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Xagusdanalysis

XAGUSD DEMAND ZONE READ DESCRIPTIONSilver (XAGUSD) is currently positioned within a critical support and demand zone, ranging from 24.5 to 24.7. This zone represents a significant area where buyers are anticipated to be active, potentially leading to a reversal in price action. Considering the trading sentiments from the last week, which recorded 6 sell signals, 10 neutral signals, and 28 buy signals, there seems to be a notable bias towards buying. The data from the last week's trading sentiments suggest that while there were some sell signals, they were outnumbered by buy signals, indicating a prevailing bullish sentiment in the market. The larger number of buy signals indicates a significant interest among traders to enter long positions, particularly at the current support and demand zone. It's important to understand the implications of these trading sentiments within the context of market psychology. When a significant number of traders express a bullish sentiment, it often reflects an underlying confidence in the asset's potential for appreciation. In the case of silver, the presence of a considerable number of buy signals suggests that traders perceive the current price levels, particularly within the support and demand zone, as attractive for initiating long positions. However, it's crucial to exercise caution and consider other factors beyond just trading sentiments. While sentiments provide valuable insights into market psychology, they should be complemented with thorough technical and fundamental analysis. Factors such as macroeconomic data, geopolitical events, and changes in supply and demand dynamics can also influence the price of silver. In conclusion, the trading sentiments from the last week, indicating a higher number of buy signals compared to sell signals, suggest a potential buying opportunity for silver, especially within the identified support and demand zone. Traders should carefully analyze all available information and employ proper risk management strategies before making trading decisions.
OANDA:XAGUSDLong
by MOAZAM1133
Silver- Will it catch up with Gold?Similar to Gold, Silver also began the year poorly. After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook. However, unlike gold, silver has lagged behind in its performance since the start of the year. In my opinion, this gap will be filled, and we can expect the price of silver to reach around $25 soon. I'm looking to buy dips, with the price at the beginning of the year as my target.
OANDA:XAGUSDLong
by Mihai_Iacob
XAGUSD | A Short and Sweet UpdateInvestors entered 2023 with trepidation, mindful of the previous year's turbulence and remained wary about recession risks, geopolitical unrest, and potential rate hikes. Yet, as the year unfolded, the bond market revealed a resilient streak. Despite volatility peaks, with the 10-year Treasury yield hitting 5% before receding to 3.88%, the government bond market managed to find equilibrium, closing the year on a stable note. This stabilization was buoyed by anticipations of rate reductions, a sturdy American economy, and a softening dollar, which collectively benefited riskier bond segments, including emerging market debt. A Year of Recovery and Records The fixed income ETF landscape mirrored this recovery, with several segments posting impressive gains: Global Sovereign Bonds: Marked a recovery with a 4.44% return, a significant turnaround from the previous year's loss. Corporate Bonds: Both global and investment-grade segments saw substantial upticks, with returns of 8.52% and 7.80%, respectively, indicating a robust recovery from their 2022 slumps. High-Yield Corporate Bonds: Led the recovery efforts with a 10.67% return, signaling a strong comeback. Emerging Markets Debt and Other Segments: Also showed positive momentum, contributing to the broader fixed income recovery narrative. This resurgence culminated in a milestone for the primary global fixed income ETF markets in Europe and North America, which reached a historic total AUM of $2 trillion by the end of 2023, nearly doubling from $1.12 trillion in 2019.
OANDA:XAGUSDShort
by DCFX-TA
Silver- Genuine reversal?Two days ago, I said that OANDA:XAGUSD is trading in important support and, in the eventuality of a break, the price could fall further and could drop to the next important support level. However, after flirting with 22.20-22.30 zone support, the price reversed strongly yesterday, leaving a large Bullish Engulfing candle on our chart. This price development could represent a sign of reversal and we could have continuation to the upside. As long as the horizontal support stays intact, buying dips is my preferred strategy with a target at the next important zone at 23.30-23.40
OANDA:XAGUSDLong
by Mihai_Iacob
Silver could break under supportSince the start of December 2023, OANDA:XAGUSD has been clearly trending downward, establishing lower highs on our chart and pressing in the 22.00-22.15 support zone. However, despite yesterday's positive performance for OANDA:XAUUSD , Silver remained largely unchanged, further reinforcing this bearish outlook. The overall structure maintains its bearish trajectory as long as the price remains below the 23 zone. Regarding targets, the support at the 21 zone presents a favorable risk-to-reward ratio if we choose to sell rallies above 22.50.
OANDA:XAGUSDShort
by Mihai_Iacob
Silver- 2000 pips drop could followMore often than not, OANDA:XAGUSD provides clearer signals than OANDA:XAUUSD when it comes to technical analysis. In contrast to its bigger brother, Silver exhibited distinct signs of weakness right from the beginning of the year. This was evident as the price broke below the ascending trend line that had originated in October (In the case of Gold, the price reversed from confluence support). Reversals from the horizontal 22.70 support in Silver were consistently hindered by the confluence of resistances around 23.50, effectively keeping XAGUSD within a range. Currently, the price of Silver has returned to the support zone. Considering the descending triangle and the price being in a downtrend, coupled with its position below significant resistance levels, a break seems highly probable. In this scenario, a drop to the 20.70 zone is possible, presenting a trading opportunity of 2,000 pips.
OANDA:XAGUSDShort
by Mihai_Iacob
SILVER (XAGUSD) BUYING ON DIPS !!!! TILL 30$ HELLO TRADERS,,, As i can see this chart is performing a harmonic pattern H & S and a clear view that this pair still in range for a very big incoming move Israeli and GAZA Tensions are escalating more & more Day by Day investors and traders are looking for safe-haven Gold already break 2000 level and looking for making a new all time higher high silver has also performed well on monthly based it had gain 3% .. commodity prices are sky rocketing now we have a great opportunity to enter this trade with a very low risk and a higher reward its just an trade idea not a financial advice whats Ur thoughts on Silver kindly share with us Ur idea in comment box we appropriate Ur love and support it help alot whole traders community here .... Stay tuned for more updates
OANDA:XAGUSDLong
by APEX_TRADING_ACADMEY
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