XAG/USD - Inverted Head & Shoulder Pattern (Bullish Setup)

Sep 7

XAG/USD – M30 – Inverted Head & Shoulders Pattern / Bullish Setup

Silver is forming an Inverted Head & Shoulders structure on the 30-minute chart, with the right shoulder holding above the marked support zone. A sustained breakout above the neckline area would strengthen the bullish structure and open the way toward the marked resistance levels.

🟢1st Resistance : 69.42
🟢2nd Resistance : 71.09
🔴Support Zone : 64.50 - 65.00

📰 Fundamentals and Live Headlines :
1. The U.S. Dollar Index remains around 99, but the dollar has not gained strongly despite the rise in Fed-hike expectations.

2. Rising Middle East tensions and higher oil prices.


Disclaimer: This analysis is for educational purposes only.

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Sep 7

Trade active

Sep 8

Note

Fundamental Updates: (08.09.2026)

Strong U.S. labor data have lifted the probability of a September Fed hike, but other currencies are also seeing tighter-policy expectations = Mixed

Here another view :
The Fed may tighten, but the BOJ and ECB are also becoming less dovish, reducing the dollar's relative advantage.

then = USD bearish only, EUR, GBP, GOLD, Silver = Strong

Sep 9

Note

Iran-backed Houthis hit Saudi energy facilities :

Several Saudi energy sites were attacked. Some operations were temporarily stopped and the market became more worried about Gulf oil supply. Brent moved toward $100.

Geopolitical uncertainty remains elevated