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XAG

The Silver BulletSilver - Intraday - We look to Buy at 20.09 (stop at 19.92) Preferred trade is to sell into rallies. There is scope for mild selling at the open but losses should be limited. Daily signals are mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 20.10, resulting in improved risk/reward. Our profit targets will be 20.58 and 21.20 Resistance: 20.83 / 21.50 / 26.00 Support: 20.40 / 20.10 / 18.93 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDLong
by OANDA
1
Jamie Gun2Head Trade - Buying Silver Trade Idea: Buying Silver Reasoning: Bullish price action on the intraday, corrective move lower, looking for gains to be extended today Entry Level: 20.40 Take Profit Level: 20.89 Stop Loss: 20.24 Risk/Reward: 3.06:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAGUSDLong
by Signal_Centre
XAUXAU has done brilliantly since the last post with a rise of around $50, price now forms an inside bar on the 4H, an inside bar is often found in impulsive moves what it represents is a lower time frame consolidation so when we see as a green hammer/pin it can signify a good chance of imbalance continuing so because of this we have to look for previous levels of balance in the market, where will price stall? I have labelled a few targets I believe we can hit, I could have added another setup with a slighty higher TP, but I think it is best to start closing out the long positions a bit quicker, so keep an on the 4H chart and LTF and when you see obvious signs of the market deteriorating then we have to act accordingly. Longer term I believe the continued rate hikes will continue to close the gains XAU saw in the super inflation, I still believe DXY Index will climb considerably higher in the long term, so we can keep an eye for shorts if we enter a distribution phase.
OANDA:XAUUSDLong
by ZenFlo
1
Extended attempts higher are expected to fail on SilverSilver - Intraday - We look to Sell at 18.93 (stop at 19.13) There is scope for mild selling at the open but losses should be limited. Trading within a Bearish Channel formation. We look to sell rallies. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 18.19 and 18.00 Resistance: 19.03 / 19.40 / 20.21 Support: 18.42 / 18.31 / 18.14 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDShort
by OANDA
Big Moment For SilverHi, this is my new update for Silver. Silver has lost 32% of its value since March 2022 and I expect we have reached the bottom. If we look at the purple rectangles we see that the area between $18 - 19.50 always acted like support and resistance level in different periods. In July 2020 we broke the multi year resistance level (2014-2020) and we never backtested. I think now we have finally backtested it like a support level and at the same time we have reached a 61.8% FIB retracement level. We also have an oversold RSI level and I expect we are going to make a double bottom in the RSI like I drew and that will give us a bullish momentum. In the short term I expect we are going from $18 - 20.50 to backtest the 200 weeks moving average and I will update you guys in the near future.
TVC:SILVERLong
by GOAT1375
2
Silver under pressure and further downside is expectedSilver - Intraday - We look to Sell at 18.85 (stop at 19.09) The medium term bias remains bearish. Previous support level of 18.74 broken. A weaker opening is expected to challenge bullish resolve. Bespoke resistance is located at 18.85. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 18.85, resulting in improved risk/reward. Our profit targets will be 18.14 and 17.90 Resistance: 18.74 / 18.85 / 19.41 Support: 18.14 / 18.00 / 17.90 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDShort
by OANDA
1
$XAG - Keep an eye!$XAG - Keep an eye! Precious metals have had an ugly time within the market, when it comes to rate hikes decisions stronger dxy leading commodities to weaken further, but now we are at key areas when it comes to HT and that's interesting. As I always state HT = ST movement. Regarding support areas of $XAG if $18 doesn't hold we head further lower to $17 and that can easily be achieved but this area of support we've tested for yrs and that's why it really matters and sure we could look at metals miner we could even look further to get the best R/R for XAUXAG to seek out further validation. I'm personally on side line for now. There has been various headlines regarding, lot of buyers when it comes to physical precious metal buying for 'inflation' hedge... Have a great weekend TJ
OANDA:XAGUSD
by Trade_Journal
Silver approaching Target 2 at .618 FIBSince losing market structure support in the $21.50- $22.35 area, Silver has been sliding downward to the 0.5 FIB level. After a few tests of this level (approx $20.80) price action declined down to the .618 FIB Level and with in roughly 0.30 of my 2nd target. Price action has began to form a channel now with multiple lower touch points. As long as the dollar continues to strengthen (against other currencies) it's likely we can expect assets such as Silver, Gold and Bitcoin to slide downward. Target 3 if needed would be the next lower FIB level. With the indicators pretty close to cooling off on the lower time frames and the .618 holding we could look for a bounce back up to the .5 Level. I personally do not trade paper metals. I purchase physical metals as my hedge again USD and Crypto. So the short term price does not personally concern me and I am not looking to play a bounce. I am simply looking for the best entry prices to stack more Silver. If you are looking for a swing trade consider looking to the FIB levels or ranging inside of the channel for your bounce. If you love Silver Stacking or Gold leave a comment below! :)
TVC:SILVER
by jlouvierobv
4