Silver has been trading inside a well-defined ascending channel and recently reacted from a higher-timeframe resistance zone around 67.10 - 67.30.
Price is currently consolidating near mid-channel support after failing to extend higher. The idea is based on a potential rejection from resistance followed by a breakdown of the current support structure, which could trigger a move toward lower demand zones.
🎯 Bearish Targets
✅ Target 1: 65.10
✅ Target 2: 63.70
✅ Target 3: 62.40
📌 Technical Confluences
• Rejection from major resistance area (67.10 - 67.30)
• Price approaching channel support
• Loss of bullish momentum near highs
• Potential sell-side expansion if support breaks
• Room for retracement toward previous demand zones
Invalidation: Sustained strength above 67.30 would challenge the bearish outlook.
⚠️ This analysis reflects my current interpretation of market structure and price action. Always wait for confirmation and apply proper risk management.
Note: This analysis for educational purpose only not for financial advise.
Price is currently consolidating near mid-channel support after failing to extend higher. The idea is based on a potential rejection from resistance followed by a breakdown of the current support structure, which could trigger a move toward lower demand zones.
🎯 Bearish Targets
✅ Target 1: 65.10
✅ Target 2: 63.70
✅ Target 3: 62.40
📌 Technical Confluences
• Rejection from major resistance area (67.10 - 67.30)
• Price approaching channel support
• Loss of bullish momentum near highs
• Potential sell-side expansion if support breaks
• Room for retracement toward previous demand zones
Invalidation: Sustained strength above 67.30 would challenge the bearish outlook.
⚠️ This analysis reflects my current interpretation of market structure and price action. Always wait for confirmation and apply proper risk management.
Note: This analysis for educational purpose only not for financial advise.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.