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XAG

RLinda ! GOLD-> The price behavior adds optimism Gold's correction of $50 and almost 2.50% price seems to be over. The price is bouncing off the key support level of 1901 and continues to feel fairly confident Price is fumbling for a local uptrend support line, which buyers are likely feeling like a solid wall. At the same time, price is in a 1917-1934 consolidation, price has previously worked out the support perfectly and should in fact head towards resistance as a target. There is a chance before momentum to 1934, there could be a pullback to 1917 for a retest, or an extended consolidation above the support line I mentioned. Gold's confidence strengthens support for our optimism. I expect gold should find strong support in the near term to reach the 1937 consolidation resistance. Regards, R. Linda!
OANDA:XAUUSDLong
by RLinda
22
RLinda ! GOLD-> Breaking support, moving to consolidationGold makes all buyers nervous as the price breaks the prospect of a continued upward move. What's next? As we can see, the price breaks the support of the price channel and forms numerous retests, which can be considered as an attempt to fix the price under the line. There is a consolidation formation with the approximate boundaries of 1935-1917, which means that the price can trade within these boundaries for quite a long time. But at the same time there is a probability of a scenario for selling, provided the price breaks through the support of 1917, the price can go down to 1900. At the moment the price is in consolidation 1935-1917, the market passes into the phase of accumulation (phase of neutrality). It is acceptable to trade both selling and buying, but at the same time it is worth to observe the risks. Regards, R. Linda!
OANDA:XAUUSD
by RLinda
24
XAG/USD (Silver) Fundamental Analysis + Forecast 1/29I've been watching silver prices closely, and they've been hovering around $24 per ounce so far this year. On January 16th, the price briefly touched a nine-month high of $24.4, helped by a weaker dollar and expectations of easier monetary policy. There have been signs of lower inflation and recession concerns, which have fueled speculation that the Federal Reserve may stop raising its funds rate at 5%. Recent data shows that annual PCE core inflation has continued to slow, and personal spending has contracted for a second straight month. These developments have made non-interest-yielding bullion more appealing, and lower borrowing costs have also increased demand for silver as an industrial input for goods with high electricity conduction needs, as evidenced by the recent rise in solar energy equities. Additionally, supply concerns are supporting silver prices, as COMEX inventories remain under pressure and LBMA stockpiles have declined due to outflows to India. Our neural network-based forecasting model predicts that silver prices will continue to be close to the $24 per ounce mark this quarter, and we estimate that the price will be around $24.2 in 12 months.
TVC:SILVERLong
by TayFx
SILVER decision timePlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This is follow-up to the idea I posted 3 months ago when I called falling wedge breakout to the upside. XAGUSD is doing really well since and now is heading into strong resistance cluster created by zone 24.15-24.40 and by major downtrendline (red). Notice the price action which formed rising wedge pattern (lime) which is usually bearish, but it can also break to the upside - in the early stage of new uptrend. So decision time is coming ... breakout up or down? Just closed part of the long position just in case we turn down south. I will not be trading until break occurs and things settle a bit. There is another hurdle @ 26.20-26.95. Sitting on the sidelines is sometimes the best thing one can do! Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FX_IDC:XAGUSD
by bizmark
4
RLinda ! GOLD-> The price breaks resistance. The bulls are stronGold shows us a hint of a medium-term outlook. The price is tearing up, breaking through several key resistances and probably targeting 1978 in earnest. Key points marked on the chart: triangle, main upward channel. Price is tearing up relative to these figures, in the process of forming a new channel. The price is moving into the long zone relative to the 1935 level. I expect price to finally consolidate in the long zone (a retest of the 1935 level is possible as a false breakout) and we will see momentum after this phase. I expect the bulls will be able to hold the 1935 zone and continue to push the price higher. The short-term target is the resistance of 1952, the medium-term target is the liquidity zone of 1966. Regards to R. Linda!R
OANDA:XAUUSDLong
by RLinda
22
XAU/USD = SILVER SHORT | RR: 3 + RR: 9In today's post, we go into a potential SHORT in XAU/USD = SILVER, which will have to prove itself in the next few hours. To give you a brief overview of the symbols used in the chart, I have included a labeled version of the chart. DIRECTION RISK TO REWARD = 3.16 RISK TO REWARD = 8.82 CAUTION Before you enter the SHORT, pay attention to the smaller time frames, how they react to the drawn levels. > If there is no desired reaction on the smaller time frames, then you have to wait and see. > Additionally, watch the DXY and GOLD for how the two pairs behave. If the DXY continues to sell off as expected, the SHORT idea is unnecessary. > Feel free to share in the comments, about the implications of this week's dates. > Sharing your perspective allows each of us to improve. If this explanation has added value to you, I would be very happy to receive a rating. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
OANDA:XAGUSDShort
by ZielIstDieAutarkie
RLinda ! GOLD-> Three tops activates technically a pullbackGold forms a false breakdown of resistance 1928 (upper range boundary). The "three tops" pattern sends the price down, thereby forming a sell set-up The trend is still bullish and therefore sales should be treated very carefully. The Three Tops pattern is a strong pattern that could be the beginning of a corrective movement. The key zone to which the price can descend is the liquidity zone 1912. From this level the price may again start its strengthening along the trend. I expect at the moment the fall of the price to the area of 1912 and with a smaller chance to 1897, but in the medium term there is a chance for growth to 1940 and to 1952. Regards R. Linda!
