- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Silver Price Analysis: XAG/USD bears cheer Monday’s Doji below 50-DMA to target $20.00
Silver Price Analysis: XAG/USD bears cheer Monday’s Doji below 50-DMA to target $20.00
- Silver extends the previous day’s pullback from monthly low, grinds lower of late.
- RSI retreat, bearish candlestick keep sellers hopeful below $20.50 DMA hurdle.
- The previous resistance line from April puts a floor under the prices.
Silver price (XAG/USD) holds lower ground near $20.25, down 0.56% intraday heading into Tuesday’s European session.
In doing so, the bright metal justifies the previous day’s Doji candlestick after failing to cross the 50-DMA.
Also keeping the XAG/USD bears hopeful is the RSI (14) line that appears to have lost the further upside momentum.
However, the 23.6% Fibonacci retracement of the April-July downside, near $20.00, could restrict the quote’s immediate downside ahead of the resistance-turned-support line from April 18, close to $19.15 at the latest.
Should the commodity price drop below $19.15, the yearly low of $18.14 marked in July will regain the market’s attention.
On the contrary, recovery remains elusive until staying beyond the 50-DMA level surrounding $20.50.
Following that, the mid-June swing low near $20.90 and the $21.00 threshold may entertain silver buyers ahead of the highlighting the $22.15-20 resistance confluence including the 100-DMA and 50% Fibonacci retracement level.
To sum up, XAG/USD remains on the bear’s radar and can refresh yearly low but the south-run appears bumpy.
Silver: Daily chart
Trend: Further downside expected
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
