XAGUSD short-term bear...
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XAGUSD short-term bear...
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SILVER and yeah 63 is top weekly pivot if goes wild on FedSILVER and resistance/support for today, 62,2-3 should be a hard one to break and support for bears to break around 59,6.
SILVER tradingview.com/x/8G76kz7X$63 would be the ascending triangle price target.
SILVER 📊 Intraday Setup – XAGUSD
Current Live Market Price: 61.300
🟢 Intraday Conservative (Low Risk) Buy Entry: 59.132
Price aligns with the 0.618 Fibonacci retracement near a recent swing low.
Bullish RSI divergence signals potential momentum recovery from oversold zones.
Demand order block with Fair Value Gap confluence supports a possible upside reaction.
🟢 Intraday Aggressive (High Risk) Buy Entry: 59.873
Price trades inside the discount zone between recent swing high and swing low.
Hidden bullish RSI divergence suggests continuation of upward structure.
Fair Value Gap overlapping with a demand zone reinforces the bullish entry idea.
🔴 Intraday Conservative (Low Risk) Sell Entry: 68.016
Price approaches resistance confluence at Fibonacci extension levels.
Bearish RSI divergence highlights weakening bullish momentum near highs.
Supply order block indicates potential rejection from this region.
🔴 Intraday Aggressive (High Risk) Sell Entry: 61.692
Liquidity sweep above a recent swing high signals rejection potential.
Bearish Fair Value Gap shows imbalance favoring downside movement.
Lower timeframe supply order block supports the bearish continuation scenario.
Disclaimer: Always use proper risk management when trading financial markets.
SILVER how many ATHs will there be today?
SILVER 70 is the targetSILVER assuming we do reverse today, 16% would be trendline hit Friday close