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XAG USD ( Silver / US Dollar)

Strifor || GOLD-Mid-term viewPreferred direction: SELL Comment: Metals still maintain a strong position in the market, but everything comes to an end, and a likely downward correction is just around the corner. In the short term, growth is expected in order to update the high, and in the mid-term, shorts are expected. Mainly, a short-term upward movement will be made with the aim of updating the maximum at the level of 2220 . The main scenario for medium-term sales involves just a slight update of the maximum at the level of 2220 ( scenario №1 ). After this maneuver, we can expect a fall towards the level of 2150 and even towards 2100 . Less likely, scenario №2 involves a fall in prices as much as possible from current prices. The goals in both scenarios are at the same level. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDShort
by Strifor
1
Strifor || EURUSD-28/03/2024Preferred direction: BUY Comment: Today and tomorrow are the most active days in terms of the economic background. We continue to expect a medium-term reversal of the US dollar and continue to accumulate long positions against the American currency. Previously, we highlighted two scenarios for EURUSD , where scenario №1 is already in progress. But there remains a high probability of a short-term strengthening of the US dollar, in connection with this scenario №2 for the EURUSD currency pair remains, and we are waiting for a likely approach to the level of 1.07600 . The first growth target is located at the level of 1.09000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || USDJPY-Mid-term viewPreferred direction: BUY Comment: The Japanese yen continues to be the weakest currency among the majors. Buy priority for the USDJPY currency pair has not only a medium-term framework, but also a long-term one. The reason for this is the low rate and the inaction of the Central Bank of Japan . You can't achieve anything with words. The current squeeze towards the maximum of the previous year in the near future may push the price to the level of 154 . The more likely scenario №1 is already in the works. Scenario №2 - assumes a preliminary fall towards the level of 150 , which is unlikely. Using two scenarios simultaneously and reasonable risk management, you can safely accumulate a medium-term long position with a target at level 154 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || SILVER-26/03/2024Preferred direction: BUY Comment: Metals also look good for long-trade at the beginning of this week, but buyers here will most likely have more difficulties than on the same currency pairs. A more likely scenario, especially for silver , is to first fall below local support before rising. This maneuver made it possible to rid the market of "spare buyers" and attract more sellers. In turn, this allows, with new forces (updated resources), to make a breakthrough towards the local maximum at level 26 . The above assumption is fully consistent with scenario №1. Scenario №2 is also in our arsenal, but in this case the trade volume is less than in scenario №1 , since the likelihood of such a maneuver being realized is much less. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: In the coming week, gold is expected to approach the level of 2150 , to which all attention was focused a little earlier, and as a result, it was from this support that we recorded another maximum for the metal. However, despite the expected weakening of the US dollar , the metal will, at best, trade near its highs. We highlight two main scenarios for this week, both aimed in favor of the buyer. As a target, we consider the level of 2200 , and a more likely scenario for this growth is shown in the chart called "scenario №1" . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || NZDUSD-26/03/2024Preferred direction: BUY Comment: Within frameworks this week, we've been following the buy-priority on the main currencies that compete with the US dollar . It can be assumed that the long-term outlook will most likely be positive for the American currency, but the medium term will most likely take place within the framework of a downward correction for this currency. One of the most promising currency pairs for long, today, is NZDUSD . Here, as expected, the instrument is aimed at updating the local maximum at the level of 0.61000 , in order to eliminate active market sellers who are increasing their positions in the market. More likely scenario №1 says that the instrument will begin to grow as much as possible from current prices. Scenario №2 may be relevant against the backdrop of the publication of data that we are also expecting this week (data from the USA). On the way to this goal, buyers will have some problems at the level of 0.60713 , which has previously demonstrated itself as support, and at the moment as resistance. Longer-term prospects are unlikely to be bright for buyers of this currency pair, and growth today is expected to be no higher than 0.61490 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Waiting for positive correlation between gold and dollarDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody Possibility of reversal in the side pattern
