players. 🚫 Invalidation signal would be a sustained move and close back above the resistance zone. ⚖️ Risk Management Tip: This pattern offers a high risk-to-reward ratio trade setup. Short entries on the retest with stop loss above $36 can provide substantial downside potential toward $22–23, especially in a commodity market prone to sharp retracements. 📌 Final Thoughts: Silver appears to be forming a clean double top reversal at a long-term resistance. If the current retest fails, a significant correction may follow, targeting the $22.68 level. This pattern, combined with key support-resistance dynamics and psychological zones, makes this setup worth monitoring for medium- to long-term traders.
OANDA:XAGUSDShort
by GoldMasterTrades
3
XAG/USD Rejection Looming at Key Resistance – Bearish Reversal 🔍 Chart Analysis – XAG/USD 1. Trend & EMAs: The chart shows two key exponential moving averages: 📈 EMA 50 (Red): 33.1940 📉 EMA 200 (Blue): 32.8684 Price is currently above both EMAs, indicating a short-term bullish trend, but a possible bearish rejection is forming near resistance. 2. Key Zones: 🟥 Resistance Zone: 33.45 – 33.60 Price has repeatedly tested this zone and reversed, suggesting strong selling pressure. Multiple wicks into this zone show buyer exhaustion. 🟩 Support Zone: 32.60 – 32.85 Strong demand observed here with consistent bounces. The EMA 200 also aligns with this support, reinforcing its strength. 3. Price Behavior & Pattern: 🧱 Repetitive Bearish Drops: Marked by blue rectangles, suggesting a pattern of sharp sell-offs after touching resistance. 🔁 Potential Double Top Pattern forming near the resistance zone, a classic bearish reversal signal. 🧭 The projected path suggests: A short-term retest of the resistance. Followed by a pullback toward the support zone around 32.60. Breakdown below support could open further downside potential. 📌 Summary: ⚠️ Short-Term Outlook: Bearish bias if resistance holds. 📍 Key Level to Watch: 33.60 (breakout) and 32.60 (breakdown). 🔄 Trade Plan: Consider short entries near 33.45–33.60 resistance zone with stops above 33.65. Target around 32.65–32.60 support zone. 📊 Indicators in Play: EMA confluence supports trend analysis. Price structure and rejection patterns suggest likely mean reversion to support.
OANDA:XAGUSD
by MrStellanSight
21
Rising Wedge Breakdown – Bearish Setup on Silver (XAGUSD)Silver (XAG/USD) is currently trading within a bearish rising wedge formation on the 8-hour timeframe, and the market structure is hinting at a potential reversal to the downside. The confluence of resistance zones, pattern anatomy, and historical price action all point to a high-probability short setup, especially if key support levels are breached. 📈 Pattern Analysis: Rising Wedge A rising wedge is typically a bearish chart pattern that forms when price consolidates between two upward sloping trendlines. However, the upper trendline rises at a slower pace than the lower one—indicating decelerating bullish strength. It often precedes a bearish breakout, especially if volume decreases near the apex. In this case, the wedge is forming just below a major resistance zone around the $34.00 area, adding weight to the bearish scenario. 🔹 Key Technical Levels : 🟥 Resistance Zone ($33.80–$34.80): Price has tested and rejected this area multiple times in recent weeks. It marks a clear liquidity zone where sellers are in control. 🟩 Support Zone ($29.50–$30.30): This zone has provided strong support in previous retracements. If broken, it may flip into resistance upon retest. 🟦 Retest Zone (~$31.00–$31.50): If the wedge breaks downward, price may retest this area—creating an opportunity for traders to enter short with better risk-reward. 🎯 Final Bearish Target : $26.85: This level is derived from the height of the wedge and prior demand zones, making it a strong target area in a fully played-out bearish move. 🧠 Market Structure & Sentiment: Volume Analysis – Volume has been tapering off as the price squeezes within the wedge, which is a typical trait of rising wedges. A volume spike on breakdown would serve as confirmation. Trend Analysis – While the overall trend in the medium term has been bullish, the weakening upward momentum suggests that buyers are losing strength, and sellers may regain control soon. Rejection Candle s – Several recent candle wicks above the $33.50 zone show clear rejection and failure to close above, reinforcing the resistance level. 📊 Trade Plan (Educational Purposes Only): Criteria Details Bias Bearish (Rising Wedge Breakdown) Entry Option 1 On breakdown of wedge + retest Entry Option 2 Aggressive entry on breakdown candle close below $31.50 Stop Loss Above $33.80 (last resistance) Take Profit 1 $30.00 (support zone) Take Profit 2 $28.00 (partial exit) Take Profit 3 $26.85 (final target) 📌 Trading Psychology Note: Traders should remain patient and avoid entering prematurely. Let the pattern confirm itself with a clean break and retest. Risk management is critical—wedge patterns can also fake out before reversing hard. 🧾 Summary: Silver is nearing the end of a rising wedge pattern, right under a heavy resistance zone. Historical behavior, weakening momentum, and classic wedge structure suggest a potential bearish reversal. A break below the wedge support and a retest around $31.00 could present a high-probability short trade setup targeting the $26.85 area. Keep this chart on watch. A decisive move is likely coming soon.
