Bias: Short-term corrective move after hitting major supply zone.
XAGUSD just tapped a strong 4H supply zone around 62.70 – 63.00, and price immediately rejected with a clear wick. This confirms sellers are active at this level.
Structure-wise, silver has been moving in a parabolic impulse, and now the chart is showing the first signs of exhaustion. If the rejection holds, market likely forms a lower high before shifting into a deeper correction.
Key Levels
62.70–63.00 (Supply Zone – Strong Rejection)
61.98 (First support / retest area)
60.62 (Major 4H structure support)
59.31 (Bigger correction target)
What I Expect Next
Price retests the supply zone → forms a lower high
Pullback continuation toward 61.98
Break below opens the door to 60.62
Full correction target sits near 59.30
Momentum indicators also show bearish divergence + Stoch RSI cooling off, supporting a temporary downturn before any bigger trend continuation.
Summary
XAGUSD likely enters a short-term correction phase after rejecting a key supply area. I expect price to form a lower high and continue down toward the 60–59 zone unless buyers reclaim and hold above 63.
XAGUSD just tapped a strong 4H supply zone around 62.70 – 63.00, and price immediately rejected with a clear wick. This confirms sellers are active at this level.
Structure-wise, silver has been moving in a parabolic impulse, and now the chart is showing the first signs of exhaustion. If the rejection holds, market likely forms a lower high before shifting into a deeper correction.
Key Levels
62.70–63.00 (Supply Zone – Strong Rejection)
61.98 (First support / retest area)
60.62 (Major 4H structure support)
59.31 (Bigger correction target)
What I Expect Next
Price retests the supply zone → forms a lower high
Pullback continuation toward 61.98
Break below opens the door to 60.62
Full correction target sits near 59.30
Momentum indicators also show bearish divergence + Stoch RSI cooling off, supporting a temporary downturn before any bigger trend continuation.
Summary
XAGUSD likely enters a short-term correction phase after rejecting a key supply area. I expect price to form a lower high and continue down toward the 60–59 zone unless buyers reclaim and hold above 63.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.