Silver (XAG/USD) - 8H Chart Analysis
📉 Bearish Setup in Play
Breakout & Retest: Price broke down from a wedge pattern and is currently retesting the supply zone (highlighted in red).
EMA (200) Support: The 200 EMA (31.26) is acting as dynamic support. If price holds below, further downside is expected.
Bearish Target: A move towards the demand zone (30.80 - 31.00) (blue area) is anticipated.
Key Resistance: The rejected zone around 32.00 remains crucial for trend direction.
💡 Trade Idea:
If rejection is confirmed at the supply zone, short positions targeting 31.00 look promising.
A break above 32.00 could invalidate the bearish outlook.
🔥 Watch for confirmation! 🚀
📉 Bearish Setup in Play
Breakout & Retest: Price broke down from a wedge pattern and is currently retesting the supply zone (highlighted in red).
EMA (200) Support: The 200 EMA (31.26) is acting as dynamic support. If price holds below, further downside is expected.
Bearish Target: A move towards the demand zone (30.80 - 31.00) (blue area) is anticipated.
Key Resistance: The rejected zone around 32.00 remains crucial for trend direction.
💡 Trade Idea:
If rejection is confirmed at the supply zone, short positions targeting 31.00 look promising.
A break above 32.00 could invalidate the bearish outlook.
🔥 Watch for confirmation! 🚀
Trade active
Silver (XAG/USD) Playing Out Perfectly! 🎯🔥Our analysis is spot on! 📉 Silver rejected the supply zone and is dropping as expected. The price is now approaching our $31 target zone (demand area), and it looks like it will hit soon! 🚀
🔻 Breakout + Retest = Clean Move Down
🔻 Bearish momentum still strong
🔻 $31 demand zone in sight!
Hope you caught this move! Let’s see how price reacts at key levels next. 👀💰
Trade closed: target reached
Silver (XAG/USD) Target HIT! 🎯✅
Boom! 💥 Our $31 target has been reached exactly as predicted! 📉🔥
🔹 Perfect rejection from the supply zone
🔹 Clean drop straight into demand
🔹 Textbook breakout + retest play
Hope you bagged some profits! 💰 What’s next? Watch for reactions at this level—bounce or breakdown? Stay sharp! 👀🚀
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.