{"id":162378,"date":"2019-12-24T10:30:49","date_gmt":"2019-12-24T15:30:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162378"},"modified":"2019-12-24T07:40:34","modified_gmt":"2019-12-24T12:40:34","slug":"xagaud-analysis-silver-prices-rise-amid-us-china-talks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/xagaud-analysis-silver-prices-rise-amid-us-china-talks\/","title":{"rendered":"XAGAUD Analysis: Silver prices rise amid US-China talks"},"content":{"rendered":"<div id=\"inves-4150189726\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 24, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Silver prices rise amid US-China talks<\/strong><\/p>\n<p>In this review, we suggest considering the personal composite instrument (PCI) \u00abXAGAUD\u00bb. It reflects the price dynamics of silver against the Australian dollar. Is there a possibility for the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/personal-instrument-pci\/xagaud\">XAGAUD<\/a> to rise?<\/p>\n<p>Such dynamics are observed in case of an increase in silver prices and the weakening of the Australian dollar. Particularly important information before Christmas and New Year holidays is not expected. Significant macroeconomic data in Australia will be released only on January 9, 2020 &#8211; the trade balance for November. The meeting of the Reserve Bank of Australia will be held on February 4, 2020. US-China trade talks progress may affect the dynamics of the Australian dollar. China buys a significant portion of Australian raw materials. Precious metals prices also depend on the success of negotiations between the United States and China. In November, Chinese GDP grew by 6% year over year, which has been the smallest increase over the past 30 years. Some investors consider precious metals, including silver, as safe-haven assets in case of risks of a slowdown in the global economy.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/23-12-2019.png\" alt=\"XAGAUD\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>XAGAUD: D1<\/b> breached up the resistance line of the downtrend. Before that, it bounced from the 50% Fibonacci retracement level and the 200-day moving average line. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of high demand for silver and the weakening Australian dollar.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic indicator<\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/bolinger-bands\">Bollinger bands<\/a> have narrowed, which indicates low volatility. The upper Bollinger band is titled upward.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator<\/a> is above 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>XAGAUD<\/b> exceeds the two last fractal highs and the upper Bollinger band at 25.35. This level may serve as an entry point. The initial stop loss may be placed below the 200-day moving average line, the Parabolic signal, the 2 last fractal lows and the lower Bollinger band at 24. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (24) without reaching the order (25.35), we recommend closing the position: the market sustains internal changes that were not taken into account.<\/p><div id=\"inves-497285426\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 25.35<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Silver prices rise amid US-China talks In this review, we suggest considering the personal composite instrument (PCI) \u00abXAGAUD\u00bb. It reflects the price dynamics of silver against the Australian dollar. Is there a possibility for the XAGAUD to rise? Such dynamics are observed in case of an increase in silver prices and the weakening [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-162378","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=162378"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162378\/revisions"}],"predecessor-version":[{"id":162397,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162378\/revisions\/162397"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}