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Xagusdanalysis

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
2
Silver Prices Near Monthly Low Amid Fed's Hawkish SignalsSilver prices (XAG/USD) are experiencing a significant decline, approaching the $22.00 mark, driven by signals from Federal Reserve (Fed) Chair Jerome Powell and colleagues indicating a willingness to implement additional interest rate hikes in pursuit of a more restrictive monetary policy stance. Jerome Powell's recent statements, affirming the Fed's readiness to raise interest rates further to maintain price stability, contrast with the uncertainties expressed by Fed policymakers Mary Daly and Thomas Barkin, who remain unsure about the necessity of interest rate hikes. Concurrently, apprehensions preceding the release of US inflation data for October have contributed to keeping silver prices subdued. As per expectations, the Core Consumer Price Index (CPI) for the month and year is anticipated to exhibit steady growth at 0.3% and 4.1%, respectively. The US Dollar has strengthened in anticipation of inflation data, with a potential drop in the inflation rate to 2% heightening hawkish sentiments at the Fed. The US Dollar Index (DXY) is striving to surpass the immediate resistance level of 106.00. In European trading, S&P500 futures have recorded additional losses, reflecting a risk-averse market sentiment. The yield on the US 10-year Treasury bond has risen to approximately 4.65%. Technical Analysis of Silver Silver prices continue their downward trajectory post a test of the breakdown of consolidation within the $22.37-23.70 range on the four-hour chart. Short-term demand for the precious metal remains muted as it has dipped below the 200-period Exponential Moving Average (EMA), hovering around $22.70. The Relative Strength Index (RSI) (14) has entered the oversold range of 20.00-40.00, signaling the activation of downward momentum.
TVC:SILVER
by Gwen_Humuna
#XAGUSD: 2nd Entry Possible, big trade coming! Dear Traders, At the beginning of the week and the first hour of trading of Monday, gold and silver price sky rocketed. The reason is many institutional traders took the price high to take their profit out as we approaches the year end. The second thing is the fear that FED will increase the interest rate that means dollar will collapse ultimately this fear led pre session market sentiment to go all in. Moving forward we expect price to fill the liquidity voided area and once filled. Price can continue the drop. Thanks in advance and good luck.
OANDA:XAGUSDLong
by Setupsfx_
2