Silver Price Analysis: XAG/USD hangs near weekly low, bulls losing the grip below $24.00 Silver Commodities Technical Analysis XAGUSD
Mixed oscillators setup warrants some caution before placing aggressive directional bets.bounces off the weekly low touched during the Asian session on Wednesday and is currently placed in neutral territory, just below the $24.00 round-figure mark.
From a technical perspective, the recent price action witnessed over the past month or so constitutes the formation of an ascending channel, pointing to a short-term bullish trend. Moreover, the XAG/USD, so far, has managed to hold its neck comfortably above the 200-period SMA on the 4-hour chart. This, in turn, favours bullish traders and supports prospects for additional near-term gains.
That said, oscillators on the daily chart have been losing traction and have just started drifting in the negative territory on the 4-hour chart. Hence, any intraday move-up is more likely to confront some resistance near the $24.30 area, which is followed by the multi-month peak, around the $24.50 area. Bulls might wait for sustained strength beyond the said barriers before placing fresh bets.
The XAG/USD might then climb towards challenging the top end of the aforementioned trend channel, currently around the $24.80-$24.85 region. Some follow-through buying beyond the $25.00 psychological mark will mark a fresh breakout and pave the way for a further near-term appreciating move. This, in turn, could lift the white metal to the next relevant hurdle near the $25.35-$25.40 zone., currently around the $23.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Silver Price Analysis: XAG/USD remains on the defensive above $24.00, bullish potential intactSilver edges lower during the first half of trading on Tuesday, though lacks follow-through and remains well within the previous day's broader trading
続きを読む »
Silver Price Analysis: XAG/USD bulls retain control near multi-month peak, around $24.50Silver prolongs the positive trend for the third straight day on Monday and steadily climbs back closer to its highest level since April 22 touched ea
続きを読む »
United's new InFlight Training Center opens with a splashThe new center, which cost some $24 million, adds 56,000 square feet of classroom and...
続きを読む »
New $24M United Airlines training center opens in HoustonUnited's presence in the Houston area is expanding, with the opening of a new training center for flight attendants. The center, which cost some $24 million, adds 56,000 square feet of classroom and training spaces to United's existing training center.
続きを読む »
Silver Price Forecast: XAG/USD holds to gain but stalls around $24.50, tumbles to $24.20sSilver Price is registering minimal gains on Monday amidst a dull North American session. The absence of US traders sparked by the Martin Luther King
続きを読む »
WTI Price Analysis: Bulls press against daily trendline resistance, bears are lurkingOil has fallen in thin trade at the start of the week with US exchanges closed for the Martin Luther King, Jr, holiday. West Texas Intermediate spot i
続きを読む »