Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Bears’ pressure may increase in Silver market
SILVER Weekly Price Analysis – 25 November
An increase in the bulls’ momentum may lead to the breaking up of the $21 resistance level which may increase Silver to $22 and $23 resistance levels. The breakdown of the $20 support level may reduce the price to $19 and $17 levels.
XAGUSD Market
Key Levels:
Resistance levels: $21, $22, $23
Support levels: $20, $19, $17
XAGUSD Long-term trend: Bearish
XAGUSD is bearish on the long-term outlook. The white metal was on a bullish movement for the last two weeks. The bullish momentum increased and push the metal to the resistance level of $22. A daily bearish engulfing candle emerged. The support level of $21 was a broken downside and the $20 level was tested. The price bounced up and the price action is in the process of producing a Head and Shoulder chart pattern. This price pulled back and test the resistance level of $21.
Silver is trading slightly above the 9 periods EMA and 21 periods EMA at close contact. The fast-moving Average (9-periods EMA) is above the slow-moving average (21-periods EMA). An increase in the bulls’ momentum may lead to the breaking up of the $21 resistance level which may increase to $22 and $23 resistance levels. The breakdown of $20 support level may reduce the price to $19 and $17 levels.
XAGUSD Medium-term Trend: Bearish
XAGUSD is on the bearish movement on the 4-hour chart. The price action has formed a bearish chart pattern called the Head and Shoulder pattern. It is an indication that bears will dominate the market soon. The Price may decrease below the $20 price level when the sellers gain more pressure.
Silver price is trading below the 9-periods EMA and 21-periods EMA. The Relative Strength Index period 14 is at 46 levels with the signal line displaying a bearish direction.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus