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SILVER / US DOLLAR GRAMSILVER / US DOLLAR GRAMSILVER / US DOLLAR GRAM

SILVER / US DOLLAR GRAM

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XAGUSDG trade ideas

SILVER Will Fall! Sell! Take a look at our analysis for SILVER. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.106. The above observations make me that the market will inevitably achieve 30.995 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
XAGUSD correction towards the end of the year.Silver (XAGUSD) has made a Double Top (red circle) on October 04 near the Higher Highs trend-line of the 2-year Channel Up. Last time it did a similar Higher High was on May 05 2023, after remarkably a similar +48.50% rise, it started a correction that extended below bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The first stop was the 1D MA200 and the 0.382 Fibonacci retracement level and that's where our end-of-year Target is at 28.500. Notice also the 1W MACD similarities between the two peak fractals. Also the time from bottom to top has been highly identical at 246 and 248 days respectively. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
XAGUSD Analysis: Is Silver Set for a Slight Bearish Bias Today? On October 15, 2024, XAGUSD (Silver to USD) is likely to exhibit a slight bearish bias based on the latest fundamental factors and current market conditions. As the price of silver tends to react to broader macroeconomic shifts and market sentiment, several key drivers point to potential downside pressure for silver today. Here’s a detailed analysis outlining these factors: 1. Stronger U.S. Dollar and Treasury Yields One of the primary reasons for the bearish outlook on silver is the relative strength of the U.S. dollar (USD). Over the past few trading sessions, the dollar has remained resilient due to rising U.S. Treasury yields. Higher yields make dollar-denominated assets more attractive, leading to capital inflows into the USD, which puts pressure on precious metals like silver. With the U.S. Federal Reserve maintaining its cautious stance on interest rates and inflation, the upward trajectory in Treasury yields has persisted. Rising yields tend to weigh on silver prices, as silver does not generate any interest, making it less appealing to investors compared to interest-bearing assets like bonds. This dollar strength is a key factor that could keep silver on the bearish path today. 2. Weakening Demand for Safe-Haven Assets Global risk sentiment has shifted, with investors turning away from safe-haven assets like silver in favor of risk-on assets such as equities. Recent global economic data, including improvements in manufacturing and services sectors in both the U.S. and Europe, have bolstered investor confidence, leading to reduced demand for silver as a hedge against uncertainty. Moreover, despite ongoing geopolitical risks in certain regions, the overall market appears less focused on safe-haven buying. This diminishing demand for safe-haven assets could drive XAGUSD prices lower, further supporting the bearish bias. 3. Weak Industrial Demand Outlook Silver’s industrial demand has been facing challenges due to concerns about slower global economic growth. While silver is widely used in sectors like electronics, solar energy, and manufacturing, any slowdown in these industries can weigh on silver prices. The latest economic data out of China, the world’s largest consumer of industrial metals, has shown signs of slowing growth, particularly in manufacturing activity. China’s sluggish growth outlook, combined with weaker-than-expected industrial production figures, has raised concerns about reduced demand for silver from key industrial sectors. As China remains a major player in the global silver market, the bearish industrial outlook could keep silver prices under pressure today. 4. Technical Analysis: Resistance at $23.00 From a technical perspective, XAGUSD has struggled to break above the key resistance level at $23.00. In the past few trading sessions, silver has faced selling pressure every time it approaches this level. This indicates that there is strong resistance at this price point, which may lead to further downside movement if silver fails to push through it. In addition, momentum indicators like the Relative Strength Index (RSI) are showing signs of slowing momentum, which adds weight to the bearish outlook for silver today. If silver falls below the $22.50 support level, we could see increased selling pressure pushing prices lower towards the $22.00 mark. 5. Hawkish Fed Signals The U.S. Federal Reserve has been closely monitoring inflation, and there are indications that the central bank could keep rates elevated for a longer period. While the Fed has taken a data-dependent approach, the continued hawkish signals from policymakers suggest that there is little chance of rate cuts in the near term. This expectation of higher-for-longer interest rates has fueled strength in the U.S. dollar, as investors seek safety in USD-denominated assets. As a result, precious metals like silver, which tend to underperform in a rising rate environment, are likely to face downward pressure. This factor reinforces the bearish bias in XAGUSD for today. 