-
Silver Forecast XAGUSD for September 5, 2024
The quotes of XAG/USD continue to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the Silver price is 28.41. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop growth in the metal price and a test of the resistance level near the 28.55 area. From where we should expect a downward rebound and a continuation of ... (full story)
- Comments
- Subscribe
-
- Older Stories
From pmi.spglobal.com|Sep 5, 2024UK construction companies indicated a sustained rebound in total business activity in August, although the pace of expansion eased slightly since July. Robust new order growth and ...
From youtube.com/easymarkets|Sep 5, 2024The U.S. is releasing the ADP employment change number today, which is expected to improve and rise above the previous 122K. Let's see what's going to happen.
From invesco.com|Sep 5, 2024In recent weeks, it’s become clear to me that the US is very likely to avoid recession and the US Federal Reserve (Fed) is very likely to begin cutting rates, and so my thoughts ...
-
- Newer Stories
From jpmorgan.com|Sep 5, 2024|1 commentPersistent inflation and the “higher-for-longer” interest rate backdrop have made borrowing more expensive. This has significantly impacted U.S. mortgage rates, which hit 8% in ...
From youtube.com/easymarkets|Sep 5, 2024|1 commentWe will be keeping a close eye on the US ISM Services PMI today, as the Manufacturing one on Tuesday did fail to meet its expectations. However, a worse situation would be if the ...
From dailyforex.com|Sep 5, 2024We have often emphasized that buying gold at every dip is the best trading strategy for gold. After recent profit-taking selling pushed gold to the $2472 per ounce support level, ...
- Story Stats
- Posted: Sep 5, 2024 5:19am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 245