OANDA:XAGUSDShort
by GoldMasterTrades
XAGUSD Triangle Pattern Forming – Breakdown on the Horizon?🧠 Technical Analysis – XAG/USD Silver (XAG/USD) has entered a compression phase, forming a classic Symmetrical Triangle Pattern within a broader Black Mind Curve structure, which adds additional psychological and visual significance. These patterns, when paired together, often signal a build-up of volatility ahead of a powerful breakout. 🔍 Pattern Explanation: Triangle + Black Mind Curve Symmetrical Triangle Pattern: This pattern is marked by converging trendlines of higher lows and lower highs. It reflects indecision between bulls and bears — a tug-of-war where volatility decreases as price coils into the apex. Black Mind Curve Structure: The curved support and resistance arcs highlight a rounded structure often seen before large breakout moves. These curves create an intuitive framework for understanding how the market is behaving on a broader scale — the "mind of the market" if you will. 🔺 Curve Resistance: Acting as a ceiling suppressing bullish attempts. 🔻 Curve Support: The dynamic floor that has held price within bounds until now. 📉 Breakout & Retest Phase in Play The triangle has now been breached to the downside, and price is currently in the retest phase — a textbook behavior before continuation. The market is now revisiting the lower boundary of the triangle (~$32.30–$32.40), which is potentially flipping into resistance. This retest is critical: if price fails to reclaim the triangle and gets rejected, it strengthens the case for further downside. We’ve also seen a slight uptick in bearish momentum and volume on the initial breakdown. 🎯 Projected Price Targets We apply the measured move technique, which calculates the triangle’s height and projects it downward from the breakout point: TP1: $31.68 – A short-term support level and the first technical target. TP2: $31.12 – Measured move target and key demand zone from the past week. These levels are not arbitrary — they align with both psychological round numbers and historical structure zones, which often act as magnets for price. 📌 Why This Setup Matters This isn’t just a triangle breakout. The confluence of the triangle pattern and the Black Mind Curve framework suggests a psychologically significant shift is underway. Price has respected the curved structure for nearly two weeks. The triangle represents compression — the final phase before directional expansion. The false breakout risk is real, but the context (bearish trend leading in, lower highs, failed rallies) favors a downward continuation. 💡 Trade Setup Idea (Example Only) Parameter Value 🧩 Pattern Symmetrical Triangle ⏳ Phase Retesting after breakdown 🎯 Entry On bearish confirmation at ~$32.30 ❌ Stop Loss Above triangle upper bound (~$32.65) ✅ TP1 $31.68 ✅ TP2 $31.12 ⚖️ Risk/Reward 1:2 or better Note: Wait for clear rejection candlesticks (e.g., bearish engulfing, shooting star) to confirm bearish intent. ⚠️ Risk Management & Considerations Avoid premature entries — wait for candle confirmation on the retest zone. Adjust lot size and leverage according to personal risk tolerance. Remember: triangle patterns can break either way — monitor invalidation levels carefully (e.g., a breakout back into triangle with strong volume). 💬 Mindset & Market Psychology This triangle and curve setup mirrors a battle between consolidation and trend continuation. The curves represent the market’s subconscious behavior — as price rounds out and tests boundaries, the final breakout reveals collective trader sentiment. “Patterns are footprints of psychology. Trade the behavior, not the prediction.” Be the trader who waits for the story to unfold. Let structure speak before you act. ✅ In Summary 📌 Pattern: Triangle inside Black Mind Curve 🔍 Key Levels: $32.30 (retest), $31.68 (TP1), $31.12 (TP2) 📉 Bias: Bearish, with potential continuation after retest rejection ⏱️ Timeframe: 1H – Suitable for intraday to short-term swing trades 💬 What do you think – is Silver ready to break down, or will bulls reclaim control? Drop your analysis below! Like & follow for more smart technical setups every week.
