ISilivere (XAGUSD) Ixabiso: Ngaba kuya kubakho ukuNcitshiswa kweXabiso elongezelelweyo ngaphantsi kwe-$ 20.4?

UAzeez Mustapha

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SILVER Uhlalutyo lwexabiso leVeki-ngoMeyi 19

Should the bulls defend the support level of $20.4, price may reverse and face the resistance levels of $21.4, $22.1 and $23.4. In case the bears penetrate the support level of $20.4 the support level of $19.5 may be reached and there is possibility that $18.8 level may be tested.

XAGUSD Market

Amanqanaba aphambili:

Amanqanaba okumelana: $ 21.4, $ 22.1, $ 23.4

Amanqanaba enkxaso: $ 20.4, $ 19.5, $ 18.8

XAGUSD Ixesha elide intsingiselo: Bearish

XAGUSD is bearish on the long-term outlook. The sellers’ momentum increases in the Silver market and the support level of $20.4 was tested on 12 May. The support level of $20.4 hold the price and the bears could not break down the mentioned level. The price pulled back to retest $21.4 resistance level. Yesterday, sellers dominates Silver market and the price is declining towards previous low.

Silver is trading below the 9 periods EMA and 21 periods EMA which indicates that bears are dominating the Silver market. Should the bulls defend the support level of $20.4, price may reverse and face the resistance levels of $21.4, $22.1 and $23.4. In case the bears penetrate the support level of $20.4 the support level of $19.5 may be reached and there is possibility that $18.8 level may be tested.

I-XAGUSD yexesha eliPhakathi iTrendi: Bearish

XAGUSD is on the bearish movement on 4-hour chart. White metal was trying to experience a bullish reversal at the support level of $20.4 on 13 May with the formation of bullish engulfing candle. The bulls’ pressure increased and push the price to test the resistance level of $21.4. At the moment, sellers are gradually returning to the white metal market.

Ixabiso lesilivere lirhweba ngaphantsi kancinci kwe-9 yamaxesha e-EMA kunye namaxesha angama-21 e-EMA. I-Relative Strength Index ixesha le-14 likumanqanaba e-46 kunye nomgca wesignali obonisa uphawu lwe-bearish.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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