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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

XAG/USD Hits New High with Bullish Continuation ExpectedHello, XAG/USD has surpassed our previous targets, reaching a new yearly high of 32.964! Despite this impressive rise, there is no strong indication of a major bearish shift. Current support levels are expected to be tested, as both the daily and weekly pivot points have acted as resistance. The extent of this testing remains to be seen, but after these supports are confirmed, a bullish continuation is anticipated. TradeWithTheTrend3344
OANDA:XAGUSD
by TradeWithTheTrend3344
Silver struggles at key resistanceSilver has now failed t break the $32.00 level on multiple occasions - but it may do so soon Still, the fact that we have tried to take out the May high of $32.51 twice in as many weeks and have failed to hold there may be a sign of waning bullish momentum. At the time of writing, silver was still holding above key support in around the $31.35 - $31.50 area (blude shaded area). The line in the sand is at $30.88, the most recent low. If this level breaks then we may see a correction to below $30.00 with $29.00 being a key support where we may see silver start another bullish trend. So let's wait and see what silver does here. In the longer-term, I continue to think silver is headed for $35.00 at least. But I am not so sure about the short-term path, especially in light of most recent price action. If you trade silver, make sure to keep an eye on gold. The yellow metal remains supported by strong fundamentals, with central bank rate cuts and geopolitical tensions bolstering demand for the safe-haven asset. Despite recent dollar strength, which has capped gold's upward momentum, factors like rising oil prices, Middle Eastern unrest, and China's economic stimulus continue to lend support. However, the Fed Chair's indication of a more cautious approach to rate cuts means gold could potentially ease back as the dollar comes back. This could also negatively impact silver in the short-term outlook. By Fawad Razaqzada, market analyst with Forex.ocom
FOREXCOM:XAGUSD
by FOREXcom
SILVER Set To Fall! SELL! My dear friends, Please, find my technical outlook for SILVER below: The instrument tests an important psychological level 32.202 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 31.709 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
3
SILVER Will Go Lower! Sell! Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 31.909. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 29.771 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
2
Anticipating a Slightly Bearish Bias on XAGUSD for today07/10/24XAGUSD Analysis for 07/10/2024: Anticipating a Slightly Bearish Bias The XAGUSD (Silver to US Dollar) pair is showing signs of a slightly bearish bias today, driven by a confluence of fundamental factors and current market conditions. Silver, often seen as a safe-haven asset and a store of value, is facing downward pressure due to several key drivers. Here’s an in-depth look at why the market may anticipate a bearish tilt in XAGUSD today. 1. Rising US Dollar Strength The US Dollar continues to exhibit strength in the global market despite some intermittent weaknesses. Investors are flocking to the Dollar due to the Federal Reserve’s relatively hawkish stance, which signals a potential continuation of elevated interest rates. A stronger US Dollar typically puts pressure on commodities like silver, making XAGUSD prone to a bearish bias today. 2. US Treasury Yields The surge in US Treasury yields is another significant factor weighing on silver prices. Higher yields make non-interest-bearing assets like silver less attractive to investors. The 10-year Treasury yield is hovering near recent highs, which reduces the appeal of holding silver and increases the selling pressure on XAGUSD. 3. Weak Industrial Demand Silver is not just a precious metal but also an industrial commodity. With global economic growth concerns persisting, particularly with sluggish demand from major economies like China and the Eurozone, industrial demand for silver is under pressure. Slower global growth diminishes the demand for silver in manufacturing and technology sectors, contributing to today’s bearish outlook. 4. Global Risk Sentiment Shift Global risk sentiment has shifted slightly away from safe-haven assets as geopolitical tensions ease and market volatility declines. This sentiment shift makes assets like silver less attractive to investors looking for stability. The risk-on environment is driving money flow away from metals like silver and into riskier assets, further supporting the bearish case for XAGUSD. 5. Technical Analysis On the technical side, XAGUSD is trading below key resistance at $23.00, and bears seem to be in control as silver struggles to maintain its foothold above the $22.50 support level. The 200-day moving average is sloping downwards, indicating that the broader trend remains negative. Failure to hold above $22.50 could push XAGUSD lower, adding to the bearish momentum today. 6. Impact of Upcoming Economic Data Investors will also be eyeing upcoming economic data from the US, including inflation reports and Federal Reserve commentary. Any hawkish tone from the Fed or stronger-than-expected inflation data would add more pressure to silver prices as the market anticipates further tightening from the Fed. This would fuel the bearish outlook on XAGUSD today. Conclusion Given the strong US Dollar, rising Treasury yields, weak industrial demand, and shifting global risk sentiment, XAGUSD is expected to face a slightly bearish bias on 07/10/2024. Traders should closely monitor the $22.50 support level, as a break below could confirm further downside. However, any unexpected shift in risk sentiment or Dollar weakness could alter this outlook. Keywords for SEO: - XAGUSD analysis 07/10/2024 - Silver to USD bearish bias October 2024 - US Dollar strength impact on silver - XAGUSD forecast for October 7, 2024 - Silver price analysis October 2024 - Federal Reserve impact on silver prices - Industrial demand and silver prices - XAGUSD technical analysis October 2024 - XAGUSD resistance and support levels - XAGUSD forecast slightly bearish bias
OANDA:XAGUSDShort
by PERFECT_MFG
XAG/USD "The Silver" Market Money Heist Plan on Bullish SideHello My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist XAG/USD "The Silver" Market Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 1H timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:XAGUSDLong
by Thief_Trader
1
XAGUSD VIew!!Gold prices eased on Monday as bets firmed for a smaller U.S. rate cut in November after strong jobs data, while investors awaited inflation data and comments from Federal Reserve officials for further cues. Spot gold GOLD slipped 0.3% to $2,643.13 per ounce by 0649 GMT. U.S. gold futures GOLD edged 0.2% lower to $2,662.70. The stronger-than-expected September jobs report, released on Friday, poured cold water on expectations of a large Fed rate cut next month, boosting the dollar.
OANDA:XAGUSDLong
by FXBANkthe8055
XAG/USD "SILVER" Market Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist XAG/USD "SILVER" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
CAPITALCOM:SILVERShort
by Thief_Trader
XAGUSD: If this Bearish Cross happens, it's a sell.Silver is bullish on its 1D technical outlook (RSI = 63.461, MACD = 0.757, ADX = 29.627) but hit yet again the top (HH) of the Channel Up and got rejected. The metal has gained recently due to the tensions in the Middle East and after today's much stronger than expected Nonfarm Payrolls report, it should see a retrace as the USD is expected to gain, while the geopolitical tensions ease. The last Channel Up correction hit the 0.618 Fibonacci level, so any sell target above it and the 1D MA50, is justified (TP = 30.400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDShort
by InvestingScope
2
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times. Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support. Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term. With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break. Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience. In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
OANDA:XAGUSDLong
by Mihai_Iacob
18