Ultima Markets【 Market Analysis 】 Silver is at a high point again, and the long and short are just in a moment's thought

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Ultima Markets【 Market Analysis 】 Silver is at a high point again, and the long and short are just in a moment's thought219 / author:Ultima_Markets / PostsID:1725456

Today's Focus on Varieties--silver。

Fundamentally,US bond yields have fallen, givinggoldIt has brought a certain hedging stimulus effect, with the US dollar slightly falling and gold and silver slightly rising throughout the market. In the future, we need to wait for the release of key data this week to see the impact on the future US dollar and precious metals. Due to current market concerns that the US economy may not have a soft landing, this week's non farm and inflation data determine whether similar signals will emerge, which will be the key to determining the trend of precious metals.

Technically,The silver daily cycle is relatively strong compared to gold.

Ultima Markets【 Market Analysis 】 Silver is at a high point again, and the long and short are just in a moment's thought450 / author:Ultima_Markets / PostsID:1725456

(Silver daily cycle, sourceUltima Markets MT4）

The random fluctuation indicator has entered the overbought area, and the price has also touched the downward trend line above it.

Ultima Markets【 Market Analysis 】 Silver is at a high point again, and the long and short are just in a moment's thought308 / author:Ultima_Markets / PostsID:1725456

(Silver)4Hourly cycle, sourceUltima Markets MT4）

switch4The hourly cycle is relatively clear, and the market is stepping back in blue17The momentum for further upward movement after the cyclical moving average. However, it is necessary to be vigilant that the market may experience false breakthroughs before a complete breakthrough.

Ultima Markets【 Market Analysis 】 Silver is at a high point again, and the long and short are just in a moment's thought198 / author:Ultima_Markets / PostsID:1725456

(Silver)1Hourly cycle, sourceUltima Markets MT4）

1The peak of the hourly cycle is8month23Focus on whether the London market can effectively break through the recent suppression zone.

Ultima Markets【 Market Analysis 】 Silver is at a high point again, and the long and short are just in a moment's thought547 / author:Ultima_Markets / PostsID:1725456

(Silver)1Hourly cycle, sourceUltima Markets MT4）

according toUltima Markets MT4InpivotIndicator, daily central price level24.184，

24.184Upward bullish, first goal24.326Second objective24.491

24.184Under bearish, first target24.023Second objective23.881

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.