OANDA:XAGUSDShort
by GoldMasterTrades
XAUUSD Double Top Breakdown & Target – Bearish Reversal in Play?In today’s analysis, we focus on Silver (XAG/USD) on the daily timeframe, which is currently presenting a high-probability bearish reversal setup. The price action has completed a Double Top pattern — a classic reversal formation — and has broken down below its neckline support, signaling a potential shift in momentum from bullish to bearish. This chart setup is particularly valuable for swing traders, pattern traders, and anyone seeking to anticipate mid-term directional moves in the commodities market. 📐 Technical Breakdown: 🔷 1. Double Top Formation: The Double Top pattern forms after a sustained uptrend and is identified by two peaks at nearly the same level. In this case: Top 1 formed near $35.5. Top 2 retested the same zone but failed to break above. The neckline support — drawn across the $28 zone — was eventually broken. This price action confirms the classic M-shaped structure, signaling distribution and potential bearish continuation. 🔷 2. Neckline and Breakdown: After failing at Top 2, price dropped below the neckline, breaking critical horizontal support. This move completed the pattern, triggering many technical sell signals. Price is now retesting the neckline zone, a common phenomenon where broken support becomes resistance (known as a "retest"). This retest offers a textbook short opportunity if bearish confirmation follows. 🔷 3. Curve Resistance: The upper curved blue line represents dynamic resistance. It has successfully capped price action across multiple attempts and aligns with the pattern's second top — enhancing the strength of this rejection area. 🧱 Support & Resistance Zones: Resistance Zone: $34.50–$35.50 Strong resistance from both peaks (Top 1 & Top 2) and historical sellers. Neckline / Retest Zone: ~$28.00 Now acting as resistance — this is the critical level to watch for rejection or breakout. Support Zones / Take-Profit Levels: TP1: ~$26.40 — aligns with recent horizontal structure and minor support. TP2: ~$22.58 — matches major historical support and measured move projection from the Double Top pattern. 📉 Measured Move Target (Pattern Projection): To calculate the target from a Double Top: Measure the height from top to neckline. Project that downward from the neckline’s breakout point. In this case: Height: ~$35.5 – $28 = $7.5 Breakdown point: $28 – $7.5 = Target near $20.5–22.5 The TP2 at $22.58 matches this logic — further validating the downside potential. 🔄 Market Psychology & Sentiment: This pattern reflects a shift in sentiment: Bulls tried and failed twice to push through resistance. The eventual breakdown shows bearish conviction, and the ongoing retest represents a decision point. If sellers hold this level, we could see a cascade of downside pressure as stops are triggered and momentum builds. 🛠️ Trade Setup & Scenarios: 📌 Scenario 1 – Bearish Continuation (High Probability): If price fails to reclaim the neckline (now resistance) and forms bearish confirmation (e.g., engulfing candle, rejection wick, breakdown below $31), this confirms a likely move toward TP1 and TP2. Entry Idea: Short on rejection from the $28–$29 zone Stop-Loss: Above $30 TP1: $26.40 TP2: $22.58 📌 Scenario 2 – Invalidated Pattern: If bulls push price back above the neckline ($29–$30 zone) with strong volume and daily close, this invalidates the setup and may lead to: Bullish continuation toward $32–$34 Possible trend resumption if curve resistance breaks 🧠 Educational Notes: Double Tops are most reliable when: Formed at the top of strong uptrends. Followed by a neckline break with volume. Retested with rejection. The retest phase is often the best risk/reward entry because: It confirms resistance. Offers clear invalidation levels. Keeps your stop tight while targeting deeper moves. 📢 Final Thoughts: Silver is currently at a critical technical juncture. The Double Top breakdown has played out, and now all eyes are on the retest. If bears defend the neckline, this setup provides a strong case for continued downside, offering a clean structure with well-defined targets. ⚠️ Risk Management is crucial — always manage your position size and respect invalidation zones.
