According to strategists at ABN AMRO, the price of gold in US Dollars could be set to ease slightly to $2000 in 2023, before rallying in value to $2200 in 2024.
Of course, one of the biggest advantages to include gold in your portfolio is to hedge against inflation.
Despite a rally of over 10% this year, the price of gold may face limited upward movement from...
XAGUSD / 1D
Hello traders, welcome back to another market breakdown.
Silver has reversed from a KEY level. Which suggets a high probability of lower prices to see. I'll be waiting for the neckline to be tested from a technical point of view.
Trade safely,
Trader Leo
Hello Traders,
Hope you all are doing good!!
I expect XAGUSD to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
According to strategists at ABN AMRO, the price of gold in US Dollars could be set to ease slightly to $2000 in 2023, before rallying in value to $2200 in 2024.
Of course, one of the biggest advantages to include gold in your portfolio is to hedge against inflation.
Despite a rally of over 10% this year, the price of gold may face limited upward movement from...
XAGUSD is back on ACCUMULATION MODE.
Buyers are back on their positions based on 4H data. Net buy Volume has started coming in.
Expect some bounce from the current price range of 24.00
TAYOR
safeguard capital always.
Hello,Traders!
SILVER was trading in an
Uptrend but now we are
Seeing a bearish breakout
Of the key horizontal level
Of 24.8 and the breakout is
Confirmed so we are bearish
Biased and after the likely
Pullback and retest we
Will see a move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Spot Silver dropped this past week about 6.5 % from its high early in the week. On the
15-minute chart the drop occurred over three days. XAUUSD is now underneath the POC line
of the volume profile as well as the negative bands of the mean anchored VWAP. The Mass
Indicator and faster / slower MA ratio indicator are both near the zero line showing...
My dear followers ,
XAGUSD looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 23.959
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 23.229
My Stop Loss - 24.376
About...
the movement of silver looks bearish, but in my opinion this bearish is a correction from the bullish trend, this analysis will fail if the price drops more than the invalid area. we can take the opportunity to sell when the price of a possible correction rises in the SR Flip area
✅SILVER broke the key
Horizontal level of 24.7$
And the breakout is confirmed
So I am bearish biased now
And I think that we will see
A further move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
We bought Silver up to the top!
Now we have a retest of resistance and we are looking to sell this one!!
We are not yet touching the tip top of the wick from the last move up on the day chart but we are darn near about to touch!
Plan....
I have a sell limit order at the top of that wick with a very small stop loss....
I have also opened 2 sell orders that...
Some of the key commodity prices like copper, crude, gold and silver have fallen sharply today, because of two reasons. A rebound in US dollar has hurt buck-denominated assets, while concerns over China have weighed on the demand outlook for certain commodities. Both of these factors are unlikely to hold gold back from reach another record high, soon.
The latest...
Silver could potentially have this reaction of this strong level of support/resistance.
Broader outlook remains bullish as long as the breakout zone of $24.65 - $24.45 is not violated.
✅SILVER is now stuck inside
The parallel range and the
Price is making a pullback
From the resistance of 26$
And I am locally bearish baised
So I think that the price will
Go down to retest the support
At around the 24.8$ level
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Silver/ XAGUSD is at the top of an 8 month Channel Up.
So far the top structure resembles the previous one of December-January, with the 1day RSI descending on both.
Sell if a 1day candle closes under the MA50. Target the MA200 at 22.700.
Buy if it closes over the dashed trend line (current high). Target the Fibonacci 2.0 extension at 27.700.
Follow us, like...
The price of silver, represented by XAG/USD, has been indicative of the cautious market sentiment among traders in anticipation of the highly significant US inflation data, specifically the Consumer Price Index (CPI) for the month of April. As the early European session on Wednesday commences, the bright metal's price moves within a symmetrical triangle comprising...
