Silver(
XAGUSD) is currently trading at the resistance zone($63.27-$60.80).
From a classic technical analysis perspective, it seems that Silver has broken below the lower line of a rising wedge pattern. This break could indicate a reversal from the bullish trend of last week.
From an Elliott Wave perspective, Silver appears to have completed its main wave 4 through a Zigzag correction(ABC/5-3-5).
I expect Silver to continue its downward move in the coming hours, potentially falling at least toward the $59.80–$60 range.
First Target: $60.33
Second Target: $59.74
Stop Loss(SL): $63.42(Worst)
Points may shift as the market evolves
What’s your view on Silver? Will it drop back below $60, or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Silver/ U.S. Dollar Analyze (XAGUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
XAGUSD) is currently trading at the resistance zone($63.27-$60.80).From a classic technical analysis perspective, it seems that Silver has broken below the lower line of a rising wedge pattern. This break could indicate a reversal from the bullish trend of last week.
From an Elliott Wave perspective, Silver appears to have completed its main wave 4 through a Zigzag correction(ABC/5-3-5).
I expect Silver to continue its downward move in the coming hours, potentially falling at least toward the $59.80–$60 range.
First Target: $60.33
Second Target: $59.74
Stop Loss(SL): $63.42(Worst)
Points may shift as the market evolves
What’s your view on Silver? Will it drop back below $60, or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Silver/ U.S. Dollar Analyze (XAGUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.