Silver (XAG/USD) Bullish Trade Setup from Key Support Zone

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XAG/USD (Silver) Trade Analysis – 2H Chart (July 2, 2025)
🔹 Trade Setup Overview:
Entry Point: 35.84299

Target (TP): 37.32540

Stop Loss (SL): 35.59483

Current Price: 36.36350

Risk/Reward Ratio: ~5.9:1 (Very favorable)

🔹 Technical Insights:
Support Zone:

Price recently tested and respected a strong demand zone between 35.60 – 35.84, which has now acted as a bounce level.

Multiple wicks and rejections at this zone highlight buyer interest.

Moving Averages:

50 EMA (red) is starting to flatten, possibly hinting at momentum reversal.

200 EMA (blue) held as dynamic support during the last dip — a bullish signal.

Breakout Potential:

Price has bounced off the entry zone and is approaching minor resistance near 36.40–36.60.

A clean break above this area can trigger momentum toward the 37.30s.

Volume & Momentum:

The latest candle shows strong bullish momentum, validating the bounce setup.

No sign of exhaustion yet.

🔹 Strategy Suggestion:
Entry has already occurred or is slightly above entry zone — ideal for aggressive traders to ride the momentum.

Conservative traders may wait for a pullback near 36.00–36.10 before entering.

SL is well-placed below previous lows and structure — reasonable protection.

🔹 Conclusion:
This setup reflects a bullish continuation trade from a strong support zone. Given the risk/reward profile and recent bullish action, this trade is technically sound as long as price stays above 35.84. A close below this level could invalidate the setup

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