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SILVER ( CONTINUES TO FALLING )XAGUSD HELLO TRADERS AT 15.30 have a important news , huge affect a movement price Tendency the price is a bearish pressure in 28.68 TURNING LEVEL : the price turning level at 28.68 , price stable below this level by open 4h candle it becomes reach a support level , but until trade above this level reach to resistance level RESISTANCE LEVEL: if the price breaking turning level at 28.68 , the price will rise to 29.68 and 30.28 , then stable this level reach to 30.82 SUPPORT LEVEL : the price trade below turning level 28.68 , it will reach the support level of 28.21 and 27.45 , stable this level reach to 26.50 ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
OANDA:XAGUSD
by ArinaKarayi
2
Gold Glimmering with Hope: Job Data Fuels Short-Term Price RiseGold prices in overseas markets experienced a welcome climb on Friday, snapping a three-day losing streak. Spot gold at the Comex exchange, a key benchmark, rose by $17 to $2,322 per ounce. This upward movement can be attributed to two key factors: recent US jobless data and ongoing uncertainty surrounding the Federal Reserve's monetary policy. The release of US unemployment data on Thursday played a pivotal role in boosting gold's appeal. The data hinted at a potential softening in the previously red-hot US labor market. This has sparked speculation among some analysts that the Federal Reserve may consider slowing down its aggressive interest rate hike plans in the near future. The Fed has been raising interest rates to combat persistent inflation. However, these rate hikes tend to strengthen the US dollar, making gold – a non-interest-bearing asset – less attractive to investors. So, any indication of a pause or slowdown in the rate hike cycle can be seen as positive news for gold prices. This sentiment was further bolstered by the performance of silver, another precious metal often viewed as a proxy for gold. Silver prices also rose, climbing to $29.20 per ounce from the previous day's closing of $28.94. Looking at the bigger picture, the overall outlook for gold prices in the short term remains somewhat bearish. The Fed's hawkish pronouncements, persistent inflation concerns, and a potentially strengthening US dollar continue to pose headwinds for the precious metal. Here's a breakdown of the key factors influencing gold prices: • Weakening US Labor Market: The recent US jobless data suggesting a potential slowdown in the labor market has fueled speculation of a pause in interest rate hikes by the Fed, which could benefit gold prices. • Federal Reserve Policy: The Fed's aggressive tightening of monetary policy through interest rate hikes is a major challenge for gold. Higher rates strengthen the dollar and make gold less attractive as an investment. • Inflation: Inflationary pressures remain a concern, and the upcoming PCE data release could significantly impact gold prices. A higher-than-expected inflation reading could reinforce the need for continued rate hikes, putting downward pressure on gold. • US Dollar Strength: A strong US dollar makes gold more expensive for foreign investors, further limiting demand. While the short-term outlook may be uncertain, gold's long-term value proposition as a safe-haven asset remains intact. Investors seeking a hedge against inflation and economic uncertainty may continue to view gold as a valuable addition to their portfolios. In conclusion, gold prices experienced a temporary reprieve on Friday, driven by hopes of a shift in the Fed's monetary policy. However, the release of key inflation data later in the day and the broader economic landscape continue to cast a shadow on the short-term prospects for gold. Investors should carefully consider all these factors before making any investment decisions.
OANDA:XAUUSDLong
by bryandowningqln
SILVER Massive Run Coming (Timeframe 1-7 years) I think TVC:SILVER might be preparing for a Massive Breakout from a 45 YEAR consolidation period. This will happen gradually over the next few years. I think current prices are great for getting in to this. I have been buying up silver weekly for the last 2 months on Revolut as an auto-purchase, and will continue to do so. GOLD has had its breakout already. Silver will follow. Here's the macro to my theory: Industrial Demand Boom: With the rapid expansion of green technologies, especially solar panels and electric vehicles, the demand for silver over the next years is set to skyrocket. Silver’s unique properties make it indispensable in these growing industries. Economic Uncertainty: Amidst global economic volatility and geopolitical tensions, silver remains a reliable safe-haven asset. As investors seek refuge from market turbulence, silver will shine as a go-to investment. Inflation Hedge: With inflationary pressures mounting globally, silver offers an excellent hedge. Its intrinsic value and historical performance during inflationary periods make it a must-have in any portfolio. Supply Constraints: Mining and production challenges are limiting silver supply, creating a perfect supply-demand imbalance. This constraint will drive prices higher as demand outpaces supply. Technological Advances: Innovations in medical technology and electronics continue to find new uses for silver, further increasing its demand. 📈 Technical Analysis: Chart patterns are indicating a very bullish trend. Text book 45 year cup and handle formation, Ascending Triangle with strong support levels and upward momentum. Silver is breaking out of long-term resistance zones, setting the stage for an explosive upward move. 💡 Investor Sentiment: Sentiment is turning overwhelmingly positive. Market analysts and experts are predicting a significant price surge, with some forecasting silver reaching unprecedented highs. ($100-200)
TVC:SILVERLong
by yinandyani
Silver - One of two (bullish) scenariosOANDA:XAGUSD recently broke a lot of strong, previous resistance towards the upside. Silver, metals in general, are experiencing increasing demand in 2024. Therefore, prices of Gold and especially Silver have been increasing for the past couple of months. Silver broke two major previous resistance levels towards the upside and these two levels are now obviously acting as support. If Silver manages to retest these areas, a bullish reversal will occour quite likely. Levels to watch: $25, $27.5 Keep your long term vision, Philip - BasicTrading
OANDA:XAGUSDLong
by basictradingtv
XAGUSD. Weekly trading levels 10.06.2024 - 14.06.2024During 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!
