FX.co ★ XAG/USD, SILVER

Technical analysis of XAGUSD Today I choose XAG/USD for technical analysis. Market prices are currently falling. The price helped it fall by forming a descending channel. The market price hits the bottom of the channel and then rises. A falling channel helps the market price rise. If the market price crosses the channel, it may break through the channel to the main resistance of 69.980, forming a double top. A descending channel is created so that the price does not rise and the market price highly respects this channel. The metrics used in the chart show that the team will rise and face resistance in the coming days. For this reason, indicators used in technical analysis and charts are helpful to us, but if they move upwards, the market price may double in the coming period.

If we look at the chart on the market h1 time frame, we see that the 50-day simple moving average is currently above the market and below the market resistance. Also take a look at the 200-day simple moving average, which is above the market and below market resistance on this chart. If we look at the RSI indicator here, the RSI indicator is currently between 30 and 70, which is 47, which is 63. The RSI indicator tells us that the market is currently in a downtrend but will move upwards in the next few days. The indicator used in this chart: 50-day simple moving average color Navy: 200-day simple moving average color Chocolate: RSI indicator period 14: