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Silver

Silver's Ready to Shine? The Silver showing good bullish sentiment as the price has shown resilience by bouncing off significant support and breaking through resistance levels. Expecting a move towards 34.0000 is is possible if buyers defend 29-30 level on daily TF, especially if the price can maintain above the recent highs and continue to show higher volume on upward movements. The price has recently moved through a liquidity zone around 30.51025, suggesting that smart money might have taken advantage of this area to initiate trades, pushing the price higher. The volume at the recent low was significantly higher , indicating strong buying pressure at this level, which is positive for a bullish outlook. So i think it is good idea to consider a swing buy at current price level i.e., around 30-30.35 area for the target of 34,40 and 50.
OANDA:XAGUSDLong
by TheGoldenCircle
Gold silver Outlook next week Our Spot #Gold Range Prediction from 13/01/2025 to 18/01/2025 is as under. Gold Spot :2605$-2710$ Gold INR : 76200-78800 Our Spot #Silver Range prediction from 13/01/2025 to 18/01/2025 is as under. Silver Spot: 28.30$-30.80$ Silver INR: 86450-92900 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDShort
by santoshshukla1996
Building Emotional Intelligence in Trading: Your Edge for 2025 Emotional intelligence (EQ) is often the unsung hero of successful trading. It involves understanding your emotions and those of others to enhance decision-making, manage stress, and navigate the often tumultuous financial markets. Here's how to leverage EQ to improve your trading outcomes in the coming year: 1. Self-Awareness - Know Your Emotional Triggers: Concept: Recognize what emotions drive your trading decisions. Are you prone to fear, greed, or overconfidence? Application: Keep a trading diary where you note not just your trades but your emotional state before, during, and after each transaction. This can reveal patterns in how emotions affect your trading. 2. Self-Regulation - Control Impulsive Reactions: Concept: Manage your reactions to market movements to avoid knee-jerk trades. Application: Set pre-defined rules for when to trade and when to step back. Use techniques like deep breathing or stepping away from the screen to calm down during high volatility. 3. Motivation - Stay Driven by Your Goals: Concept: Use intrinsic motivation to keep your focus on long-term goals rather than short-term gains or losses. Application: Define clear, long-term trading objectives and remind yourself of these goals when facing setbacks. Celebrate small wins to maintain motivation without becoming complacent. 4. Empathy - Understand Market Sentiment: Concept: Gain insight into how others perceive the market, which can be as crucial as technical analysis. Application: Monitor market sentiment through news, social media, and community discussions. This broader perspective can help you anticipate market moves based on collective behavior rather than just individual analysis. 5. Social Skills - : Concept: Build and leverage relationships with other traders for mutual growth and support. Application: Engage in trading communities, share your insights, and learn from others. Networking can provide emotional support, new strategies, and a sense of belonging which is vital during tough market conditions. Practical Steps for Enhancing EQ in Trading: Regular Reflection: Dedicate time weekly to reflect on your emotional responses to trades. What went well emotionally? What could be improved? Mindfulness Practices: Incorporate mindfulness or meditation into your routine. This can aid in maintaining focus and managing stress, both critical in trading. Emotional Check-ins: Before making a trade, do a quick emotional check. Are you feeling pressured, excited, or calm? Adjust your approach accordingly. Scenario Planning: Visualize different market scenarios and your emotional responses to them. This mental preparation can help in real-time decision-making. Continuous Learning: Read about behavioral economics or psychology related to trading. Books like "Thinking, Fast and Slow" by Daniel Kahneman can offer profound insights.
OANDA:XAUUSD
by TheGoldenCircle
Gold Trading Strategy for 25th November 2024Gold Trading Strategy: Buy Above 2,725 / Sell Below 2,694 Current Price: 2,716.335 USD Key Levels: Buy Signal: If the price closes above 2,725 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,694 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling. Support and Resistance Levels: Resistance: 2,750 and 2,766 Support: 2,684 and 2,662 Market Analysis: The current price is around 2,716.335 USD, indicating potential for both bullish and bearish activity based on the key levels. Pay close attention to the range between 2,694 to 2,725 for support and resistance levels. Recommendations: Buy: If the price sustains above 2,725 on the one-hour candle close, consider entering long positions. Book partial profits at 2,735 or use a trailing stop loss to protect your profit, with targets at 2,750 and 2,766. Sell: If the price breaks below 2,694 on the one-hour candle close, consider short positions. Book partial profits at 2,785 or use a trailing stop loss to protect your profit, with targets at 2,680 and 2,662. Disclaimer: This trading strategy is for educational purposes only and does not constitute financial advice. Trading in financial markets, including gold, carries a high level of risk and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading decisions. Always conduct your own research and seek advice from a qualified financial advisor before investing. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
Silver’s breaking out of a multi-year consolidation?Silver’s breaking out of a multi-year consolidation? Sure, the charts are giving you that breakout signal—a classic rounding bottom pattern. It’s a textbook setup. But I’m telling you right now, don’t get pulled into the hype. Silver isn’t your safe haven; that’s Gold’s job. When the world’s a mess, people don’t run to Silver. They run to Gold. Silver thrives when the global economy is expanding, when there’s industrial demand driving it. But let me remind you where we are: recession fears, global instability, geopolitical tensions. None of that screams “strong economy” to me. You’re not betting on Silver breaking out of a chart pattern—you’re betting on a world that’s heading into turbulence. And the world today isn’t sending the message that industrial demand for Silver is going to boom anytime soon. So, unless you think we’re suddenly going to shake off all this uncertainty, you’re just gambling on hope. Right now? The market doesn’t justify Silver. Gold is your shield when the storm hits. Silver? Not so much.
OANDA:XAGUSD
by breakout_ninja
Silver DivergenceDivergence and Gold/Silver Ratio Gold and silver are thought to move together, and often they do. There are periods where the Gold Trust (GLD) and Silver Trust (SLV) move in opposite directions and periods where one metal outperforms the other. Gold is currently outperforming silver. Such discrepancies occur and are monitored by the gold/silver ratio. The gold/silver ratio shows how many ounces of silver it takes to buy an ounce of gold. Since 1975, the average is near 60; right now it stands near 80 ($1,187 divided by $14.99). While gold outperformance, or silver's underperformance relative to gold, was very noticeable in early 2016, this has actually been going on for a long time. The outperformance has become even more pronounced since 2016. To start 2016, gold traded at $1,069 and silver at $13.80 -- the gold/silver ratio of 77.5. As of Oct. 2018, it's at 80. Gold prices have risen relative to silver prices quite steadily for years. This is mainly due to silver price weakness since peaking near $50 in 2011 (when silver outperformed gold).
NSE:BANKNIFTYEducation
by SkyTradingZone
Silver is going to continue the rally Up as Historic Trend showsChart Understanding: -- XAUUSD is price of 1 ounce of Gold in USD. Also known as Spot gold price chart. -- XAGUSD is price of 1 ounce of Silver in USD. Also known as Spot Silver price chart Spot Gold to Spot Silver price ratio of last 20 years shows how silver will trend in the near future. -- When graph goes down, Silver rises. Analysis -- Last time when silver was at an all time high $34 USD/ounce, the ratio was at 46:1. -- The ratio fell below the lower band and thus silver prices fell as mean reversion came to effect. -- This time, when silver is at $34 USD/ounce, the ratio is at 79:1. -- If mean reversion will happen this time, then it means silver still has a lot of price hike to catch to attain that. -- If ratio of 66 is to be attained, keeping gold price constant, the silver price needs to increase to $41.5 USD/ounce, which is an increase of roughly 23% from current price. As such, silver seems to be a better bet in the current uncertain times to give good returns compared to gold. The historical valuation of both precious metals show that silver has long been lost in the valuation race and has lot to catch. "A historical analysis by the World Gold Council shows that despite gold’s current higher market value, silver’s intrinsic value is higher due to its relative rarity — five times less abundant than gold (World Gold Council, 2023). As historical and intrinsic value factors realign, silver’s price could adjust to reflect its true worth, potentially exceeding gold’s value in the (distant) future."
OANDA:XAUUSDLong
by fvs99
2
CPI news: Will it reach a new peak or maintain a sideways range?Market analysis for XAUUSD trading on September 11, 2024: The trading session on September 10, 2024, continued the upward trend of gold, with corrective movements unable to change the direction. However, the H4 timeframe is currently in a sideways range; the area between 2525 - 2531 remains very strong. It is highly likely that during the Asian session, this resistance zone will not be broken. Today's trading trend is: BUY. Key price areas to note: BUY zone: 2500 - 2505 and 2510 - 2513. SELL zone: 2525 - 2531 and 2538 - 2542. Recommended orders: Plan 1: BUY XAUUSD zone 2510 - 2512 SL 2507 TP 2515 - 2520 - 2525 - 2530. Plan 2: BUY XAUUSD zone 2500 - 2502 SL 2497 TP 2505 - 2510 - 2515 - 2525. Plan 3: SELL XAUUSD zone 2525 - 2527 SL 2530 TP 2522 - 2517 - 2512 - 2505. Wishing you all a successful trading day.😘😘😘😘😘😘😘😘😘
OANDA:XAUUSDShort
by oakpotshy