EIGHTCAP:XAGUSDLong
by mehdi47abbasi79
XAGUSD DEMAND ZONE READ DESCRIPTIONSilver (XAGUSD) is currently positioned within a critical support and demand zone, ranging from 24.5 to 24.7. This zone represents a significant area where buyers are anticipated to be active, potentially leading to a reversal in price action. Considering the trading sentiments from the last week, which recorded 6 sell signals, 10 neutral signals, and 28 buy signals, there seems to be a notable bias towards buying. The data from the last week's trading sentiments suggest that while there were some sell signals, they were outnumbered by buy signals, indicating a prevailing bullish sentiment in the market. The larger number of buy signals indicates a significant interest among traders to enter long positions, particularly at the current support and demand zone. It's important to understand the implications of these trading sentiments within the context of market psychology. When a significant number of traders express a bullish sentiment, it often reflects an underlying confidence in the asset's potential for appreciation. In the case of silver, the presence of a considerable number of buy signals suggests that traders perceive the current price levels, particularly within the support and demand zone, as attractive for initiating long positions. However, it's crucial to exercise caution and consider other factors beyond just trading sentiments. While sentiments provide valuable insights into market psychology, they should be complemented with thorough technical and fundamental analysis. Factors such as macroeconomic data, geopolitical events, and changes in supply and demand dynamics can also influence the price of silver. In conclusion, the trading sentiments from the last week, indicating a higher number of buy signals compared to sell signals, suggest a potential buying opportunity for silver, especially within the identified support and demand zone. Traders should carefully analyze all available information and employ proper risk management strategies before making trading decisions.
OANDA:XAGUSDLong
by MOAZAM1133
Natural Gas Price Forecast | DXY Crude Oil Silver Gold Analysis#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil Natural Gas Price Forecast | DXY Crude Oil Silver Gold Analysis 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:05 AMEX:UNG Stock Forecast 06:50 USO Oil Stock Forecast 08:22 DXY US dollar Stock Forecast 09:49 Gold XAUUSD Stock Forecast 11:17 Silver XAGUSD
NYMEX:NG1!Long
by ArcadiaTrading
1
Gold | Continuing the downward trend or hitting a price ceiling!Gold is in a downtrend with decreasing prices. The important support range we have is 2150 - 2155. Gold has tested this support several times over the past 2 days and the strength of the support is very high and has not been broken. Now we need to see the reaction of this range for the coming week. Considering the formation of a descending triangle pattern by the trend line and this support, we should expect the breakdown of one of these. If this support is to be broken, we expect a strong price decrease in gold to 2132 and below. But if the downtrend line is broken, our first target will be 2195 and then higher at 2148 (hitting a new price ceiling). 📉📈
OANDA:XAUUSD
by ChartSavant
4
Silver (XAGUSD): Starting to go up!Silver (XAGUSD): OANDA:XAGUSD In Silver, we believe we have formed the low with Wave 2 at $21.93. Since then, we've developed Waves (i) and (ii), and now likely Wave (iii) as well. It appears we've caught up with Wave (5) at the 50% extension level at $25.36. Should we now drop for Wave (iv), we expect it to be in the range between 38.2% and 61.8%, more precisely between $24.12 and $23.30. The $23.30 level is also our invalidation level, as that's where the stop of Wave (i) is located. Initially, we believe we will accept the support zone at the subordinate Wave (4) for the overarching Wave (iv). We see this as a very interesting zone and, looking upwards, we believe we will head towards the $26 mark.
OANDA:XAGUSDLong
by freeguy_by_wmc
SILVER Will Explode! BUY! My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 24.916 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 25.205 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
XAGUSD Rejection at the top of the 1 year pattern. Huge SELL.Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern: On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility Zone and touched the 1W MA100 (red trend-line). This trend-line has made contact with all corrective waves of the long-term Triangle pattern. As a result, taking also into account the 1D RSI which has hit the exact 70.00 overbought barrier like on July 19 2023, we are now bearish and targeting 22.500 (expected contact with the 1W MA100). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1