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:
🤖 t.me/Protrader365bot
-----
🎁 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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.