OANDA:XAGUSDShort
by GoldMasterTrades
XAGUSD[SILVER] : A Start Of Swing Sell, Comment Your Views?Silver is currently consolidating in the daily timeframe, with no clear indication of where the price may move forward. Looking at the volume of the last few days or week’s candles, we can confirm that a swing sell could be imminent in the market. Fundamentals and technical data support this view, as well as our own trading experience. This analysis predicts the future price of the XAGUSD (SILVER) but does not guarantee that the price will move exactly as described. However, we want to emphasise that this analysis should be used for educational purposes only and should not be considered as a secondary bias. We would love to hear your thoughts on this idea. Additionally, please remember to like, comment, and share the idea to encourage us to bring you more trading ideas! Much love ❤️ Team Setupsfx_
OANDA:XAGUSDShort
by Setupsfx_
20
#XAGUSD 1HXAGUSD (1H Timeframe) Analysis Market Structure: The price is approaching a key resistance zone on the 1-hour timeframe. Previous reactions at this level suggest that sellers have been active, making it an important area to monitor for potential price rejection. Forecast: A sell opportunity may be considered if the price gets rejected from the resistance area with bearish confirmation signals. A failure to break above the resistance could lead to downward movement. Key Levels to Watch: - Entry Zone: Consider selling near the resistance zone after clear confirmation of rejection. - Risk Management: - Stop Loss: Positioned above the resistance area to protect against unexpected breakouts. - Take Profit: Aim for nearby support levels or previous lows. Market Sentiment: As long as the price respects the resistance level and bearish confirmations appear, selling pressure could increase. A clear breakout above resistance would invalidate the current bearish setup.
OANDA:XAGUSDShort
by PIPSFIGHTER
XAGUSD Weekly Analysis – Double Top Formation & Breakdown🧱 Chart Pattern Identified: Double Top Formation The chart displays a classic Double Top pattern, a bearish reversal structure typically found at the end of an uptrend. This pattern forms when price reaches a resistance level twice, fails to break above it both times, and eventually breaks the neckline/support level, confirming a shift in market sentiment. 🔍 Key Components of the Chart: 1. Resistance Level (Tops) – ~$34.25 The market formed two significant peaks around the same level — labeled Top 1 and Top 2. This level has proven strong resistance, as price was rejected both times after testing this zone. This zone is marked with a light orange rectangle and a horizontal blue line labeled "Resistance Level". 2. Support Level (Neckline) – ~$28.80 This level served as the neckline of the Double Top. After the second top, the price sharply declined and is currently approaching this key support zone, highlighted again in light orange. A clean break and close below this zone on the weekly timeframe will be a strong confirmation of the bearish reversal. 3. Trendline Break – Bearish Shift in Momentum A rising black dashed trendline supported the prior uptrend. Price action has now broken below this trendline with strong bearish momentum, indicating that buyers have lost control. This trendline break adds confluence to the bearish setup, supporting the validity of the pattern. 4. Bearish Projection Target – ~$22.47 The target is projected using the height of the Double Top pattern. Measured from the resistance level ($34.25) to the support ($28.80), the vertical distance is ~5.45 USD. Subtracting this from the neckline gives us a projected target: 28.80 - 5.45 = ~23.35 (rounded down to ~22.47 for technical cluster support). This target area is marked with a blue arrow and labeled "Target" near the horizontal support at $22.47. 5. Stop Loss – ~$34.25 The logical invalidation point is placed just above the resistance zone and the second top. A move above this level would invalidate the double top pattern, signaling that bulls have regained control. 📈 Price Action and Candlestick Behavior The strong bearish weekly candle that broke below the trendline shows a decisive shift in sentiment. The candle's large body and long range confirm institutional selling interest. Volume (if shown) would likely support the move, but even price structure alone is highly telling here. 🎯 Trading Strategy & Setup Component Details Entry On a confirmed break and retest of $28.80 support (neckline) Stop Loss Above $34.25 (Top 2) Target $22.47 Risk/Reward ~1:2 or better Timeframe Weekly (Swing Trade) Bias Bearish 🧠 Concluding Notes This chart provides a high-probability bearish setup rooted in classical charting principles. The Double Top is one of the most reliable reversal patterns, especially when: Formed after a prolonged uptrend (as seen here), Confirmed with a trendline break, Followed by strong bearish momentum toward the neckline. Traders should monitor the support zone around $28.80 closely for a potential breakdown. If confirmed, the target near $22.47 becomes a realistic medium-term objective.
