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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 Faces Increasing Pressure: Cautious SentimentSLO2 @ 31.77 📉 SLO1 @ 30.28 📉 TP1 @ 27.43 TP2 @ 25.03 TP3 @ 23.27 TP4 @ 20.55 BLO1 @ 19.89 ⏳ BLO2 @ 18.30⏳ SL @ 17.55 🚫 🔑 BLO = BUY LIMIT ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT SL = STOP LOSS 📉 = Order Triggered ⏳ = Order Pending SUMMARY The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless, the current circumstances are subject to change, so it is advisable for traders to proceed with caution and carefully observe any updates in the market. FUNDAMENTAL The price of silver has pulled back to around $28 per ounce, reversing its recent gains due to concerns about a potential recession and a general increase in risk aversion. Concerns about a potential economic downturn have been heightened by the US economy's weaker-than-expected job growth in July. As a result, investors are now looking for safe-haven assets. TECHNICAL Despite the anticipation of significant interest rate cuts by the Federal Reserve, the general market sentiment remains pessimistic for silver. Based on the technical indicators, it appears that the downtrend may continue, as the short-term moving averages are currently positioned below the longer-term averages. Nevertheless, it is crucial to take into account the conflicting signals from various technical tools and closely observe fundamental developments before finalizing any trading decisions. FUTURES In addition, the recent decrease in delivery volume in the Comex silver futures market suggests a decrease in physical demand. Although this data point is worth considering, it is important to analyze it in the larger market context in order to make meaningful conclusions about the price trajectory of XAGUSD.
OANDA:XAGUSDShort
by ProfessorCEWard
SILVER (XAGUSD): Trading Plan Ahead of NFP↪️Today, we are anticipating the release of the US NFP Report. Here are the possible scenario for SILVER. On a 4-hour time frame, the price has formed a dynamic inverted head and shoulders pattern. If there is a bullish breakout above the dynamic neckline at 29.12 with a 4-hour candle close, it will confirm a strong bullish trend. We can expect a bullish continuation towards the psychological level of 30.00. It is advisable to wait patiently for a breakout and then follow the market accordingly.
OANDA:XAGUSDLong
by linofx1
5
Potential bullish bounce?XAG/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 28.15 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Stop loss: 27.70 Why we like it: There is a pullback support. Take profit: 28.86 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement. 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:XAGUSDLong
by VantageMarkets
Bullish rise?The Silver (XAG/USD) has reacted off the pivot and could potentially rise to the 1st resistance which is an overlap resistance. Pivot: 28.18 1st Support: 27.90 1st Resistance: 28.81 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDLong
by ICmarkets
1
SILVER ( TRYING TO RETEST A TURNING LEVEL (1) ) (4H)XAGUSD HELLO TRADERS Tendency , the price is under bearish pressure , after breakout channel . TURNING LEVEL (1) : the price of this level at 28.20 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 27.29 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 29.33 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 30.48, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 26.43, for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 25.23 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 27.80 , have two scenario , first corrective 28.20 before dropping to touch a 27.29 , then26.43 , second corrective 27.29 to reach a 28.20, then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 29.33, 30.48 . SUPPORT LEVEL : 26.43 , 25.23 .
OANDA:XAGUSDShort
by ArinaKarayi
Silver- Ready for 35usd A few months ago, I wrote an XAG/USD analysis, predicting that Silver could rise by 10,000 pips to reach 35. Achieving such a significant target requires patience, and the price won't climb in a straight line. However, my long-term conviction remains unchanged: Silver will likely rise to 35 USD/oz. But as Keynes said, "In the long run, we are all dead," so let's focus on the short term. Recently, as shown in the posted chart, Silver broke below horizontal support. However, after a bullish Pin Bar formation a few days ago, the price reversed strongly and is now trading back at the old support, which has become resistance. This suggests the possibility of a false break. At this moment, given the proximity to resistance, a correction is possible. However, this correction should be seen as a good opportunity to buy in anticipation of a false break. Depending on your patience, you could set your target at 30, 32, or my long-term target of 35.
OANDA:XAGUSDLong
by Mihai_Iacob
3