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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

"Double Bottom" in Silver Indicate a Future Price Increase?The current silver price (XAG/USD) is fluctuating around $28.50. The technical chart shows that silver has experienced a double bottom, indicating a potential reversal signal of the "Double Bottom" pattern, which may suggest a price increase over the coming period. However, based on the moving averages, the market remains in a downtrend. The current key support level is around $27.60. If the price retraces to this level and finds support, a rebound may occur. The key resistance level above is near $29. If the price can break through this resistance, it may continue to rise, breaking the upper boundary of the "Double Bottom" pattern and targeting higher levels. Currently, it is crucial to see if silver can successfully test the area around the psychological level of $28. If so, silver prices are expected to rebound and continue to rise, targeting above $29/$30. If the price breaks through the resistance area of $29.25 and closes above it, this will indicate a breakout of the "Double Bottom" pattern, with a target toward higher levels. Conversely, if the silver price falls below $27.25, it will indicate a breakdown of the support area, which may lead to further declines, targeting below $25.65. The silver market is currently at a critical technical turning point, and the formation and confirmation of the "Double Bottom" pattern and support level are crucial for potential upward momentum. However, investors should closely monitor changes at key levels and adjust their strategies accordingly to manage potential market volatility.
EIGHTCAP:XAGUSD
by financeporter
XAGUSD preparing for a rally.XAG feel strongly in the last few days and it seems that it has now completed an ABC pattern. The decline looks aggressive and it could be an impulse to the downside, but I choose to label it as ABC because the internal waves suggest that wave B is a triangle and therefore it cannot be a wave 2. That said, I expect silver to rally significantly in the following session, towards the ultimate target at ~34 dollars. BUY at market (~28.05) SL at 27.70 (yesterday's low) TP at ~34 (to be adjusted with price action)
OANDA:XAGUSDLong
by dscharalampidis
XAGUSD / TRADING IN THE DOWNWARD ZONE - 4H TIME FRAMEXAGUSD / 4H TIME FRAME HELLO TRADERS Current Market Analysis: The market is trading below the turning level of 29.07 , and below the channel trend line at 29.38.This means the price action is currently bearish , with a downward bias , The immediate expectation is that unless the price breaks above these levels, the market could continue to decline. Downward Conditions: If the price remains below 29.38, it suggests that the market will continue to trend downward, Initial target for the decline: 28.10 , If 28.10 is broken, the next target would be 27.63. The downward trend remains valid as long as the price doesn't break and stabilize above 29.38. Upward Conditions: If the price breaks and stabilizes above 29.38, this would indicate the beginning of a bullish reversal , The first upward target is 29.82 , If 29.82 is broken, the market could aim for the next target at 30.51 , This upward movement would only be valid if the price successfully breaches the channel trend resistance and holds above it. UPWARD TARGET : 29.82 , 30.51. DOWNWARD TARGET : 28.10 , 27.63.
OANDA:XAGUSDShort
by ArinaKarayi
Silver is Rising!With the weakening of the U.S. labor market, expectations for a 25 basis point rate cut by the Fed remain intact. In this context, U.S. 10-year Treasury yields have turned downward. The dollar's depreciation in yesterday's session led to a recovery in commodities, supporting a rebound in silver prices from the 27.75 level. The inflation data to be released today will provide further clues regarding the extent of the Fed's interest rate cuts. From a technical perspective, if prices hold above the 28.90 resistance level, a rise to 30.0 and then to 30.80 could occur. On the downside, if the price falls below the 27.75 support level, it could decline to 26.75 and then to 25.70.
OANDA:XAGUSD
by primequotes
Overlap resistance ahead?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support level which has been identified as a pullback support. Pivot: 28.93 1st Support: 27.72 1st Resistance: 29.61 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:XAGUSDShort
by ICmarkets
1
Silver H4 | Potential bullish reversalSilver (XAG/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 27.77 which is a multi-swing-low support. Stop loss is at 27.00 which is a level that lies underneath an overlap support and the 78.6% Fibonacci retracement level. Take profit is at 28.96 which is an overlap resistance that aligns with the 50.0% 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:XAGUSDLong
by FXCM
1
SILVER On The Rise! BUY! My dear friends, SILVER looks like it will make a good move, and here are the details: The market is trading on 28.098pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 28.246 Recommended Stop Loss - 27.576 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ———————————
OANDA:XAGUSDLong
by AnabelSignals
1
Buy opportunityThe pair presents an enticing Buy opportunity at the price of 28.100, with favorable potential for profit. Targets: Primary Target: 28.900 Secondary Target:29.658 Breakout Scenario: In the event of a breach above the Support level of 27.673, indicative of a bearish breakout, the target price is anticipated to ascend towards 26.00. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting upward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
TVC:SILVERLong
by GODOCM