Share: Silver price retreats after positing bearish candlestick the previous day. Overbought RSI conditions, repeated failures to cross three-month-old resistance line also tease XAG/USD bears. 10-DMA restricts immediate downside; $24.00 acts as an extra filter towards the north. Silver price (XAG/USD) slides to $23.30 while printing mild losses during Thursday’s sluggish Asian session. In doing
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On the daily chart below, we can see that the USDCHF sellers leaned on the red long period moving average as the price pulled back due to the Credit Suisse crisis. As things calmed down and the bank was acquired by UBS, the CHF strengthened again as the US Dollar remained weak due to the
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Gold prices fell by Rs 110 to Rs 58,740 per 10 grams in the national capital on Wednesday amid weak global trends, according to HDFC Securities. The yellow metal had closed at Rs 58,850 per 10 grams in the previous trade. Silver, however, jumped by Rs 350 to Rs 70,100 per kg. “Spot gold prices
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Share: GBP/USD Outlook: Bulls could aim to retest double-top resistance near 1.2445-50 area The GBP/USD pair struggles to capitalize on its two-day-old uptrend to the highest level since early February and attracts some sellers in the vicinity of mid-1.2300s during the Asian session on Wednesday. The downtick is sponsored by a modest US Dollar (USD)
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On the daily chart below, we can see that after the big and fast rally caused by the Silicon Valley Bank collapse and the fall in real yields, gold has entered a consolidation near the previous top. We can also notice that the price is diverging with the MACD, which is generally a signal of
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A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Lululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops despite rising prices for essential goods. The company also issued upbeat guidance for its new fiscal year. Shares
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