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XAG USD ( Silver / US Dollar)

Bearish drop?XAG/USD has reacted off the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially drop to our take profit. Entry: 31.12 Why we like it: There is an overlap resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 31.48 Why we like it: There is a pullback resistance level. Take profit: 30.25 Why we like it: There is an overlap support level which is slightly above the 50% 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
Silver's Bullish Rebound from $29.00 Support Silver has shown a robust recovery, bouncing back strongly from the crucial support level of $29.00, which is in confluence with the 50% Fibonacci retracement level from the last swing. This resurgence in the white metal's price is noteworthy, especially considering the recent United States (US) Retail Sales data. The retail sales grew meagerly by 0.1%, which was slower than the expected 0.2% increase and follows a 0.2% contraction in April. Despite this lackluster economic indicator, silver has managed to gain ground. Adding to the positive outlook, there is a divergence on the stochastic indicator, suggesting that further gains could be on the horizon. Historically, silver tends to enter a bullish phase starting in July, often reaching new highs during this period. This seasonal trend adds further support to the potential for silver's upward movement. In anticipation of market fluctuations, we have set a limit order to take advantage of any deeper retracements. However, our overall perspective remains decidedly bullish. We expect silver to continue its upward trajectory, potentially making new highs and possibly retesting the $35 area. This strategic positioning aligns with historical patterns and technical indicators, reinforcing our confidence in silver's bullish prospects. Investors should keep a close eye on market developments and be prepared to capitalize on the anticipated rise in silver prices.
OANDA:XAGUSDLong
by FOREXN1
1
Could Silver bounce from here?The price is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 31.12 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Stop loss: 30.73 Why we like it: There is a pullback support level. Take profit: 31.74 Why we like it: There is a pullback resistance. 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:XAGUSDLong
by VantageMarkets
Silver could be heading to a new 2024 highFollowing the release of today’s weaker-than-expected US CPI report, the US dollar slumped and bond prices rallied. This helped to fuel a fresh rally in precious metals. As well as silver we saw big gains for the small-cap Russell 2000. With rate cut expectations on the rise, our silver forecast remains positive. Given the recent break out from the bull flag pattern, silver could be heading above $32.50, the high from May. But the potential is there for a massive continuation thereafter, with $35 being the next immediate target. By Fawad Razaqzada, market analyst at FOREX.com
FOREXCOM:XAGUSD
by FOREXcom
XAGUSD: Riding the Bullish MomentumOverview: XAGUSD (Silver / U.S. Dollar) is currently in a strong uptrend, fueled by both technical and fundamental factors. Here's a comprehensive look at why silver is trending upwards and how you can potentially capitalize on this movement. Technical Analysis: Descending Triangle Breakout: The chart shows a clear descending triangle pattern, which is typically a bullish continuation pattern. The recent breakout above the descending trendline indicates a significant shift in market sentiment from bearish to bullish. This breakout is confirmed by increased trading volume, indicating strong buying interest and confidence in the uptrend. Higher Highs and Higher Lows: Since the breakout, XAGUSD has been forming higher highs and higher lows, a classic sign of an uptrend. This pattern suggests that buyers are consistently pushing the price higher, overcoming any selling pressure. Support and Resistance Levels: The price has recently broken above previous resistance levels around $30.50-$31.00, which have now turned into support. This flip from resistance to support further reinforces the bullish outlook. Moving Averages: The 50-day moving average is trending upwards, potentially providing dynamic support to the price. The alignment of price above moving averages indicates strong bullish momentum. Fundamental Analysis: Weakness in the US Dollar: A weaker US Dollar often supports higher silver prices since silver is priced in USD. Recent macroeconomic factors, such as dovish monetary policy or concerns about the US economy, have likely contributed to the decline in the USD, benefiting silver. Inflation Concerns: Rising inflation expectations drive investors towards precious metals like silver, considered a hedge against inflation. Increased demand for silver as a safe-haven asset supports higher prices. Industrial Demand: Silver's significant industrial applications, including in electronics and solar panels, boost its demand. Improved economic conditions and technological advancements further increase industrial demand for silver, supporting its price rise. Geopolitical Factors: Geopolitical uncertainties or tensions increase demand for safe-haven assets like silver. Investors often seek the relative safety of precious metals during times of geopolitical instability. Market Sentiment: Positive Market Sentiment: Investor sentiment towards silver has been positive, indicated by increased trading volumes and bullish price action. Positive sentiment is often driven by expectations of future price gains and favorable macroeconomic conditions. Trade Setup: Entry Point: Look for a pullback to the breakout level around $30.50-$31.00, which should now act as support. Enter a long position if the price shows signs of bouncing off this support level. Stop Loss: Place a stop loss below the recent swing low, around $30.00, to protect against a false breakout. Take Profit: Target the next major resistance level around $33.50-$34.00, based on historical resistance levels and the measured move from the breakout of the descending triangle pattern. Risk Management: Ensure a risk-to-reward ratio of at least 1:2. Adjust position size to manage risk within acceptable limits. Conclusion: The uptrend in XAGUSD is driven by a combination of strong technical signals and supportive fundamental factors.
