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XAG USD ( Silver / US Dollar)

XAUUSD - 1H Bullish momentumThe XAUUSD (Gold) chart analysis shows that Gold couldn’t consolidate below the $2300 mark after multiple attempts. Now, it’s consolidating above the $2320 zone, indicating strong support. Given this consolidation over the support zone, there’s potential for Gold to rise and break through the resistance zones. If the bullish momentum continues, we could see Gold targeting higher resistance levels, suggesting a favorable environment for buyers in the short term. Keep an eye on the resistance zones for potential breakouts.
OANDA:XAUUSDLong
by Sober_Trading
1
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
Silver (XAG/USD) H1 Channel BreakoutThe XAG/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry : Consider entering a Long position around the current price of 29.45, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 30.35 2nd Support – 30.83 Stop-Loss: To manage risk, place a stop-loss order below 28.50. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAGUSDLong
by KABHI_FOREX_TRADING
13
What does gold-silver ratio tell us about precious metals?The gold-silver ratio has reached a key area of resistance between 80.30 to 80. 55 area and has reacted. This comes on the back of a major breakdown below a multi-year bullish trend line back in early May. So far, the ratio has held resistance here, which suggests that silver might be able to outperform gold again. However, it could also mean that both precious metals may be in a correction phase, with gold falling faster than silver But given the bullish price action we have seen so far this year, I'm leaning more towards the bullish argument for precious metals than bearish. For that reason, the breakdown in the gold-silver ratio makes me remain bullish on silver. Meanwhile, the grey metal itself has been testing a major area of support around $28.00 to $29.00 in the last few weeks. So far there have not been any major bullish breakthrough with the metal holding inside what appears to be a bull flag pattern or bearish channel. By Fawad Razaqzada, market analyst at FOREX.com
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by FOREXcom
SILVER My Opinion! SELL! My dear followers, This is my opinion on the SILVER next move: The asset is approaching an important pivot point 29.409 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 29.022 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
Potential bullish rise?XAG/USD has bounced opff the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise to our take profit. Entry: 29.09 Why we like it: There is an overlap support which aligns with the 50% Fibonacci retracement. Stop loss: 28.63 Why we like it: There is an overlap support level. Take profit: 29.90 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:XAGUSDLong
by VantageMarkets
GOLD - Higher Timeframe Overview... BIG Moves Coming!Elliott Wave Theory adheres to the following schematic regarding impulsive moves: Wave 1 - is made up of 5 subwaves (impulse or leading diagonal) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave made up of 3 waves (correction) Wave 5 - Can be either an impulse or a correction - But its made up of 5 waves Monthly Using the above schematic, we can see that on the monthly timeframe we appear to be in wave 3 = made out of 5 subwaves. We are currently in subwave 5, which also follows the impulsive schematic (has 5 waves). See below for monthly chart and the cheat sheet where we've identified where we are in the monthly EW schematic: Weekly On the weekly chart, we are in wave 3, subwave 4 correction. We're watching for the completion of wave 4 within the fib zone, where we'll be looking to buy. We're still a few weeks away from the buy zone so we will be looking for lower timeframe short setups to take Gold down into our buy zone where we'll be looking to load up for the next big swing! See our last higher timeframe analysis below. Played out beautifully! The last time we identified a big swing on a higher timeframe, we absolutely killed it on lower timeframe and caught almost every single wave! See below: What do you guys think? Goodluck and as always, trade safe!
OANDA:XAUUSD
by WicktatorFX
6
SILVER Under Pressure! SELL! My dear friends, SILVER looks like it will make a good move, and here are the details: The market is trading on 29.143 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 28.955 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
XAGUSD / Silver - Ideahey Guys, Yearly Chart: Corrective mode since 2011 (Bearish Pressure) 2023 ->inside Bar closed above middle line -> Bullish Conclusion = neutral - Happy to take both sides of the trade since we are seeing a balanced market since 2011. Most important lines for a Breakout: 32.3 For Bears: 28.3 Until a clear break of 32.3 (on a closing base) I am still neutral - bearish on the yearly chart. Below 28.3 I am very Bearish. Targets are mentioned above as well as below. Quarterly: breakout above the inverted H&S Neckline with reaching all targets in one candle. - closed below 30.00 --> important High. Monthly: Inside Bar at crucial line of 30.00 but still in a rising channel. Stochastic is turning down. Expected Sideways Formation for a while. 3D: Oversold area - likely to see a bounce from here to test the 32.3 area again. I will be happy to take a Signal from there since we are Consolidating at the Higher TFs as well and I would like to sell from that area again. Thanks for reading…
FX_IDC:XAGUSD
by MeruEU
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 H4 | Potential bullish bounce of 61.8% Fibonacci supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 28.71 which is a pullback support that aligns close to a 61.8% Fibonacci retracement level. Stop loss is at 27.65 which is a level that sits under a pullback support. Take profit is at 29.71 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. 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. 68% 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. 73% 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.
