Silver (XAGUSD) Price May Retest the Support Level of $25 Before Bullish Trend Continues – Cryptovibes.com – Daily Cryptocurrency and FX News

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


SILVER Weekly Price Analysis – January 03

After the retest, the price may continue its bullish movement to test or breakup the resistance level of $27 which may lead the price increase to $30 – $36. In case the current pullback touches the support level of $25 and the daily bearish candle close below the level, then the price may descend to touch the previous low level of $22.

XAGUSD Market

Key Levels:

Resistance levels: $27, $30, $36

Support levels: $25, $22, $19

 

XAGUSD Long-term Trend: Bullish

On the long-term outlook, XAGUSD (Silver) is bullish. The Silver price was range-bound two weeks ago within the support level of $22 and a resistance level of $25. Last week, on 17 December to be precise, the bulls gathered momentum that is enough to break up the resistance level of $25 and the price increased towards the resistance level of $27. Last week market closed with a daily bearish candle which may be a pullback before the continuation of bullish momentum.

The 21 periods EMA has crossed the 50 periods EMA upside. The price has crossed the two EMAs upside and it is trading above the two. After the retest, the price may continue its bullish movement to test or breakup the resistance level of $27 which may lead the price increase to $30 – $36. In case the current pullback touches the support level of $25 and the daily bearish candle close below the level, then the price may descend to touch the previous low level of $22. The Relative Strength Index period 14 is at 70 levels with the signal lines pointing down to indicate sell signal which may be a pullback.

 XAGUSD Medium-term Trend: Bullish

XAGUSD is on the bullish movement in the medium chart. The price broke out at the resistance level of $25 last week after several days of consolidation. The price moves towards the resistance level of $27 but yet to reach the mark before the Bears interrupt the increase and the price started consolidation at the level.

The 21 periods EMA has crossed the 50 periods EMA upside and the price is trading above the two EMAs. The Relative strength Index period 14 is at 60 levels with the signal lines pointing down which indicates sell signal.

Please note: Cryptovibes.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Source link

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close