Get started

XAG USD ( Silver / US Dollar)

XAGUSD / Silver - Ideahey Guys, Yearly Chart: Corrective mode since 2011 (Bearish Pressure) 2023 ->inside Bar closed above middle line -> Bullish Conclusion = neutral - Happy to take both sides of the trade since we are seeing a balanced market since 2011. Most important lines for a Breakout: 32.3 For Bears: 28.3 Until a clear break of 32.3 (on a closing base) I am still neutral - bearish on the yearly chart. Below 28.3 I am very Bearish. Targets are mentioned above as well as below. Quarterly: breakout above the inverted H&S Neckline with reaching all targets in one candle. - closed below 30.00 --> important High. Monthly: Inside Bar at crucial line of 30.00 but still in a rising channel. Stochastic is turning down. Expected Sideways Formation for a while. 3D: Oversold area - likely to see a bounce from here to test the 32.3 area again. I will be happy to take a Signal from there since we are Consolidating at the Higher TFs as well and I would like to sell from that area again. Thanks for reading…
FX_IDC:XAGUSD
by MeruEU
Gold Glimmering with Hope: Job Data Fuels Short-Term Price RiseGold prices in overseas markets experienced a welcome climb on Friday, snapping a three-day losing streak. Spot gold at the Comex exchange, a key benchmark, rose by $17 to $2,322 per ounce. This upward movement can be attributed to two key factors: recent US jobless data and ongoing uncertainty surrounding the Federal Reserve's monetary policy. The release of US unemployment data on Thursday played a pivotal role in boosting gold's appeal. The data hinted at a potential softening in the previously red-hot US labor market. This has sparked speculation among some analysts that the Federal Reserve may consider slowing down its aggressive interest rate hike plans in the near future. The Fed has been raising interest rates to combat persistent inflation. However, these rate hikes tend to strengthen the US dollar, making gold – a non-interest-bearing asset – less attractive to investors. So, any indication of a pause or slowdown in the rate hike cycle can be seen as positive news for gold prices. This sentiment was further bolstered by the performance of silver, another precious metal often viewed as a proxy for gold. Silver prices also rose, climbing to $29.20 per ounce from the previous day's closing of $28.94. Looking at the bigger picture, the overall outlook for gold prices in the short term remains somewhat bearish. The Fed's hawkish pronouncements, persistent inflation concerns, and a potentially strengthening US dollar continue to pose headwinds for the precious metal. Here's a breakdown of the key factors influencing gold prices: • Weakening US Labor Market: The recent US jobless data suggesting a potential slowdown in the labor market has fueled speculation of a pause in interest rate hikes by the Fed, which could benefit gold prices. • Federal Reserve Policy: The Fed's aggressive tightening of monetary policy through interest rate hikes is a major challenge for gold. Higher rates strengthen the dollar and make gold less attractive as an investment. • Inflation: Inflationary pressures remain a concern, and the upcoming PCE data release could significantly impact gold prices. A higher-than-expected inflation reading could reinforce the need for continued rate hikes, putting downward pressure on gold. • US Dollar Strength: A strong US dollar makes gold more expensive for foreign investors, further limiting demand. While the short-term outlook may be uncertain, gold's long-term value proposition as a safe-haven asset remains intact. Investors seeking a hedge against inflation and economic uncertainty may continue to view gold as a valuable addition to their portfolios. In conclusion, gold prices experienced a temporary reprieve on Friday, driven by hopes of a shift in the Fed's monetary policy. However, the release of key inflation data later in the day and the broader economic landscape continue to cast a shadow on the short-term prospects for gold. Investors should carefully consider all these factors before making any investment decisions.
OANDA:XAUUSDLong
by bryandowningqln
Silver H4 | Potential bullish bounce of 61.8% Fibonacci supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 28.71 which is a pullback support that aligns close to a 61.8% Fibonacci retracement level. Stop loss is at 27.65 which is a level that sits under a pullback support. Take profit is at 29.71 which is a pullback 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
SILVER - Playing Out Perfectly!In our last analysis we identified the picture perfect higher timeframe impulse schematic. We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear. We now have the wave 4 correction and we are halfway through it. On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below: We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below: Trade Idea: Blue Move (LONG) For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs. Trade Idea: Red Move (SHORT) We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity. Goodluck and as always, trade safe!
OANDA:XAGUSD
by WicktatorFX
2
XAU-USD The chart for Silver/US Dollar (XAG/USD) on a daily timeframe shows a bullish "Double Bottom" pattern around the 28.60 USD level, indicating potential reversal of the recent downtrend. This pattern suggests strong support, as the price has bounced off this level twice. The current price is approximately 29.038 USD. A significant resistance level is identified around 32.00 USD, where the price has previously faced selling pressure. If the price breaks above this resistance, it could signal further upward momentum. The chart projects an upward movement towards this resistance, represented by a yellow arrow, suggesting that the price might initially face resistance but is expected to rise. Historical support around 26.00 USD is also highlighted, providing context for potential price movements. The yellow and red highlighted areas mark these critical support and resistance zones. In summary, the chart indicates a bullish outlook for XAG/USD, supported by the double bottom pattern and strong support at 28.60 USD. The key resistance level to watch is 32.00 USD. Traders should monitor the support at 28.60 USD to confirm the double bottom pattern and potential upward trajectory.
