{"id":149207,"date":"2023-09-04T08:21:49","date_gmt":"2023-09-04T02:51:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149207"},"modified":"2023-09-04T08:21:49","modified_gmt":"2023-09-04T02:51:49","slug":"xag-usd-bounces-off-10-ema-to-defend-24-00-amid-sluggish-asian-session-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-bounces-off-10-ema-to-defend-24-00-amid-sluggish-asian-session-crypto-news\/","title":{"rendered":"XAG\/USD bounces off 10-EMA to defend $24.00 amid sluggish Asian session &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Silver Price prints mild gains while snapping three-day losing streak.<\/strong><\/li>\n<li><strong>Upbeat oscillators, clear rebound from 10-EMA favor XAG\/USD buyers.<\/strong><\/li>\n<li><strong>Sellers remain off the table beyond $23.75 while Silver price upside remains elusive below $24.80.<\/strong><\/li>\n<\/ul>\n<p>Silver Price (XAG\/USD) picks up bids to defend the week-start rebound above the $24.00 amid early Monday in Asia. In doing so, the XAG\/USD prints the first daily gain in four while reversing from the 10-day Exponential Moving Average (EMA).<\/p>\n<p>Apart from the Silver Price rebound from the 10-EMA, the bullish MACD signals and the upbeat RSI (14) line, not overbought, also underpins the Silver Price recovery to $24.25 by the press time.<\/p>\n<p>However, a convergence of the commodity\u2019s 23.6% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/support-resistance\/fibonacci\">Fibonacci<\/a> retracement of the March\u2013May upside and a four-month-old downward-sloping trend line, close to $24.75\u201380 at the latest, appears the key for the XAG\/USD bulls to cross to retake control.<\/p>\n<p>Following that, the Silver Price run-up towards the previous monthly high of around $25.00 and July\u2019s peak of $25.30 will be in the spotlight.<\/p>\n<p>Meanwhile, a downside break of the 10-EMA level of $24.10, needs validation from the $24.00 round figure to convince the intraday sellers of the Silver.<\/p>\n<p>Even so, the 50-EMA and 38.2% Fibonacci retracement together offer a tough nut to crack for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> bears around $23.75.<\/p>\n<p>To sum up, the XAG\/USD is likely to portray a corrective bounce amid the US Labor Day Holiday.<\/p>\n<h2 class=\"fxs_headline_medium\">Silver Price: Daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XAG_USD-040920223-638293912492105581.png\"><\/a><\/p>\n<p>Trend: Limited recovery expected<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Silver Price prints mild gains while snapping three-day losing streak. Upbeat oscillators, clear rebound from 10-EMA favor XAG\/USD buyers. Sellers remain off the table beyond $23.75 while Silver price upside remains elusive below $24.80. Silver Price (XAG\/USD) picks up bids to defend the week-start rebound above the $24.00 amid early Monday in Asia. In [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,605,246,351,257,255,250,252,247,253,249,671,308,256,254,672],"class_list":["post-149207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-chartpatterns","tag-coin","tag-commodities","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-silver","tag-technical-analysis","tag-wallet","tag-wordpress","tag-xagusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149207"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149207\/revisions"}],"predecessor-version":[{"id":149208,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149207\/revisions\/149208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11552"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}