简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In doing so, the bright metal steps back from a two-week high, flashed the previous day, by justifying the strength of a one-month-old horizontal resistance area surrounding $23.25.
Silver retreats from monthly resistance, snaps four-day uptrend.
RSI conditions hints at buyers exhaustion, three-week-old horizontal line adds to the upside filters.
Silver (XAG/USD) consolidates recent gains around $23.20, down 0.26% intraday during Thursdays Asian session.
Also challenging the XAG/USD bulls are the RSI conditions that dont back the recent highs.
Even so, silver sellers need to wait for a clear downside break of the 200-SMA level of $23.00 for fresh entries.
Following that, 61.8% Fibonacci retracement (Fibo.) of December-January upside, close to $22.65, may test the XAG/USD bears before directing them to the five-week-old support area near $22.00.
Meanwhile, recovery moves beyond the immediate hurdle around $23.25 isnt a green card to the silver buyers as a horizontal line from January 18, near $23.65, will challenge the upside moves to the $24.00 threshold.
Should XAG/USD remains firm past $24.00, its run-up towards January‘s high of $24.70 can’t be ruled out.
Silver: Four-hour chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Since the fourth quarter of last year, the strong trend of the U.S. dollar has intensified, and as we enter 2025, investors face a contradictory situation.
Find out how automating Forex and crypto trading is changing the game. Explore the tools, strategies, and steps traders use to save time and maximize profits.
INFINOX, founded in 2009 in London, UK, is a regulated online broker under the UK FCA. It offers diverse trading instruments like forex, stocks, commodities, indices, and futures. Clients can choose between STP and ECN accounts and access educational resources. With 24/7 customer support, INFINOX aims to empower traders with reliable tools and guidance.
The idea that astrology could influence success in the stock market may seem improbable, yet many traders find value in examining personality traits linked to their zodiac signs. While it may not replace market analysis, understanding these tendencies might offer insights into trading behaviour.