SILVER buy the dip ๐Community discussions
๏ปฟSILVER buy the dip ๐
SILVER Look at the 6 daily volume candles compared to normal trading on the daily chart. WTF? The same for gold. Massive sell volume and buy columns compared to normal? What is this, because price is not moving that much?
SILVER Silver is in a volatile market; we need to pay attention to the rebound after the double top pattern. Today's strategy update.Idea: Silver performed as expected; โฆ
SILVER ๐ฏ The Master Plan (Trade Strategy)We're looking for a pullback to load up on Silver, targeting a run towards a major resistance zone.
Entry Zone: 46.500 - 47.000
We're waiting for a pullback where the Triangular Moving Average (TMA) acts as dynamic support. This is our discount zone! ๐ท๏ธ
Stop Loss (The "Getaway Car"): 45.500
Placed just below the nearest swing low (candle wick). If price breaks that lower low, the plan is invalidated, and we make a clean getaway. ๐๐จ
Take Profit (The "Vault"): 51.000
This is where the Hull Moving Average (HMA) forms a police barricade! ๐ง It's a strong resistance zone, combined with potential overbought conditions. We expect a correction or trap here, so we escape with the profits! ๐ฐ
๐ A Note from the "Head Thief" ๐
Dear Ladies & Gentlemen (The Thief OGs),
I am NOT recommending you use only my SL and TP. This is YOUR heist. You can make money, then take money at your own risk. Manage your position size and risk accordingly! This is not financial advice; it's a strategic blueprint.
๐ Related Markets to Watch ($)
GOLD (XAU/USD): Gold and Silver often move in correlation (the precious metals duo). A strong gold price usually pulls silver higher. ๐ฏโโ๏ธ
DXY (U.S. Dollar Index): A weaker dollar typically boosts dollar-denominated commodities like Silver. Keep an eye on this for confirmation! ๐
USD/CAD: As a commodity currency pair, it can sometimes reflect broader trends in raw materials.
SILVER ๐ Intraday Setup โ XAGUSD (Silver vs US Dollar)
Current Live Market Price: 47.609
๐ข Intraday Conservative (Low Risk) Buy Entry: 45.481
Price is retracing toward the 61.8% Fibonacci support zone, aligning with a previous swing low structure.
RSI is showing bullish divergence on lower timeframes, suggesting a potential reversal from oversold conditions.
A bullish order block and nearby Fair Value Gap (FVG) provide confluence for a possible rebound setup.
๐ข Intraday Aggressive (High Risk) Buy Entry: 46.381
Price is consolidating near a demand zone, indicating early accumulation before a potential upward move.
Hidden bullish RSI divergence signals that buying pressure may be building in the background.
A nearby bullish order block and partially filled FVG support the case for an early long entry.
๐ด Intraday Conservative (Low Risk) Sell Entry: 49.294
Price is testing the 78.6% Fibonacci retracement level that aligns with a previous swing high resistance zone.
Bearish RSI divergence is forming, reflecting weakening bullish momentum.
A visible supply order block and bearish FVG enhance the confluence for a short setup from this area.
๐ด Intraday Aggressive (High Risk) Sell Entry: 47.609
Price has swept liquidity above recent intraday highs, showing potential exhaustion of the bullish leg.
A new bearish order block has developed near equilibrium within a minor supply zone.
Failure to sustain above this region may trigger short-term downside continuation.
Disclaimer: This analysis is for educational purposes only; always use proper risk management before entering any trade.
SILVER It is all over guys. 1929 style everything crash is coming.
SILVER Silver recently reacted from the 48.4โ49.0supply area, showing a clear shift in momentum as price moved below 47.63. This area has acted as resistance where selling pressure tends to appear. As long as price remains under that zone, the structure stays bearish leaning, while a recovery above it would signal a potential shift in sentiment.
SILVER is currently consolidating around the $48.10 zone, moving between key levels of $47.20 (support) and $49.40 (resistance)Key Levels to Watch:
Bullish Above: $49.40
Bearish Below: $47.20
tradingview.com/x/Ab486WVq
SILVER this week looks badSILVER Silver is reacting from a key supply zone between 48.4 and 49.0, an area where sellers have previously entered the market. This zone represents premium pricing, where smart money may look to distribute and capture liquidity above recent highs. As long as price stays below 49.1, the structure remains bearish, and a move toward the 47.2 demand area is likely. A clean break above 49.1 would invalidate this setup and suggest that supply has been absorbed.