6. Inflation Data in Focus Later this week, key U.S. inflation data will be released, and while the figures are not out yet, the market is positioning itself in anticipation of potentially lower inflation numbers. If inflation does indeed cool further, it could reduce the demand for silver as an inflation hedge, leading to further declines in XAGUSD. The market's expectation that inflation is moderating also reduces the urgency to hold silver as a store of value, which historically benefits during times of rising prices. This adds further bearish sentiment for today’s trading session. Conclusion In conclusion, XAGUSD is likely to experience a slight bearish bias today , October 15, 2024. Key factors contributing to this outlook include a stronger U.S. dollar, rising Treasury yields, weakened industrial demand from China, and a hawkish stance from the Federal Reserve. From a technical analysis standpoint, silver faces strong resistance at $23.00, with a lack of upward momentum suggesting that prices may continue to decline in the short term. Traders should monitor these developments closely as they navigate today’s market. For traders and investors, today’s silver outlook highlights the potential for downward movement in XAGUSD, providing an opportunity to capitalize on short positions as the bearish bias plays out. 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OANDA:XAGUSDShort
by PERFECT_MFG
Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 31.26 which is a pullback resistance that intersects with a descending trendline. Stop loss is at 31.62 which is a level that sits above a multi-swing-high resistance. Take profit is at 30.70 which is an overlap support that aligns close to the 61.8% 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. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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:XAGUSDShort
by FXCM
Bearish drop?XAG/USD has reacted off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 31.51 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 32.24 Why we like it: There is a pullback resistance level. Take profit: 30.35 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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:XAGUSDShort
by VantageMarkets
POTENTIAL AREA TO GO LONG FROM SILVER 1M - As you can see I have gone ahead and marked out an area of Demand I feel will be a good place to buy in, should price retrace back down to this area. The area I have marked is a hidden order block here on the one month TF. By price trading us down and into this area it is allowing us to get involved in this market at a better price meaning we are able to profit nicely from a new leg to the upside. The reason I feel price may trade us down and into this area before taking us higher in the market is because there will be a-lot of Demand waiting to be introduced. On top of that Supply will be removed. Supply will be removed from the market because those shorting will need somewhere to take profit, also the Supply that is sat within this area will also be removed closing positions at break even.
TVC:SILVERLong
by Lukegforex
XAG/USD Analysis: Slight Bearish Bias Expected on 14/10/2024.The XAG/USD (Silver to US Dollar) pair is likely to exhibit a slight bearish bias today, driven by a combination of fundamental and technical factors. The global silver market is influenced by economic data, investor sentiment, and broader financial market trends. In this article, we provide a detailed analysis of the factors likely to drive XAG/USD lower, while optimizing for SEO ranking with relevant keywords. 1. Stronger US Dollar The primary factor putting pressure on XAG/USD is the strengthening US dollar. Despite some recent softness, the US dollar index (DXY) remains elevated due to positive US economic data, particularly in the labor market. The recent release of robust non-farm payrolls (NFP) and a steady unemployment rate has reinforced the Federal Reserve's stance on keeping interest rates higher for longer. With the prospect of higher interest rates, the dollar is maintaining its appeal as a safe-haven asset, which tends to weigh on silver prices. 