ICMARKETS:XAGUSDLong
by Dhareja
Bullish breakout?The silver (XAG/USD) is currently breaking out of the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 28.96 1st Support: 28.65 1st Resistance: 29.40 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
The Silver Trap: Don't Fall for the Bullish BreakoutI'm about to say the obvious: Silver doesn't want to rally. It teases the bulls, reaching levels where they can finally breathe a sigh of relief, only to slide back down. Let me illustrate this on the chart. Imagine you're looking at the chart on June 06, and there's nothing to the right (just cover it up with your hand or a piece of paper). You see a big "bullish" candle, breaking through local resistance – it's a classic setup. Tempting, right? Did you take the bait? I did, hundreds of times. But after 2 years of studying algorithmic trading and testing this pattern, I realized it doesn't work as advertised. Hundreds of hours of testing didn't yield long-term positive results. However, trading against this "breakout" pattern showed promise. Here's the point of this post: subscribers know we never rely on a single factor or sentiment. We use multiple data sources to gain an edge. But there's a secret method that works almost as well: looking at the chart through the eyes of "smart money" – big players who know how to use retail traders' patterns against them. They see opportunities and liquidity, and they're not afraid to use it. Hundreds of hours of testing confirm this. So, be cautious of that bullish breakout – it might just be a trap.
OANDA:XAGUSDShort
by ClashChartsTeam
Extended flat pattern in the fourth waveGreetings, Dear friends, I hope you are well and have had a week filled with successful and profitable transactions. Regarding the silver market, I believe it behaves similarly to the gold market. Currently, I see it in the third wave, which is the fourth wave in an extended flat pattern. However, this analysis is subject to change. In both cases, we need to observe the price action using an impulse pattern and look for the formation of a corrective pattern to determine potential price targets. Keep in mind that the corrective pattern can take various forms. Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me. Thank you for taking the time to review my analysis, and thank you all. To all my dear friends and colleagues, first of all, I wish you health and success in your goals. Mehdi Abbasi with the nickname (Mr. Nobody)
COMEX:SI1!Long
by mehdi47abbasi79
Heading into 38.2% Fibonacci resistance?XAG/USD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 29.84 Why we like it: There is a pullback resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 30.20 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 29.09 Why we like it: There is a an overlap support which aligns with the 78.6% 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:XAGUSDShort
by VantageMarkets
Buy Silver (XAG/USD) Triangle BreakoutThe XAG/USD OANDA:XAGUSD pair on the M15 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 29.53 Target Levels: 1st Resistance – 30.08 2nd Resistance – 30.47 Stop-Loss: To manage risk, place a stop-loss order below 29.30. This helps limit potential losses if the price falls back unexpectedly. 🔊 Support by leaving Likes & Comments Thank you.
OANDA:XAGUSDLong
by KABHI_TA_TRADING
1
SILVER The Target Is UP! BUY! My dear friends, My technical analysis for SILVER is below: The market is trading on 29.624 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 30.104 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
MarketBreakdown | Dollar Index, Silver, EURCAD, WTI Oil Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ Dollar Index #DXY daily time frame 💵 Dollar Index nicely respected a key daily horizontal resistance. We see a nice bearish reaction to that today. Because of the absence of important fundamentals, I think that DXY may keep staying under a bearish pressure. 2️⃣ Silver #XAGUSD daily time frame 🪙 The price action on Silver contracts. The market is currently stuck between 2 trend lines, forming a classic symmetrical triangle formation. Before the release of the news, the market will most likely stay within the triangle, respecting its upper and lower boundary. US fundamentals this week can be a catalyst for a breakout. The side of the breakout will indicate you the future direction of the market. 3️⃣ #EURCAD daily time frame 🇪🇺🇨🇦 The market is approaching a significant confluence zone based on a recently broken horizontal support and a trend line. The broken structures compose a supply zone from where we may see a bearish movement. Patiently analyze the reaction of the price to that on lower time frames and look for a confirmation to sell. 4️⃣ #WTI CRUDE OIL 🛢️ The market is currently stuck between 2 horizontal structures within a narrow range. I will wait for a breakout of one of the structures to confirm where the market will go next. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
1
SILVER Expected Growth! BUY! My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 29.549 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 30.012 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
Bearish drop?Silver (XAG/USD) has reacted off the pivot and could potentially drop to the 1st support which acts as a pullback support. Pivot: 30.73 1st Support: 29.82 1st Resistance: 31.36 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