XAGUSD is currently losing upward momentum as fundamental factors shift to support the USD. The latest news indicates a stronger USD and expectations of the Fed maintaining high interest rates, causing money to flow out of metals. In this context, silver is unlikely to maintain its upward momentum, and any rebound is primarily technical rather than a true trend.
Looking at the H2 chart, the price is clearly reflecting the ecological zone around 77.5. After touching this area, the market failed to break through and began to move sideways, creating a gap – a sign that buying pressure is no longer sustainable. Simultaneously, the price is fluctuating above the 74.7–73.7 support zone and repeatedly testing this area.
The key point is that the current structure resembles a distribution: the quality is not improving, while it has been repeatedly pressured by support. If the price reaches 73.7, it is highly likely to trigger a deeper decline in the direction of the trend.
In the coming period, the price may recover to the 76-77 range to create a "buy trap," then reverse and fall to 73.1. Given the current context, the sensible strategy remains to look for selling opportunities when the price recovers, following the USD's dominance.
Looking at the H2 chart, the price is clearly reflecting the ecological zone around 77.5. After touching this area, the market failed to break through and began to move sideways, creating a gap – a sign that buying pressure is no longer sustainable. Simultaneously, the price is fluctuating above the 74.7–73.7 support zone and repeatedly testing this area.
The key point is that the current structure resembles a distribution: the quality is not improving, while it has been repeatedly pressured by support. If the price reaches 73.7, it is highly likely to trigger a deeper decline in the direction of the trend.
In the coming period, the price may recover to the 76-77 range to create a "buy trap," then reverse and fall to 73.1. Given the current context, the sensible strategy remains to look for selling opportunities when the price recovers, following the USD's dominance.
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LEVEL UP YOUR TRADING
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.