2. Rising US Treasury Yields In tandem with a strong US dollar, US Treasury yields continue to rise, further pressuring precious metals like silver. Higher yields make non-yielding assets like silver less attractive to investors. The yield on the 10-year Treasury note is nearing multi-year highs, suggesting continued demand for safer, interest-bearing assets over riskier commodities such as silver. As long as yields remain elevated, silver prices are likely to stay under pressure, contributing to a bearish outlook for XAG/USD. 3. Silver's Role as an Industrial Metal Silver is not only a precious metal but also an important industrial commodity . Given its extensive use in industries such as electronics, renewable energy (solar panels), and manufacturing, any slowdown in global economic growth tends to dampen demand for silver. Recent concerns over a potential slowdown in China’s economic growth—a major driver of global industrial demand—could lead to weaker silver prices. If demand for industrial silver weakens, this would likely contribute to a bearish trend for XAG/USD. 4. Geopolitical Tensions Easing Silver, like gold, is often viewed as a safe-haven asset during times of geopolitical uncertainty. However, the easing of recent geopolitical tensions, particularly in the Middle East, has diminished the demand for safe-haven assets. This shift in sentiment could lead to further downside pressure on silver as risk-on market conditions prevail. If tensions continue to de-escalate, silver could see reduced buying interest, further supporting a bearish bias. 5. Technical Analysis of XAG/USD From a technical perspective, XAG/USD is currently trading below its 50-day moving average, signaling a bearish trend . The pair is hovering near support around the $21.50 level, but a break below this level could open the door to further downside, potentially testing the $21.00 psychological support level. RSI (Relative Strength Index) is showing bearish momentum, while MACD (Moving Average Convergence Divergence) is also trending lower, indicating continued selling pressure. 6. Key Data Releases to Watch Traders should pay attention to the following data releases, which could influence XAG/USD today: - US Retail Sales Data: A stronger-than-expected result could boost the US dollar, further weighing on silver prices. - Fed Speakers: Any hawkish comments from Federal Reserve officials regarding future rate hikes could add to the bearish sentiment for silver. - China's Industrial Output: Slower growth in China’s industrial production could reduce silver demand, pushing prices lower. Conclusion Overall, XAG/USD is expected to exhibit a slight bearish bias today , driven by a stronger US dollar, rising Treasury yields, weakening industrial demand, and easing geopolitical risks. The technical outlook also supports a downside move, with key support levels in focus. Traders should remain cautious and monitor economic data releases that could impact silver’s price action throughout the day. Keywords for SEO Ranking: - XAG/USD analysis, - XAG/USD bearish bias, - Silver to USD analysis, - US dollar strength, - US Treasury yields impact on silver, - Silver as an industrial metal, - China economic slowdown and silver, - Precious metals analysis, - Technical analysis XAG/USD, - Silver price forecast, - Safe-haven assets, - Geopolitical risks in silver market, - US retail sales impact on silver, - Federal Reserve rate hikes impact on silver, - Trading silver in 2024.
OANDA:XAGUSDShort
by PERFECT_MFG
Silver Buyers Seek Breakout as Key Resistance FallsTechnical Analysis In the hourly chart, silver ERRANTE:XAGUSD has shown bullish momentum, managing to fill the opening gap during the European session and breaking above the key resistance at $31.298. The bounce from $30.893 reflects solid support at this level, highlighting a firm foundation for further upside movement. If the current upward trend continues, the next targets for silver lie at $31.466, $31.548, $31.703, and potentially $31.871. The price recently closed above the middle Bollinger band, which suggests the possibility of ongoing bullish momentum. As the price trades closer to the upper band, it may face some resistance, while the lower Bollinger band could act as support if there is a pullback. Market Overview From a fundamental standpoint, the environment for silver ERRANTE:XAGUSD remains neutral to slightly positive. Growing industrial demand, especially in sectors such as solar energy and electronics, continues to support silver's prices. If the outlook for these sectors remains positive or if the U.S. dollar weakens, silver's price is likely to rise. The current sentiment appears to be cautiously optimistic, setting the stage for silver buyers to potentially regain control.
ERRANTE:XAGUSDLong
by Errante
#Silver bearish counter trend opportunityAs seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A. As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C. This entire 3-wave bearish move could then form wave 2 of 5 on a higher degree. Therefore, while we might be looking at a short-term bearish move, according to Elliott Wave theory, there is still significant bullish potential in the coming weeks.
TVC:SILVERShort
by mohemati
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4. Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5. It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
TVC:SILVER
by mohemati
1