From the weekly chart, the 10/20 moving averages are about to form a death cross. The daily chart shows a strong bearish trend with a half rebound. The 4-hour moving averages are aligned and forming a death cross, indicating this wave shouldn't be small. Of course, the daily trend line hasn't been truly broken yet, and the previous low hasn't been broken either. If it can be pushed higher, it's not surprising, but with so many death signals stacked together, is it really still a bullish sign? Strong bearish! Let's watch 22227 first. Silver $XAG on the 4-hour chart is in a large channel oscillating downward, combined with the daily support level at 65, which could be reached. The question is how low it will go and when it will start to rise. I think those top levels could be trapped for ten or eight years... However, if the daily volatility remains narrow enough and the resistance levels are clear, short-term should still favor bullish volatility. #我在Gate广场过新年
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Discovery
· 10h ago
To The Moon 🌕
Reply0
FatYa888
· 10h ago
Wishing you great wealth in the Year of the Horse 🐴
Let's talk about the Nasdaq and silver.
From the weekly chart, the 10/20 moving averages are about to form a death cross. The daily chart shows a strong bearish trend with a half rebound. The 4-hour moving averages are aligned and forming a death cross, indicating this wave shouldn't be small. Of course, the daily trend line hasn't been truly broken yet, and the previous low hasn't been broken either. If it can be pushed higher, it's not surprising, but with so many death signals stacked together, is it really still a bullish sign? Strong bearish! Let's watch 22227 first.
Silver $XAG on the 4-hour chart is in a large channel oscillating downward, combined with the daily support level at 65, which could be reached. The question is how low it will go and when it will start to rise. I think those top levels could be trapped for ten or eight years... However, if the daily volatility remains narrow enough and the resistance levels are clear, short-term should still favor bullish volatility. #我在Gate广场过新年