- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Silver Price Analysis: Break below key support is a bearish development
Silver Price Analysis: Break below key support is a bearish development
- Silver breaks below key support flipping the trend bearish.
- The Measured Move that formed has now completed with a stunted wave C.
- More downside is favored to a target at the May 2 low.
Silver (XAG/USD) has broken below key lows in the $28.60s, reversed trend and extended its decline.
The precious metal had been rising in what looked like a Measured Move (MM) pattern, with a C wave that extended substantially higher towards a target in the mid-$34s, however, after rallying up to a peak at $31.76, Silver capitulated and came tumbling down.
Silver Daily Chart
Silver’s break below key support at $28.67 was a significant turning point in terms of the trend and now means the commodity is probably in both a short and medium-term downtrend. Since “the trend is your friend” the odds favor a continuation of this downtrend lower. The MM that was forming seems to have completed with a stunted wave C.
The next target lower is at $26.02 (May 2 low), with the 200-day Simple Moving Average (SMA) just a little below at $25.85 also likely to provide support.
The Relative Strength Index (RSI) momentum indicator is not yet oversold suggesting Silver has more scope to fall.
© 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
