Silver Bump and Reversal?The "parabolic" Trend was broken yesterday. The longer term trend could coincide with 50% Fib retracement from the latest up move.by tsurutasani113
XAGUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 8
SILVER Swing Long! Buy! Hello,Traders! SILVER is going down To retest the strong Horizontal key level of 30.00$ Again and we are locally Bullish biased so we Will be expecting A bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
XAGUSD SELL Could this be a possible selling zone for Silver? The RSI is showing that the market has reached maximum buying area. The 4HR is also showing a reversal chart pattern at the current zone, we could possibly see selling pressure coming in. Let's see how this will play out Shortby WiLLProsperForexUpdated 151520
Silver International : Entering Buy Zone . Silver 60 Min chart is in Downtrend at 80 Degree slope (Sign of Reversal at Support zone) Entering Buy Zone . Waiting for Price Pattern to Change HH-HL and candlestick Green. Longby Rohit_PSV3
SILVER Will Fall! Short! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 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!Shortby SignalProviderUpdated 113
xagusd analysis Simple price action analysis OANDA:XAGUSD kindly try to find trade accordingly by Mohitsoni080
Does silver correct? Hello my dears We are at your service with silver analysis. In the drawn diagram, we considered 3 goals that there is a possibility of seeing these goals in the future. There are 9 black dotted lines that are placed as resistance in the way of candles. We want to check the reaction of silver price when reaching these diagonal resistance levels. If you like my analysis, support me with likes and comments. thank youShortby hamidreza_FX115
XAGUSD/SILVER SHORT/SELLHello * Ending diagonal in play * 5 waves complete * 15 min Order block 30.997 price level * MACD DIVERGENCE Entry: 32.250 Stop loss: 33.000 Take Profit: 30.900by PIPPINTRADERUpdated 2218
XAGUSD continues to give excellent set-ups to trade.Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after a Higher High, it pulls back to the 0.618 Fibonacci retracement level and then rallies to the -0.5 Fib. As a result, we will wait until the price approached the 1D MA50 (blue trend-line) again as it did on May 02 and then buy, targeting 35.000 (just below the -0.5 Fib and at the Top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot13
Strifor || SILVER-28/05/2024Preferred direction: SELL Comment: Not long ago, we considered silver for short-term buy-deal and this trade has already been closed today, or at least transferred to breakeven, and most of the profit has been fixed. In the shorter term, the metals are likely to expect a pullback, a downward correction. Against this background, we will consider two scenarios, which can be seen on the chart. It should be noted that both scenarios are rather considered by us equally, although scenario №1 is designated as a priority. The target for the fall is considered to be at support 29.77800. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 117
✅SILVER TIME TO SELL|SHORT🔥 ✅SILVER will soon retest a key resistance level around 32.50$ So I think that the price will make a pullback And go down to retest the demand level below at 31.60$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx115
Ascending Triangle on Silver/USDI'm not the first one seeing this, but in a few days we'll know: a. another buy opportunity under $31.00 b. $31/oz floor is setLongby antoniochipfernandez114
SLV - CALLS!Silver has surged 33% this year, driven by its critical role in modern technologies and as a hedge against currency devaluation. Alan Hibbard, a noted analyst, recently discussed the factors behind silver's rise on Schwab TV, highlighting robust demand from both retail and institutional investors. Analysts expects silver to outperform gold in the short term, potentially reaching $50 an ounce. Central banks, particularly China, have been increasing their gold reserves, while copper has also reached record highs due to demand in green technologies. These dynamics underline silver's growing appeal in a turbulent economic landscape. Personally bought $35 Strike 9/20 exp. Buying if we go back and retest res as sup. Multi 100% gainer!Longby Smart_Money_CpyderUpdated 4
Silver uptrend intact & looking good!After overcoming resistance at $34/$34, the next stop is $50 where a substantial correction should take place. Longby RaSantana1
Primary count remains this one...last one was bearish alternateI still remain boolish... but want to make sure we are all aware of bearish alternate counts....this is my primaryt count for silver.Longby ConservativeOne11
Fake out of all FAKE OUTS???This could be the mother of all fake outs!...hard to say right now, but I am quite leery of more upside until we get a decent retrace...my sentiment...DEFENSIVE!Shortby ConservativeOne15
Intraday Opportunity in SilverThis is a very short-term idea for a long trade in silver: double bottom in the OBV in an overriding uptrend. The “ Bald Candle” at the previous high is a good price target.Longby Ochlokrat0
Silver lower high, $30 still keyIntraday Update: Although silver rallied sharply from the $30 level last week as expected, the move back to the 161% Fibonacci extension may carve out a slightly lower high, which may allow for a re-test of $30 in the days ahead. by ForexAnalytixPipczar0
XAGUSDPair : XAGUSD ( Silver / U.S Dollar ) Description : Double Top as an Corrective Pattern in Short Time Frame Resistance Level Break of Structure RSI - Divergence Completed " 12345 " Impulsive Wavesby ForexDetective4
XAGUSD upside target 34.0XAGUSD is currently maintaining a good upward trend, and bulls are performing strongly. At present, we can pay attention to the potential upward AB=CD pattern, with a target position of 34.0.Longby XTrendSpeed4
Silver Prices Poised for Bullish Rise as Key Indicators AlignHello there, Technical Outlook: Silver prices have been hovering above the 29.982 mark, and need a close watch over the RSI for signs of a potential bullish trend. If the silver price manages to pull above the RSI moving average and surpass the 50 level, it could signal a proper bullish rise soon. The current market conditions have also challenged the Elliott Wave theory's fourth wave, which suggests that the price may be consolidating before a potential upward move. The 72-day exponential moving average (72 DEMA) is another key indicator that suggests an overall bearish market, so it's a high-risk setup. Fundamental Summary: Silver prices are up 1.5% to $30.58 per ounce. The outlook for silver is uncertain due to the Federal Reserve's plans to raise interest rates. The US economy is looking strong, which could affect silver prices. Investors are watching the US dollar and a key economic indicator called durable goods orders. The overall outlook is uncertain, but silver prices are currently up 20% since the start of the year Happy Trading, K.Longby KhiweUpdated 1
XAGUSD SELL Could this be a possible selling zone for Silver? The RSI is showing that the market has reached maximum buying area. The 4HR is also showing a reversal chart pattern at the current zone, we could possibly see selling pressure coming in. Let's see how this will play out Shortby WiLLProsperForex1