FX:XAGUSDLong
by FXCM
SILVER - Playing Out Perfectly!In our last analysis we identified the picture perfect higher timeframe impulse schematic. We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear. We now have the wave 4 correction and we are halfway through it. On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below: We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below: Trade Idea: Blue Move (LONG) For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs. Trade Idea: Red Move (SHORT) We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity. Goodluck and as always, trade safe!
OANDA:XAGUSD
by WicktatorFX
2
XAU-USD The chart for Silver/US Dollar (XAG/USD) on a daily timeframe shows a bullish "Double Bottom" pattern around the 28.60 USD level, indicating potential reversal of the recent downtrend. This pattern suggests strong support, as the price has bounced off this level twice. The current price is approximately 29.038 USD. A significant resistance level is identified around 32.00 USD, where the price has previously faced selling pressure. If the price breaks above this resistance, it could signal further upward momentum. The chart projects an upward movement towards this resistance, represented by a yellow arrow, suggesting that the price might initially face resistance but is expected to rise. Historical support around 26.00 USD is also highlighted, providing context for potential price movements. The yellow and red highlighted areas mark these critical support and resistance zones. In summary, the chart indicates a bullish outlook for XAG/USD, supported by the double bottom pattern and strong support at 28.60 USD. The key resistance level to watch is 32.00 USD. Traders should monitor the support at 28.60 USD to confirm the double bottom pattern and potential upward trajectory.
ICMARKETS:XAGUSDLong
by Dhareja
Bullish breakout?The silver (XAG/USD) is currently breaking out of the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 28.96 1st Support: 28.65 1st Resistance: 29.40 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDLong
by ICmarkets
The Silver Trap: Don't Fall for the Bullish BreakoutI'm about to say the obvious: Silver doesn't want to rally. It teases the bulls, reaching levels where they can finally breathe a sigh of relief, only to slide back down. Let me illustrate this on the chart. Imagine you're looking at the chart on June 06, and there's nothing to the right (just cover it up with your hand or a piece of paper). You see a big "bullish" candle, breaking through local resistance – it's a classic setup. Tempting, right? Did you take the bait? I did, hundreds of times. But after 2 years of studying algorithmic trading and testing this pattern, I realized it doesn't work as advertised. Hundreds of hours of testing didn't yield long-term positive results. However, trading against this "breakout" pattern showed promise. Here's the point of this post: subscribers know we never rely on a single factor or sentiment. We use multiple data sources to gain an edge. But there's a secret method that works almost as well: looking at the chart through the eyes of "smart money" – big players who know how to use retail traders' patterns against them. They see opportunities and liquidity, and they're not afraid to use it. Hundreds of hours of testing confirm this. So, be cautious of that bullish breakout – it might just be a trap.
OANDA:XAGUSDShort
by ClashChartsTeam
Extended flat pattern in the fourth waveGreetings, Dear friends, I hope you are well and have had a week filled with successful and profitable transactions. Regarding the silver market, I believe it behaves similarly to the gold market. Currently, I see it in the third wave, which is the fourth wave in an extended flat pattern. However, this analysis is subject to change. In both cases, we need to observe the price action using an impulse pattern and look for the formation of a corrective pattern to determine potential price targets. Keep in mind that the corrective pattern can take various forms. Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me. Thank you for taking the time to review my analysis, and thank you all. To all my dear friends and colleagues, first of all, I wish you health and success in your goals. Mehdi Abbasi with the nickname (Mr. Nobody)
COMEX:SI1!Long
by mehdi47abbasi79