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XAG

GOLD ! What to expect from the price after testing the support🤔Gold is trading within a sideways range of 1809.4 - 1765. The price continues to correct to the support zone. Earlier the price was able to break the global downtrend and we saw a strong move up to 1809 resistance. At the moment the price has moved into a consolidation phase. There is a support level ahead of the price, I believe it is an important boundary for further price reaction. I assume, since we have a local uptrend, the support levels are more important points for reversal. I think a pullback will follow from the level of 1765.7. The short-term target is resistance 1784.5, the medium-term target is resistance 1809.4. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
27
GOLD ! 2 scenarios: growth and decline. What will happen next?🤔The situation is logical and interesting at the same time. The price breaks through the resistance of 1787.4 and consolidates above this level for a long time, making false breakdowns downwards. Under the price passes the formed ascending support line, above which the price is at the moment. The situation is stalemated by the fact that the price cannot go up and cannot renew the local tops, i.e. there are two scenarios: growth after a false break-down of the level and support line. Or a break-down and formation of correction. What to expect further? Sincerely R. Linda!
OANDA:XAUUSDLong
by RLinda
28
The Silver BulletSilver - Intraday - We look to Buy at 20.09 (stop at 19.92) Preferred trade is to sell into rallies. There is scope for mild selling at the open but losses should be limited. Daily signals are mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 20.10, resulting in improved risk/reward. Our profit targets will be 20.58 and 21.20 Resistance: 20.83 / 21.50 / 26.00 Support: 20.40 / 20.10 / 18.93 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDLong
by OANDA
1
Jamie Gun2Head Trade - Buying Silver Trade Idea: Buying Silver Reasoning: Bullish price action on the intraday, corrective move lower, looking for gains to be extended today Entry Level: 20.40 Take Profit Level: 20.89 Stop Loss: 20.24 Risk/Reward: 3.06:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAGUSDLong
by Signal_Centre
XAUXAU has done brilliantly since the last post with a rise of around $50, price now forms an inside bar on the 4H, an inside bar is often found in impulsive moves what it represents is a lower time frame consolidation so when we see as a green hammer/pin it can signify a good chance of imbalance continuing so because of this we have to look for previous levels of balance in the market, where will price stall? I have labelled a few targets I believe we can hit, I could have added another setup with a slighty higher TP, but I think it is best to start closing out the long positions a bit quicker, so keep an on the 4H chart and LTF and when you see obvious signs of the market deteriorating then we have to act accordingly. Longer term I believe the continued rate hikes will continue to close the gains XAU saw in the super inflation, I still believe DXY Index will climb considerably higher in the long term, so we can keep an eye for shorts if we enter a distribution phase.
OANDA:XAUUSDLong
by ZenFlo
1
Extended attempts higher are expected to fail on SilverSilver - Intraday - We look to Sell at 18.93 (stop at 19.13) There is scope for mild selling at the open but losses should be limited. Trading within a Bearish Channel formation. We look to sell rallies. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 18.19 and 18.00 Resistance: 19.03 / 19.40 / 20.21 Support: 18.42 / 18.31 / 18.14 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDShort
by OANDA