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On March 21, an official from the Zhengzhou Municipal Housing Security and Real Estate Administration Bureau announced that Zhengzhou will introduce eight real estate market regulation policies, which will be released to the public in due course. The specific policies include: 1. Supporting young people in purchasing homes. 2. Strengthening support for families with multiple children purchasing homes. 3. Implementing down payment ratios for commercial property loans. 4. Clarifying the standards for determining the number of homes purchased. 5. Optimizing the application conditions for housing provident fund loans. 6. Increasing the supply of affordable rental housing (talent apartments). 7. Improving supporting public services. 8. Implementing a "one house, one code" system for second-hand homes.Israeli military: Strikes are underway against targets in Tehran, the Iranian capital.On March 21, it was reported that current standards and criteria for labeling short video content vary across websites and platforms. Some short videos containing fictionalized narratives, staged marketing videos, or AI-generated content are not properly labeled, seriously misleading public perception, disrupting social order, and polluting the online environment. In response, the Cyberspace Administration of China plans to guide websites and platforms to comprehensively standardize the labeling of short video content. This includes: 1) Standardizing the tags used for labeling short video content and clarifying the types of tags that must be set; 2) Making content labeling a mandatory step in the posting of short videos, guiding users to label their published short video content; and 3) Conducting phased review and supplementary labeling of existing short video content to promote comprehensive labeling.Iranian Foreign Minister: We seek a permanent end to the war. Many countries are working to mediate and end the war, and Iran is open to any initiative to end the conflict.March 21 – Following the US and Israeli military strikes against Iran, shipping in the Strait of Hormuz continues to be disrupted, destabilizing the global energy supply system. On March 20, Slovak Prime Minister Fico warned that a European oil crisis could occur due to a combination of factors. Fico stated that since the US-Israeli strikes against Iran, the EU has already paid over €6 billion in additional costs due to rising fuel prices. This, coupled with the current economic situation in Europe and the EUs substantial support for Ukraine, has created an "explosive combination." Fico indicated that the future could be very dire, even risking an oil crisis. He urged the EU to expedite the restoration of the Friendship Pipeline.

Silver Price Analysis: XAG / USD reverses from a six-week-old resistance level toward $22.00

Daniel Rogers

Mar 20, 2023 13:19

 截屏2022-06-06 下午5.54.42.png

 

As the Fed week gets underway, the silver price (XAG / USD) accepts offers to renew intraday lows near $22.40, reversing from the greatest levels since early February.

 

In doing so, the brilliant metal reverses from the horizontal area consisting of multiple peaks marked since February 3 at approximately $22.60.

 

Notably, the overbought conditions of the RSI (14) aid the XAG/USD in trimming recent gains near the multi-day high.

 

However, optimistic Silver purchasers are buoyed by bullish MACD signals and the metal's sustained trading above critical support levels.

 

A one-week-old ascending trend line near $21.90 and the 200-bar Exponential Moving Average (EMA) near $21.65 provide immediate crucial support.

 

The early-month swing high near $21.30 and the $21.00 round figure can act as additional downside filters for XAG/USD bears before targeting the monthly low of $19.90.

 

In the meantime, the Silver price rise above the aforementioned resistance line near $22.60 requires confirmation from the 61.8% Fibonacci retracement level of the metal's February-March decline, which is located close to $22.85.

 

After that, a rise to the Year-To-Date (YTD) high around $24.65 cannot be ruled out.

 

Silver prices are expected to decline overall, but the bears have a long way to go before regaining control.