ICMARKETS:XAGUSDLong
by felixfenix
DAILY FOREX MARKET WATCH: SILVER IS BULLISH!Silver is the market analyzed. After respecting the W +FVG, a bullish BOS followed. The D1 shows another +FVG was formed, a bullish indication. I am looking for the D1 +FVG to be tested before price heads higher. It would be a great POI to long from. If you like the video, give a thumbs up and subscribe! And thanks! May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX_MINI:SIL1!Long
by RT_Money
Silver Forecast: A Potential 10,000 Pip Surge on the Horizon!I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why: Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term. From a strictly technical standpoint, as mentioned, we've been stuck in a range for over a year, with a clear resistance level around the $26 zone. If the bulls manage to break above this significant level, considering the one-year-long accumulation, I believe we could witness an explosive rise that might propel Silver to $35, with a potential pit stop at interim resistance around $30.
OANDA:XAGUSDLong
by Mihai_Iacob
12
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD HELLO TRADERS Tendency under bullish pressure after the price create a bullish flag pattern TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line around 30.84 and 31.49 , indicates selling have already increase this level , so if the price stable turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 29.39 and 28,88 , indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 30.05 , after rising to the resistance level around 30.84 , then stable above this level reach 31.49 , if the price breaking turning level reach a support level at 29.39 , then stabilizing below this level reach a 28,88 TARGET LEVEL : RESISTANCE LEVEL : 30.84 , 31.49 SUPPORT LEVEL : 29.39 , 28,88
OANDA:XAGUSDLong
by ArinaKarayi
SILVER My Opinion! SELL! My dear friends, Please, find my technical outlook for SILVER below: The price is coiling around a solid key level - 31.223 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 30.522 Safe Stop Loss - 31.696 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
Silver: Thoughts and Analysis Today's focus: Silver Pattern – resistance stall, continuation Support – $28.70 Resistance – $31.30 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue? We have run over what we are looking for to confirm this and some warning signs to watch out for as well. Good trading.
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EIGHTCAP:XAGUSDLong
by Eightcap
4
XAGUSD SILVER Robbery Plan To Loot MoneyMy Dear Robbers / Traders, This is our master plan to Heist XAGUSD Silver market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Stop Loss : Recent Swing Low using 3h timeframe Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
CAPITALCOM:SILVER
by Thief_Trader
#SILVER: Time for another bullish move? Comment down your views!OANDA:XAGUSD Price is in sideways in smaller timeframe, possible price was waiting for fed decision on interest rates, however, the news came out to be mixed. It is still not (100%) clear that the price will rebound straightforward. Likely, we will see mix price actions in coming time. Good luck and trade safe. **Trade safe and if you like the idea and matches your bias, like and comment the idea, for more follow us** Team SetupsFX_
TVC:SILVERLong
by Setupsfx_
6
Trading Signal For XAGUSD Silver Trading Setup: There is a Trading Signal to Buy in XAGUSD OANDA:XAGUSD Silver 4h Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 29.6 ⭕️SL @ 28.8 🔵TP1 @ 32.2 🔵TP2 @ 34.5 🔵TP3 @ 37.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAGUSDLong
by pullbacksignal