EUR/USD 1.15239
-0.222%
Gold 3435.43
0.092%
Oil 71.907
0.651%
USD/JPY 144.448
0.359%
GBP/USD 1.35362
-0.249%
GBP/JPY 195.532
0.108%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Israeli media reports, a new round of missile attacks launched by Iran on Tel Aviv and Haifa in Israel killed seven Israelis and injured more than 132 people.Saudi Aramco CEO: History has proven that when conflicts occur, the importance of oil and gas cannot be underestimated. We are witnessing real-time threats to energy security.Market news: Irans missile attack caused the rupture of an oil pipeline in Tel Aviv, Israel.On June 16, CICC published a report, raising the target price of X.D. Inc. (02400.HK) by 51% to HK$55.5, with an investment rating of "outperforming the industry". CICC said that considering the outstanding overseas performance of "Isher" and "RO", the net profit attributable to the parent company in 2025/26 was raised by 21% to RMB 992 million/1.075 billion. The current share price corresponds to a 2025/26 P/E ratio of 19/17 times.On June 16, CICC published a report, adjusting Chow Tai Fooks (01929.HK) target price by 31% to HK$14.92, with an investment rating of "outperforming the industry". CICC pointed out that looking forward to the 2026 fiscal year, Chow Tai Fooks revenue guidance will achieve a low-to-mid-single-digit annual growth, and the gross profit margin may decrease by about 0.8-1.2 percentage points year-on-year due to the reduced contribution of gold price increases, but under continued cost control, the operating profit margin is expected to decrease by 0.6-1 percentage points year-on-year. Considering the companys continued operational improvement, CICC raised Chow Tai Fooks 2026/27 earnings per share forecast by 9%/9% to HK$0.83/0.91, and the current share price corresponds to 15/14 times the 2026/27 fiscal year price-earnings ratio.

XAGUSD maintains stability above the middle of $21.00, around the 200 DMA pivot point

Alina Haynes

Nov 14, 2022 18:45

184.png 

 

Silver has modest buying interest near $21.30 on Monday and reaches a new daily high during the first half of the European trading session. The white metal is currently trading in the $21.65-$21.70 range, but remains below Friday's five-month high.

 

In a broader context, the XAGUSD has struggled to capitalize on its upward rise beyond the extremely significant 200-day simple moving average (SMA). Before positioning for any additional near-term appreciation, it would be advisable to await some follow-through buying.

 

From current levels, the multi-month high near $22.05 could represent an immediate obstacle. The next significant resistance is located in the $22.45-$22.50 supply zone, which, if broken, will provide as a new bullish trigger and pave the way for further rises.

 

The XAGUSD might then accelerate its momentum towards $23.00 and eventually ascend to the May swing high in the vicinity of $23.25-23.30. Given that the RSI on the daily chart is on the edge of entering the overbought zone, the latter should prove difficult for bulls to overcome.

 

In contrast, the zone around the daily low of $21.35 presently appears to safeguard the immediate downside. Any more decline might be viewed as a buying opportunity and should be contained near $21.00, which could now serve as a pivot point for short-term traders.

 

A decisive breach below might spark technical selling and bring the XAGUSD below the $20.40 support zone. Failure to defend the aforementioned support levels could nullify the near-term bullish picture and change the market's tilt towards negative traders.


Suggestion