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XAG/USD (Silver) Fundamental Analysis + Forecast 1/29I've been watching silver prices closely, and they've been hovering around $24 per ounce so far this year. On January 16th, the price briefly touched a nine-month high of $24.4, helped by a weaker dollar and expectations of easier monetary policy. There have been signs of lower inflation and recession concerns, which have fueled speculation that the Federal Reserve may stop raising its funds rate at 5%. Recent data shows that annual PCE core inflation has continued to slow, and personal spending has contracted for a second straight month. These developments have made non-interest-yielding bullion more appealing, and lower borrowing costs have also increased demand for silver as an industrial input for goods with high electricity conduction needs, as evidenced by the recent rise in solar energy equities. Additionally, supply concerns are supporting silver prices, as COMEX inventories remain under pressure and LBMA stockpiles have declined due to outflows to India. Our neural network-based forecasting model predicts that silver prices will continue to be close to the $24 per ounce mark this quarter, and we estimate that the price will be around $24.2 in 12 months.
TVC:SILVERLong
by TayFx
RLinda ! GOLD -> A rebound from a strong support zone Gold is in consolidation, but this consolidation has the form of an ascending wedge, which is also in an ascending price channel. Strong analysts and large investment figures believe that the gold in the near future could go into a correction phase, after which the growth will continue, but not as active. A "rising wedge" pattern is forming on the chart, which aims at a break-down of the support and making the price fall, but there are no prerequisites at the moment. Earlier (several weeks ago), a similar set-up was formed, but as we see, the price has already tested the multi-month high of 1949.26. The price forms a pullback to the channel support, I expect the retest of the strong zone and a bounce of the price. Our target in this case will be the resistance area of 1945-1950 Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
18
XAUUSD Potential for Bullish Continuation | 26th January 2023Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 1937.580, where the recent overlap support is. Stop loss will be at 1924.260, where the previous overlap support is. Take profit will be at 1998.460, where the previous intermediary high is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDLong
by Rockqet
XAUUSD Potential for Bullish ContinuationLooking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buystop entry at 1942.555, where the recent high is to ride the bullish momentum. Stop loss will be at 1924.260, where the previous overlap support is. Take profit will be at 1998.460, where the previous intermediary high is. 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.
OANDA:XAUUSDLong
by VantageMarkets
XAUUSD Potential for Bullish Continuation | 25th January 2023Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buystop entry at 1942.555, where the recent high is to ride the bullish momentum. Stop loss will be at 1924.260, where the previous overlap support is. Take profit will be at 1998.460, where the previous intermediary high is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDLong
by Rockqet
1
XAUUSD 4hour Analysis January 22nd, 2023Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish on GOLD! We are due for some structure so that is a high priority at the moment before we can enter any trades. Ideally, price action confirms new structure near 1900.00 with bullish setups we can enter long on. Trade scenario 2: If we want to consider short scenarios we need to see 1900.00 break and bearish structure form below.
FX_IDC:XAUUSDLong
by ForexLeague