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.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.