rising wedge pattern bitcoin and gold were flying and now silver also flying price is overbought and it has made rising wedge chart patten Shortby Sangam-Agarwal1
XAGUSD LOOOOOONG Now that the silver is above this area of interest at 23.400, the asset is very bullish as it´s forming higher highs and higher lows. i expect the price to reach 25.450 as a the structure remains very bullish. for now, i´m staying breakeven since i didn´t enter the trade at the area of interest and, it could return to this area to continue a bullish rally with even more strength. Longby EduardoJEUpdated 1
XAGUSD completed its upward correction.. From my #Elliotwave perspective, XAGUSD has just finished and completed it's wave (5) of c of B correction (please see the chart). So it's no reason at all to move up further. Downside is the only way to go.. I am very #bearish on this!! Cheers!Shortby steveivan0
SILVER (XAGUSD): Important Breakout 🪙 Silver broke and closed above a key daily horizontal structure resistance. The broken structure turned into a key support now. I will expect a growth to 25.46 level. For entry, consider a retest of a broken structure. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader2214
Beyond the Horizon: Finally unleashing the Silver Revolution!Silver OANDA:XAGUSD Let's take a closer look at Silver , a precious metal known for its notable volatility compared to Gold. Initiating our count post the COVID fall, a swift Wave (1) movement unfolded, followed by an extensive Wave (2) correction featuring a Flat pattern and subsequently a Zigzag for Wave (2). The completion of Wave (2) occurred around $17.55, with the high of Wave (1) standing at $29.86. Subsequently, a somewhat peculiar Wave 1 emerged, set to conclude soon with a Wave 2. Zooming in from the daily to the 2-hour chart, after our minor Wave 1, we encounter a complex correction structure. This is anticipated to be an overarching Flat correction with Waves ((a)), ((b)), and ((c)). Notably, during Wave B, nearing $25.9, we approached nearly 100% of the Wave 1 level. Now, we are poised to observe the downward correction for the completion of Wave 2. As Wave ((a)) is formed by a Triangle, ((b)) is nearly exact the 100% level of wave 1, it's plausible that Wave ((c)) could similarly reach around 100% of level ((a)). Hence, projecting a retracement between 61.8% and 78.6%, we expect support between $20.75 and $19. This is the range where a potential rebound is anticipated. Longby freeguy_by_wmcUpdated 116
Ending to Flat pattern on XAGUSDHi guys, In XAGUSD we are watching a diagonal pattern, We like to break it down and buy it on 19.5-21.5 for along term, with 35 and 75 target but it may to started long bullish wave so we are waiting to break up and down trend line. by takeprofitwithus0
SILVER Will Move Higher! Buy! Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 24.239. Considering the today's price action, probabilities will be high to see a movement to 25.550. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
SILVERStill forming a huge consolidation in a bigger scale. Expect to reach the 32.00 areas/ support. Longby Thando1110
XAG/USD Long term outlookWhile Gold has created a new ATH again, silver is lagging behind more than usual. Short term correction is to be expected but overall I believe silver will attempt to break the 2021 highs. There's still a long way to go so we just have to let the price decide what it wants to do but right now I imagine at least 1-2 massive impulse moves to the upside and then a longer period of consolidation, potentially trapping all the early sellers followed by an even bigger impulse move breaking the previous highs. Then I would expect at least a $5 drop in a very short period.Longby FXDSniper0
Strifor || SILVER-13/03/2024Preferred direction: BUY Comment: Despite the temporary strengthening of the American currency against the backdrop of the US CPI , metals , like nothing else, retain a strong buy-priority. The current setup will only allow you to throw off “extra passengers” and recruit new sellers as a “resource” for new growth. Pressing the price towards the resistance at the level of 24.40 will most likely realize growth towards the level of 25 , at least. Silver currently has the strongest long setup, but other metals are also expected to rise. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!Longby Viktor_strifor_analystUpdated 114
Silver D1 | Heading into resistanceSilver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 25.413 which is a swing-high resistance. Stop loss is at 26.400 which is a level that sits above the 161.8% Fibonacci extension level and a multi-swing-high resistance. Take profit is at 24.119 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short03:41by FXCM2
My Daily View on Silver Hello, We identified a buy Opportunity with high probability on CFDs Silver in the Daily chart for a target of $26 within a few Days. IbrouriLongby Abdessamadibrouri0
Silver sell zoneSilver is going toward an important order block 4H time frame I sell it will be a good swing trade to go shortsShortby Hassanberjawi1
XAUUSD - XAGUSD -Copper - MetalsMetals, gold, silver and copper, shone today in the form of a rally gold After the last US 30-year auction, it added $2 to a $20 gain to reach $2,177 on the day. This figure is about $16 less than last week's record high. Copper and silver Looking to join the gold market. Copper today rose 3.1% to above $4 for the first time in seven months. Chinese smelters are scrambling to find copper concentrate, with stocks rebounding from a decade-low. There is something like an inverse head and shoulders pattern on the copper chart targeting $4.25/$4.30. Meanwhile, gold rose 0.9 percent as it hit an eight-day high after holding steady. Yesterday's massive sell-off after the CPI was met with buyers on speculation that China's central bank is buying heavily and that Russia and other BRICS countries may have moved away from US dollar reserves. Finally, silver is up 3.2% today at year-best levels, although bulls may want to fall below $26 to confirm further gains in the precious metal. Stay with us for the rest of the video03:29by Masih_Rezvani0
XAGUSD BUY SETUPWe have identified another potential opportunity for XAGUSD to buy, as it has entered our designated buy zone. Our analysis suggests a forthcoming bullish trajectory from our current position. To mitigate risks inherent in trading, we have prudently marked out Take Profit (TP) and Stop Loss (SL) levels. Adherence to rigorous risk management protocols remains paramount. For a retrospective examination of our track record, we encourage you to peruse our historical data, showcasing a pattern of high-accuracy insights. Should you be in pursuit of meticulously curated setups with a proven record of efficacy, we extend an invitation to connect with us. Message us at your earliest convenience to explore further opportunities.Longby PotentFXUpdated 6
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 23.123 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
Silver SetUp 12-03-2024Silver SetUp 12-03-2024 Fibonacci Confluence. Here's a simplified example of how the Fibonacci Confluence Trading Strategy might be applied: 1. Identify a significant swing high and swing low in the price action of a financial instrument. 2. Draw Fibonacci retracement levels from the swing high to the swing low or vice versa. 3. Look for confluence points where Fibonacci levels align with other technical indicators. For instance, a 61.8% Fibonacci retracement level might coincide with a key horizontal support/resistance level or a trendline drawn from previous price action. 4. Confirm the confluence with additional technical analysis tools, such as momentum indicators or candlestick patterns. 5. Once a confluence point is identified, consider taking a trade in the direction indicated by the confluence, with appropriate risk management strategies in place.Shortby miguelurbin0
Silver aims 25+ after correctionAfter good pumping Silver started correction period. I think correction not finished yet, but after correct i expect new highs at 25Longby traderstube2
SILVER: Bearish Continuation is Highly Probable! Here is Why: Looking at the chart of SILVER right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️Shortby UnitedSignals112
XAGUSDPair : XAGUSD ( Silver / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement Break of Structure RSI - Divergence Completed " 123 " Impulsive Wavesby ForexDetective3
11.03.2024 XAG... Do you know the Dragon Pattern ?Important SNR is 23.5. Already do retest (FTR) and New Demand (RBR) Stills go up with strong buy momentum. Maybe will be like that picture pattern " The Dragon " !!!Longby Soumasato2