XAGUSD | Silver Rejected at Supply Zone as Bears Regain Control
🟠 Silver remains under pressure after failing to break above the major supply zone around 70.13, confirming that sellers continue to defend higher levels.
🟠 Fundamentally, the stronger U.S. dollar following the Federal Reserve's hawkish stance continues to weigh on precious metals.
🟠 While the U.S.-Iran peace agreement has reduced geopolitical risk and lowered energy prices, the market remains focused on interest-rate expectations, which are currently favoring the dollar over non-yielding assets such as silver.
🕯 Technically:
Silver dropped around (4.7%), exactly as projected in our previous analysis.✅
➡️ Now will touch 66.47, Then, As long as the price trades below 68.68, bearish momentum is expected to continue toward 66.475.
➡️ A break below 66.47 would support further losses toward 60.15.
➡️However, if the market manages to close a 4H candle above 68.68, bullish momentum could return toward 70.13 and 73.17.
Pivot Line: 68.68
Support: 66.62 - 60.15
Resistance: 70.13 - 73.17 - 78.59
🟠 Silver remains under pressure after failing to break above the major supply zone around 70.13, confirming that sellers continue to defend higher levels.
🟠 Fundamentally, the stronger U.S. dollar following the Federal Reserve's hawkish stance continues to weigh on precious metals.
🟠 While the U.S.-Iran peace agreement has reduced geopolitical risk and lowered energy prices, the market remains focused on interest-rate expectations, which are currently favoring the dollar over non-yielding assets such as silver.
🕯 Technically:
Silver dropped around (4.7%), exactly as projected in our previous analysis.✅
➡️ Now will touch 66.47, Then, As long as the price trades below 68.68, bearish momentum is expected to continue toward 66.475.
➡️ A break below 66.47 would support further losses toward 60.15.
➡️However, if the market manages to close a 4H candle above 68.68, bullish momentum could return toward 70.13 and 73.17.
Pivot Line: 68.68
Support: 66.62 - 60.15
Resistance: 70.13 - 73.17 - 78.59
Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.