Chart the Market (14/08/2026)
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Chart the Market (14/08/2026)

Published: 14 August 2026,06:18

Published: 14 August 2026,06:18

Chart The Market

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Trading chart showing a downtrend with an orange resistance line breaking to the upside, price rising from ~109 toward the 149 resistance level with a consolidation rectangle around 120–128.

SPCX,  H4:                                                               

SpaceX has seen its bullish momentum ease after the share price approached the 61.8% Fibonacci Retracement level near $146.40, following a strong technical rebound from its recent lows. The Fibonacci level has emerged as a significant technical hurdle, with the latest price action suggesting that buying momentum may be losing strength as the share price approaches this resistance zone.

Should SpaceX fail to gain sufficient momentum to break above $146.40, the recent recovery could prove to be corrective in nature. Such a rejection would reinforce the view that the broader downtrend trajectory remains intact, increasing the risk of renewed selling pressure.

In this scenario, SpaceX could revisit its previous low near $109.40, which represents the next major downside target and an important support zone. A retest of this level would also indicate that the recent rebound has failed to establish a sustainable bullish reversal.

Resistance Levels: 149.00, 171.15

Support Levels: 128.30, 109.45

Trading chart showing price around 64.23 with blue support at 61.58 and resistance at 65.32; orange downtrend line, RSI and MACD indicators below.

XAGUSD, H4

Silver is showing signs of a potential trend reversal after forming a double-top price pattern near the $66.50 level, suggesting that the previous bullish momentum may be losing strength and that a technical correction could be underway.

The bearish outlook was further reinforced in the latest session as silver broke below its previous low near $64.45, providing confirmation that selling pressure is gaining traction. The breakdown below this key support level strengthens the bearish bias and suggests that the recent double-top formation may be developing into a broader corrective move.

Should the bearish momentum persist, silver could extend its decline toward the next immediate support level near $61.60. This area will likely become an important test for the metal, as a successful defense could trigger a technical rebound, while a further breakdown would increase the risk of deeper losses.

Resistance Levels: 65.30, 68.00

Support Levels: 61.60, 56.70

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