OANDA:XAGUSDShort
by GoldMasterTrades
Silver Breakdown: Rising Wedge Bearish Move Towards Target1. Chart Overview This 4-hour (H4) chart of Silver (XAG/USD) shows a clear Rising Wedge Pattern, a bearish technical formation. The price action recently broke below the lower support trendline, confirming a downside move. Several key levels, indicators, and trading strategies can be derived from this setup. 2. Identified Chart Pattern: Rising Wedge (Bearish Reversal) A Rising Wedge is a pattern that forms when price consolidates between two upward-sloping trendlines, with the support line rising at a steeper angle than the resistance line. This pattern is considered bearish because it signals weakening buying pressure and an impending breakdown. Uptrend Formation: The price had been moving within a wedge, forming higher highs and higher lows. Volume Considerations: A wedge breakout is often accompanied by increasing volume, further confirming the trend shift. Breakout Confirmation: The price has decisively broken below the lower boundary of the wedge, indicating that sellers are taking control. 3. Key Technical Levels & Trading Strategy Resistance Level (Rejection Zone) – $34.00 - $34.50 The upper boundary of the rising wedge acted as strong resistance. Multiple price rejections confirm sellers' dominance in this area. Any future retest of this level may provide a new opportunity for short entries. Support Level (Broken & Retested) – $32.50 - $32.80 This zone previously acted as strong support, preventing price from falling lower. Now that price has broken this support level, it could act as resistance if a retest occurs. A confirmed rejection here will further validate the bearish outlook. Stop Loss Placement – $34.16 A logical stop-loss placement is slightly above the previous swing high and resistance area. If price moves above this level, it would indicate that the breakdown has failed, invalidating the bearish setup. Bearish Target – $30.76 (Measured Move Projection) This level is derived from the height of the rising wedge pattern projected downward. The area around $30.76 aligns with a previous support zone, making it a reasonable target for the current breakdown. 4. Price Action & Future Expectations Current Market Sentiment: Bearish The break below the wedge confirms a bearish sentiment. A slight retracement to the previous support (now resistance) around $32.80 - $33.00 is possible before further downside. If selling pressure remains strong, Silver is likely to reach the $30.76 target in the coming sessions. Alternative Scenario: Bullish Recovery If the price moves back above $34.16, the bearish outlook is invalidated. A sustained move above this level could indicate a false breakdown and may push Silver toward new highs. 5. Trading Plan Based on This Setup 🔹 Entry Strategy: Look for a retest of the broken support zone ($32.80 - $33.00) to enter short positions. A rejection from this level with bearish confirmation (e.g., a bearish engulfing candle) strengthens the trade setup. 🔹 Stop Loss: Placed above the wedge resistance at $34.16 to protect against false breakouts. 🔹 Take Profit Targets: First Target: $31.50 (intermediate support level) Final Target: $30.76 (measured move projection of the wedge) 6. Conclusion This Rising Wedge Breakdown on Silver’s H4 chart presents a strong bearish trading opportunity with a well-defined risk-reward ratio. The break below key support signals continued downside, with $30.76 as the next major target. However, traders should monitor any retest of the broken support zone to confirm further selling momentum before entering new positions.
OANDA:XAGUSDShort
by GoldMasterTrades