FOREXCOM:XAGUSD
by Forex_Hoby
SILVER / XAGUSD Bearish Direction Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist Silver XAGUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:SILVERShort
by Thief_Trader
Could the Silver Price Hit $100 per Ounce?The silver market has long attracted investors due to its potential for significant returns. Recently, Keith Neumeyer, CEO of First Majestic Silver, has been vocal about his belief that silver could reach $100 per ounce or even higher. This article explores the factors that could drive such a dramatic increase and examines the realism of this prediction. Historical Context and Recent Performance Silver has experienced notable gains since 2020, hitting a nearly 12-year high of $32.33 per ounce in May 2024. Neumeyer's prediction of silver reaching $100 per ounce has been discussed in various interviews, including those with Palisade Radio, Wall Street Silver(, and Kitco. Factors Supporting Neumeyer’s Prediction 1. Market Cycles and Historical Trends : Neumeyer draws parallels between the current market and the early 2000s, suggesting a similar rebound in commodity prices. 2. Supply-Demand Imbalance : There is a significant deficit in the silver market due to increasing industrial demand from technologies such as electric vehicles and renewable energy sources. 3. Industrial Demand : Silver's applications in renewable energy and electronics are growing, with reports from (metalsfocus.com) highlighting a substantial expected deficit in 2024. 4. Potential Catalysts : Major investments, like those from high-profile investors such as Elon Musk, could drive silver prices up dramatically. Challenges and Consideratio ns 1. Geopolitical and Economic Stability : Factors like the US dollar's strength, Federal Reserve policies, and global tensions will impact silver prices. 2. Market Manipulation : Concerns about manipulation in the silver market could suppress potential price increases. 3. Historical Price Movements : Historical peaks just under $50 per ounce indicate that a significant shift in investor behavior is needed to reach $100. Expert Opinions and Outlook Opinions vary among industry experts. While Peter Krauth of Silver Stock Investor shares Neumeyer’s optimism, suggesting silver could eventually reach $300, others like David Morgan and Gareth Soloway see more conservative targets around $50 per ounce in the near term. Conclusion While $100 per ounce for silver is possible, it requires a mix of favorable conditions, including a substantial supply deficit and rising industrial demand. Neumeyer presents compelling arguments for a bullish outlook, but investors should consider a broad range of data and expert insights before making investment decisions.
FX_IDC:XAGUSDLong
by signalmastermind
Silver and Gold | Short-term and long-term targetsOANDA:XAGUSD OANDA:XAUUSD The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look at the seasonality of Gold and Silver you will notice that June is usually the month for Gold to rest a bit and for Silver to show some correction. So, In the short term, I would like to see lower prices on silver and gold and personally, I might add some more to my positions. The following are the areas for Silver and Gold which I consider as discount prices if as a long-term investor. Silver: $27.5 - $28 is a good discount area for silver. But it doesn't mean it would definitely reach this area. I expect another rally from July with a target of $33.6 to $36.4 area. Gold: $2190 - $2230 is the area that I believe gold will see in the near future. Then we might see another leg up on gold to hit the $2580 - $2650 area.
OANDA:XAUUSDShort
by SamanFx0
Silver Idea - $100/oz by the middle of 2026It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market. In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year long red support line. Assuming the arc indicates an approximate timeframe, based on the pattern I'm seeing in the gold/silver ratio, by the middle of 2026 silver should be circa $100/oz. This would only require $3000/oz gold and a gold/silver ratio of 30.
TVC:SILVERLong
by WinstonWolfe