The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Silver starts the new week on a weaker note, continuing to pull back from the highest level reached since December 2012 on Friday. Recent repeated failures to break through the $32.00 level on the daily chart represent the formation of a bearish multiple top pattern. Meanwhile, the oscillators on the daily chart remain comfortably in positive territory, supporting the potential for buying on declines in the $31.75 level. This should limit the decline of the white metal to the horizontal support at $31.45.
A drop could pull the commodity down to $31.00. Some subsequent sales below last week's low in the $30.90 level would make the XAG/USD pair vulnerable to further acceleration toward the intermediate support at $30.70, then $30.25, on the way to the psychological level of $30.00, followed by the 100-day and 50-day simple moving averages (SMA).
However, to position for an extension of the two-month uptrend, bulls need to wait for firm strength above the $32.00 level and sustained momentum beyond the supply zone at $32.25. Then, the XAG/USD pair may attempt to conquer the round level of $33.00 before rising further to the December 2012 swing high at $33.85.
This mixed technical setup suggests caution before placing aggressive bearish positions.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
