SILVER US$ 1H CHART PATTERN

kelmarin

Silver (XAG/USD) 1H timeframe, here’s a breakdown of the target levels indicated:

📈 Chart Analysis Highlights:

The chart shows a bullish ascending triangle pattern, which is typically a continuation pattern signaling upward movement.

The price has recently broken above resistance around the 36.36–36.40 area.

You’ve marked two target points:



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🎯 Target Levels:

1. First Target Point:

Price Level: Approximately 37.40 USD

This is the first significant resistance level after breakout, potentially reachable if momentum continues.



2. Second Target Point (Extended Target):

Price Level: Approximately 37.80 USD

This would be a more ambitious target assuming strong bullish follow-through.





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📌 Notes:

Ensure to monitor volume on breakout for confirmation.

Risk management is important — consider stop-loss near 36.10 or below the ascending trendline.

Watch for any false breakouts especially near Ichimoku cloud resistance zones.


Would you like help setting up entry/exit levels or risk-reward ratios?

kelmarin

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