XAGUSD | Bearish Reversal from Key Resistance
Silver (XAGUSD) is testing a strong resistance zone, showing signs of exhaustion with bearish rejections. If this level holds, we could see a potential downside move.
🔹 Key Factors:
✔ Resistance Zone Holding – Price is struggling to break above a key level.
✔ Bearish Price Action – Rejection wicks and lower highs suggest sellers are stepping in.
✔ Gold Overbought – A potential pullback in Gold could add bearish pressure on Silver.
If this setup plays out, Silver could see a significant drop! Let’s see how price reacts. 📊🔥
What do you think? LMK in comments
🔹 Key Factors:
✔ Resistance Zone Holding – Price is struggling to break above a key level.
✔ Bearish Price Action – Rejection wicks and lower highs suggest sellers are stepping in.
✔ Gold Overbought – A potential pullback in Gold could add bearish pressure on Silver.
If this setup plays out, Silver could see a significant drop! Let’s see how price reacts. 📊🔥
What do you think? LMK in comments
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.