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XAG USD ( Silver / US Dollar)

Strifor || GOLD-13/03/2024Preferred direction: BUY Comment: For gold , the target that we gave at the beginning of the week was also fixed. Metals continue to maintain a strong buy-priority. Today, a further slight drawdown is expected towards the level of 2140 , after which there is a high probability of the formation of a balance with the lower limit at the level of 2140 , and the upper limit at 2200 . Scenario №1 is the main one at the moment, scenario №2 assumes a deeper downward correction. In both cases, the target is located near the level of 2200 . 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 || SILVER-13/03/2024Preferred direction: BUY Comment: Despite the temporary strengthening of the American currency against the backdrop of the US CPI , metals , like nothing else, retain a strong buy-priority. The current setup will only allow you to throw off “extra passengers” and recruit new sellers as a “resource” for new growth. Pressing the price towards the resistance at the level of 24.40 will most likely realize growth towards the level of 25 , at least. Silver currently has the strongest long setup, but other metals are also expected to rise. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
OANDA:XAGUSDLong
by Strifor
1
Silver D1 | Heading into resistanceSilver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 25.413 which is a swing-high resistance. Stop loss is at 26.400 which is a level that sits above the 161.8% Fibonacci extension level and a multi-swing-high resistance. Take profit is at 24.119 which is a pullback support. 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. 66% 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. 70% 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:XAGUSDShort
by FXCM
Strifor || USDCAD-13/03/2024Preferred direction: SELL Comment: The outlook for the US dollar against the Canadian dollar in the longer term is quite positive, but before this rise, which is likely to allow new highs in the 1.36000 area, the currency pair will test the area around the 1.34000 level. At the indicated support area, we expect the seller to stop and the beginning of medium-term growth towards the level of 1.36000. Thus, the immediate prospects will most likely develop in favor of sellers, and at the level of 1.34000 we can expect a reversal towards the level of 1.36000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || GOLD-Week StartingPreferred direction: SELL Comment: Metals continue to maintain a strong buy-priority, at least in the short term. A huge number of market players are trying to catch the highs and find the most profitable short entry point. However, the limit buyer continues to actively buy up all sales, thus no drop, especially any strong drop, is expected. For the coming week, we highlight two scenarios. The direction of trade will be in favor of sellers, but only after preliminary growth. In this case, the short entry points will be the most conservative, and at the moment this is the most important thing in the metals market. In the longer term, we can most likely expect the formation of a balance in the range of 2140 - 2200. 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 || GBPUSD-Week StartingPreferred direction: SELL Comment: The situation for the British pound is very similar to the situation for the euro. Here we also clearly continue to maintain sell-priority and continue to keep the trade short, according to the previous scenario. Within this week, we expect a fall to the level of 1.28000 , and against the backdrop of the liquidation of buyers who opened long trades after the breakdown of 1.28000 , we can expect a further fall below this level. In other words, we are dealing with a possible false breakout. Scenario №2 is a backup scenario, according to which, before falling to the specified targets, the instrument will first update the local maximum at the level of 1.29000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
XAGUSD Time to turn bearish.Silver (XAGUSD) almost reached the 25.000 Target that we set almost a month ago (February 15, see chart below) but as it seems to fail to touch the 0.786 Fibonacci level, it is time to take the profit earlier and turn bearish: At least this is what took place on July 20 2023, a rejection that started wave (e-f) back inside the High Volatility Zone that touched the 1W MA100 (red trend-line). This line has basically made contact with all corrective waves since the long-term Triangle pattern started on May 05 2023. As a result, taking also into account the 1D RSI which has almost hit the 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
Silver Testing 4H Channel Resistance; Bullish If BrokenSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, with final wave E in play, which can be in late stages now, so ideally prices will stabilize in weeks ahead. We can already see that the price on 4h time frame is turning up from projected 21.50-22.00 area, which is the first potential but strong support area for wave E. So if we are correct then metal can turn higher, but for confirmed bullish reversal we need an impulse out of a downward channel and through 23.50 lv.
SAXO:XAGUSDLong
by ew-forecast
Strifor || GBPUSD-NFP SetupPreferred direction: SELL Comment: As part of the upcoming strengthening of the American currency , as well as the upcoming NFP , we expect a fall in the GBPUSD currency pair. At the moment, the process of eliminating sellers is being completed, and in the very near future, the market will begin to actively buy at market prices. Thus, this will provide an opportunity for the limit buyer to fix long positions and drop the price. In addition, the area near the level of 1.28000 is a serious obstacle for the buyer, and within the framework of a long-term retest of the indicated resistance, it is most likely that the instrument will go for a correction. Scenario №2 assumes more medium-term parameters of the trade, if the preliminary upward movement turns out to be significantly greater than what we expect. We place the downside target at the level of 1.27100 , slightly above the liquid area at the level of 1.27000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: Previous long-trades in gold and silver have been completely fixed with profit, but short-trades are out of the question. At the moment, there is a strong limit buyer working for metals, and most likely the price is heading to a historical maximum at the level of 2140 . This week is rich in the publication of economic data, so an approach to this target at the level of 2140 is not excluded at the moment. We highlight two main scenarios with a common target at the level of 2140 , after which we can try to enter a short-term sale. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
5
Strifor || GBPUSD-Week StartingPreferred direction : BUY Comment: The British pound continues to be the most promising major currency pair to rise amid so much accumulated selling. Here, we continue to adhere to the previous plan, and events strictly develop according to scenario №2 . The growth target is the level of 1.28000 , or more precisely the area near it, since most likely, as part of a long-term retest of the resistance at the level of 1.28000 , the price will rebound downwards. It should be noted that the long-term prospects for the British currency will most likely develop above the level of 1.28000 . 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 || EURUSD-Week StartingPreferred direction: BUY Comment: We continue to consider the euro in favor of buyers, especially until the target at 1.09000 is crossed. Above this level, there is a target of 1.10000 , which the pair may approach quite easily, since there is an accumulated resource for this. This potential movement will develop within the framework of scenario №1. Scenario №2 is quite different from Scenario №1 , although the direction of the deal is the same. The reason is that the next potential buying area is 1.07500 , and short trades are not yet considered by us. The likelihood of such an option is unlikely, but it cannot be excluded, and if something happens, we will actively use it. 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-05/03/2024Preferred direction: BUY Comment: As we wrote earlier in trading ideas for Gold with a perspective for this week, all long trades in metals were closed. However, this is not the end of the growth and most likely gold will go to the maximum at the level of 2140 , and silver to the resistance of 24.20 . Therefore, just like for gold , we are considering two long scenarios for silver , where, of course, scenario №1 is still more likely. We consider the target no higher than the level of 24.20 , since in this resistance area of 24.20 - 24.40 the instrument will either enter into consolidation or a downward correction will begin. 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 || USDCAD-05/03/2024Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not forget that this week we will have a decision from the Bank of Canada on the interest rate, which of course will affect this currency pair. The fall is currently expected towards the level of 1.35000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
Strifor || GOLD-06/03/2024Preferred direction: BUY Comment: Metals continue to be ahead of everyone, and here all the parameters for entering a long remained exactly the same, that is, at the beginning of the week, the setup for long remained the same, and we are actively trading according to scenario №1. At the same time, we are gradually approaching our target at the level of 2140 , where the historical maximum of gold is located. According to the same scenario №1 , near this level, one can consider a fairly effective setup for a rebound when the historical maximum is reached in the frameworks of the first test. One can count on a downward movement within the daily statistical norm for instrument movement, that is, ~2000 points . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1