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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

XAGUSD View!!Silver held its recent decline to around $33.7 per ounce on Monday as the dollar and Treasury yields rallied further on signs of strength in the US economy and bets that former President Donald Trump will win at next month’s election. Easing geopolitical risks in the Middle East also pressured precious metals as Israel’s retaliatory strikes on Iran over the weekend did not target crude or nuclear facilities, while Tehran did not immediately vow to respond, raising hopes of a de-escalation in the regional conflict.
OANDA:XAGUSDShort
by FXBANkthe8055
Silver XAG/USD Analysis --- 28.10.2024Downward Outlook for XAG/USD: Potential support levels: $32.20-$32.15, $32.00, $31.70-$31.65. Possible further declines towards $31.00, $30.50, and the monthly swing low near $30.00 (tested on October 8). Upside Potential: Immediate resistance at $33.65. If breached, potential to reclaim $34.00 and target the $34.30-$34.35 supply zone. Further bullish momentum could aim for the $35.00 psychological mark and challenge the October 2012 swing high around $35.35-$35.40.
MARKETSCOM:SILVER
by CTA_tradesmart
Silver Heading for a Breakdown? targeting $30📉 Silver Heading for a Breakdown? ⚠️ OANDA:XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨 📊 Key levels to watch: Breakdown at $33.10 Major fall expected below $32.50 📉 RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉 Silver (XAG/USD) Analysis: The daily chart of Silver (XAG/USD) reveals critical insights for traders: Resistance and Breakdown Levels: Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown. $32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30. Bearish Momentum: The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence. Next Key Support at $30: The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level. Volume Insight: A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown. Conclusion: If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
OANDA:XAGUSDShort
by profitoptionnew
XAGUSD: Sell the bounce. Top about to be completed. Silver reached the top of the 3 month Channel Up, naturally on a bullish 1D technical outlook (RSI = 62.183, MACD = 0.939, ADX = 32.693) and since 3 days it got rejected to the 4H MA50 today. The 2 bullish waves before that show that this is technically the last bounce before the top is formed. We are ready to sell this back to the bottom of the Channel Up, targeting the 0.5 Fibonacci level (TP = 32.500). See how our prior idea has worked out: ## 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 Fakeout + Head and ShouldersWe have a head and shoulders here on the 15m along with a set of lower highs. On top of that, it had a fakeout above its falling wedge today. Really nice move up and might be a dangerous short, or long really. There's likely to be some more volatility though. For now I'd be a little bearish until it retests the $32.50 area. Might be a good spot to long there, also might be worth taking some puts for a short term swing on the way down as well. Short would be invalid if it holds the $33.50 area it's near now.
CAPITALCOM:SILVERShort
by AdvancedPlays
Reversal into downtrend setup taken with DJ30 today explainedIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades: * NAS Uptrend Continuation long (BE) * Silver Parabolic Reversal Short * DJ30 Reversal into Downtrend I'll also provide a detailed explanation of the Reversal into Downtrend setup, helping you understand how to apply this strategy in your own trading. Reversal into downtrend is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
OANDA:XAGUSD
by TC888
XAGUSD - 1H BullishOANDA:XAGUSD is showing strong bullish momentum, particularly as we approach late October 2024. On the technical side, the current chart presents a series of three bearish pullbacks, each one weaker than the last, suggesting the bearish trend is losing strength. Silver has now reached a key support zone, which aligns with the end of the bearish phase and a potential upward reversal. The breakout is likely, supported by bullish signals from the trend line and weakening bearish pressure. From a fundamental perspective, there are several factors supporting this bullish outlook for silver. Global demand for silver, particularly in renewable energy sectors and industrial uses, continues to grow. In October 2024, silver prices have also been supported by increasing inflation concerns and the weakening U.S. dollar, as noted by various market analysts. Additionally, silver remains above critical moving averages, further reinforcing the possibility of continued upward momentum. With a strong technical foundation and supporting fundamentals, silver looks well-positioned for a rally in the coming weeks. Keep an eye on key resistance levels and potential macroeconomic developments for further confirmation of the bullish trend.
FX:XAGUSDLong
by Sober_Trading