OANDA:XAUUSD
by RLinda
32
RLinda ! GOLD-> Attempting to come out of consolidationGold is trying to get out of the accumulation. False breakdown of 1928 resistance, but the price does not fall, returns to the retest and at the moment the price is already consolidating above the resistance and above the channel boundary At the moment the bulls are actively fighting for the long zone in relation to the level of 1928, With the final fixation of the price above 1928 we will see a surge of energy and momentum towards 1950 I assume that at this moment two scenarios can happen 1) Fixing the price above the channel resistance and above the 1928 level. After that the price will start an active growth first to 1940, then to 1950 2) False break-down and price consolidation below 1928, in which case gold will continue its location to the borders of the consolidation range and downfall to 1912 is expected. Regards R.Linda!
OANDA:XAUUSD
by RLinda
26
RLinda ! GOLD-> Strong consolidation Gold is resting after a strong rally. The price moved into the consolidation phase, which is proved by the presence of the range boundaries and their confirmation. Nobody knows how long it will be, probably, the fundamental factor may influence price to come out of the consolidation in the nearest future The upper consolidation boundary is 1928, while the lower boundary is 1897. Also, the key level of 1912 passes through the range, which may play an important role for deal opening (high risk since it is difficult to trade inside the range). At the moment there are no preconditions for the price exit from the range. Expect set-ups Senior timeframes (D1, W1) show that growth will continue, but before the growth there may be a prolonged consolidation or rollback to the liquidity zone 1880. It is acceptable to buy from levels: 1897, 1912 and on breakdown of 1928. Sale only with minimum risk! Sincerely R. Linda!
OANDA:XAUUSD
by RLinda
26
RLinda ! GOLD-> The bulls took a break before further growth Gold after a strong rally is going into a consolidation phase. The upper boundary of the sideways range is resistance 1928 (the first price stop), the lower boundary is support 1912, confirmed on January 17. On the chart we do not see a set-up that would hint at a change in the global trend, it is still strong bullish and there are hints that it will still continue. Consolidation is formed at the upper border of the range and the key level for growth continuation is the resistance 1928, at breakdown of this zone, the whole liquidity volume can provoke a strong impulse in 1950. I assume that the gold for some time will be in the given range of 1928-1912, but in the midterm I expect growth. The first target is 1940, the second target is 1952 Regards R. Linda!
OANDA:XAUUSD
by RLinda
25
RLinda ! GOLD-> Bulls overcome the strongest resistance Gold forms a technical pullback to the 1912 zone, which is a fairly strong level formed in August 2020. What should we expect from the price? It is quite simple, we saw earlier that the price went out of the upside channel, which can be interpreted as a possible acceleration of the upside. The Gold is in the global range, and the global target in our case, is the upper boundary of the range at $2075-$2100. Now we are interested in the area of 1912, if the support retests, the price can make a false-break-down. I expect that the possible scenario in our case can be the retest of the support of 1912 and the subsequent consolidation of the price in the long zone, after which gold will begin to form a new upward impulse. The short-term objective is the local peak 1928, the medium-term objective is the resistance of 1940 and 1952. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
22
SILVER RESISTANCE BREAK-THROUGHSilver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend. Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line. If the trend continues we might see the price reaching levels of 24.77 and 24.87 In the opposite scenario, the price might return and test levels of 24.45 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
1
RLinda ! GOLD-> Price approaches a strong level with W1Gold is strengthening. Strong momentum is forming after the exit from the consolidation, which was formed before the release of the inflation data. The DXY index is declining. Price is breaking through the resistance of the strong price channel. Right now price is trading above the previously broken channel boundary and a very strong resistance level of 1912.785. which has been formed since August 2020. At the moment we have a strong distributive movement, this movement can only be stopped by a strong marginal resistance zone, presumably which price approaches - 1912. In the long term, I expect a test of 1912 resistance or a false break of the upward channel resistance, after which price could form a technical pullback to the support zone. Regards, R. Linda!
OANDA:XAUUSDShort
by RLinda
26