Silver has recovered in anticipation of an electoral victory for Biden in the United States. DXY declines trading below the 93 level before the Federal Reserve’s interest rate decision. Precious metals rebounded as markets priced in a Joe Biden victory in what has been a razor-sharp American election. The US dollar fell from 93 to […]
Tag: XAGUSD
XAG / USD experiences a strong rally after testing the $ 23 level
XAG / USD has reversed its direction after falling to a monthly low on Thursday. A daily close above the 100-day SMA could open the door for additional gains. The $ 23 level is the critical technical support for silver. After suffering heavy losses on Wednesday, XAG / USD extended its decline on Thursday and […]
XAG / USD targets 100-day SMA after symmetrical triangle breakout
Silver prices look to extend the slide as they cling to the 21-day SMA. The XAG / USD has broken a symmetrical triangle on the daily chart. The drop looks more convincing amid a bearish RSI. Silver (XAG / USD) is moving within a familiar range on Wednesday, defending the $ 24 level as bears […]
XAG / USD remains between Fibonacci levels near $ 24.50
Silver is posting modest gains after closing in the red for three days. The price could struggle to overcome the $ 25.50 hurdle any time soon. After closing the previous three trading days in negative territory, the pair XAG / USD it experienced a rebound on Tuesday and was last seen gaining 0.71% on the […]
Is XAG / USD preparing for a rally towards the $ 26 level?
Silver bulls are picking up pace ahead of the next move up. XAG / USD has achieved a descending wedge breakout on the 1 hour chart. The 100 hourly SMA offers immediate resistance, with a bullish RSI. Silver (XAG / USD) is testing the resistance of the downward sloping 100 hourly moving average at $ […]
