{"id":169067,"date":"2023-10-06T01:27:52","date_gmt":"2023-10-05T19:57:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=169067"},"modified":"2023-10-06T01:27:52","modified_gmt":"2023-10-05T19:57:52","slug":"xag-usd-consolidates-as-a-triple-bottom-pattern-emerges-at-hourly-chart-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-consolidates-as-a-triple-bottom-pattern-emerges-at-hourly-chart-crypto-news\/","title":{"rendered":"XAG\/USD consolidates as a triple-bottom pattern emerges at hourly chart &#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 (XAG\/USD) experiences mild losses, lingering below the $21.00 mark amidst a cautious market.<\/strong><\/li>\n<li><strong>Technical analysis reveals a consolidation phase, with seven-month-low support at $20.91 and resistance around $21.50.<\/strong><\/li>\n<li><strong>Short-term triple-bottom pattern emerges, targeting $22.00, contingent on breaking through several resistance levels.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> price (XAG\/USD) remains subdued late in the New York session, printing mild losses of 0.35%, below $21.00 per troy ounce after hitting a daily high of $21.29.<\/p>\n<p>The XAG\/USD daily chart portrays the white metal in consolidation, capped on the downside by a seven-month-low at around $20.91. On the upside, resistance lies at around $21.50, slightly below a ten-month-old support trendline. A break of those levels could pave the way to test $22.00.<\/p>\n<p>In the short term, the XAG\/USD is forming a triple-bottom <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> pattern, which would confirm its validity with a break above the October 4 high of $21.39, but on its way towards that price, the non-yielding metal must face solid resistance levels. The first supply zone would be the 20-hour Exponential Moving Average (HEMA) at $21.05, followed by the top of the Bollinger bands at $21.32, before cracking the latest cycle high. The triple-bottom next target would be $22.00.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Action \u2013 Hourly chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638321316422927199.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Silver price (XAG\/USD) experiences mild losses, lingering below the $21.00 mark amidst a cautious market. Technical analysis reveals a consolidation phase, with seven-month-low support at $20.91 and resistance around $21.50. Short-term triple-bottom pattern emerges, targeting $22.00, contingent on breaking through several resistance levels. Silver price (XAG\/USD) remains subdued late in the New York session, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,350,252,247,253,249,671,308,256,254,672],"class_list":["post-169067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-metals","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\/169067","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=169067"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169067\/revisions"}],"predecessor-version":[{"id":169068,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169067\/revisions\/169068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8874"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}