Trade idea: XAGUSD long (BUY LIMIT)1. Technical Analysis Summary:
Daily Chart (Long-Term Trend)
• Trend: Strong bullish structure, recent consolidation after breakout above $30.
• MACD: Histogram tapering but still positive — momentum cooling but bullish bias intact.
• RSI (48.70): Neutral zone, not overbought or oversold — room for upside continuation.
• Price Action: Holding near previous resistance-turned-support around $32.40.
15-Min Chart (Intraday Context)
• Trend: Pullback from recent highs, but signs of base forming near $32.40.
• MACD: Still bearish, but histogram is flattening — suggesting downside momentum weakening.
• RSI (42.98): Near oversold territory — early sign of bounce potential.
3-Min Chart (Entry Timing)
• MACD: Just flipped bullish (signal line crossover), bullish divergence spotted.
• RSI (61.34): Rebounding strongly — confirmation of short-term bullish momentum.
• Price Action: Higher lows forming; reclaiming the 20 EMA.
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2. Fundamental Backdrop (as of May 2025):
• Dovish Fed stance and expectations of interest rate cuts continue to support metals.
• Global macro uncertainty (inflation, geopolitical tensions) keeps demand for silver intact.
• Industrial demand for silver remains strong due to green energy initiatives.
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3. Trade Setup (Long Position):
Bias: LONG XAGUSD
• Entry: 32.43 (current price, confirming breakout on 3M chart)
• Stop Loss (SL): 31.90 (below recent intraday low and structure support)
• Take Profit (TP): 33.80 (previous swing high from April, daily resistance zone)
FUSIONMARKETS:XAGUSD
Xagusdprediction
SILVER BEST BUYING ZONE !!!!HELLO TRADERS
As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always talk......
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