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Siver

GOLD TRADE IDEA 02 MARCHYesterday gold extended the bullish pullbacks that started tuesday after we bounce off the strong demand zone 1800's liq zone and got bad US data. As today was the first day of the new business month, we knew that deeper pullbacks in to better supply zones on the intraday to set up price for the new month was probable ISM manufacturing PMI came out above previous but below consensus at 47.7. This data was more neutral but the ISM new orders and ISM prices both came out strongly improved, which led to some short dollar strength. On gold with this data we made a new high of 1844 but unable to break above. If price breaks above 1836 Pwe might see some deeper pullbacks in to the 1850's to collect more sell orders at better price points for the new month. In terms of economic data tomorrow we have: > Initial Jobless Claims (previous 192K, consensus 195K). > Fed Waller Speech (22:00 CET). TRADE IDEAS FOR THE DAY, We have a short term bias of gold buys we in long term we are still into gold sells, Pullback to 1832 & 1836 is gold buys Targeting 1852 We will be looking to sell only below 1828 and on higher time frame pullback to 1852. And in NYSE we have jobless claims data if data comes extremely disappointing we will adopt to gold buys above 1855.
FOREXCOM:XAUUSD
by Fxoverseas
💡SILVER (XAGUSD) - Weekly Technical Analysis Update Midterm forecast: 25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 25.75 is broken. Technical analysis: A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 64. Take Profits: TP1 @ 25.75 TP2 @ 26.60 TP3 @ 28.30 TP4 @ 29.85 TP5 @ 33.45 TP6 @ 37.50 TP7 @ 44.20 TP8 @ 49.80 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
22
GULD free monies... inverse head and shoulders on 4hr(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually) Greetings investors, traders, speculators, technicians. im looking to throw out another bone with MASSIVE MEAT on it like previous trades: GULD, SILVER , OIL , etc. (that OIL trade what a SPECTACULAR TRADE...) NOTE: yes, we know there is no 100% guarantees, BUTTA when the price action on the chart just comes out and speaks to you, and tells you to tek da monies, TEK DA MONIES... as we wait on DOW DJI to close CME GAP at ~ 27000 and potentially dump there after, GULD is looking to bump up to recent HIGHS... a decently strong inverse head and shoulders is being printed on 4hr... get on some leveraged GULD and SILVA , since we know SILVA will also run with its brudder... NUGT/ JNUG AND USLV to boot. of course we are looking at technicals, but this price action is founded HEAVY in macro economics, so we may just decide to punch through recent highs and go into next resistance areas higher up on chart... will add resistance points later, but we were just looking at getting this out in a timely fashion, even though the paint was sufficiently dry in yesterdays session. GET READY, GET SET, gOOOOOOOO
TVC:GOLDLong
by merochero
1
#Silver has tested upper range of the descending channel 17.50Siver (XAGUSD) has tested upper range of the descending channel for the first time since September 2016. The channel has been valid for 6 month. Silver is currently trending above the dynamic barrier 17.45 and may continue uptrend targeting 17.80 and 18.20 (marked on the chart). If XAGUSD returns in the channel (we need to see a close below 17.40 for confirmation) it would signal a short opportunity targeting 16.60 (static support). This scenario is possible taking into consideration silver's price action during 22-23 September, when XAGUSD had been trading above the channel range for two consecutive days.
FX:XAGUSD
by rauan
1