Silver (XAGUSD) has shown strong bullish momentum after consolidating in a tight range. Recently, price broke above the resistance zone around 32.40–32.50, confirming a bullish breakout. We now observe a potential retest of the breakout level, which aligns with strong support at 32.40–32.45. If this level holds, it could trigger the next bullish impulse.
The bullish target lies in the range of 33.24 to 33.73, offering a favorable risk-to-reward ratio. A clean rejection from the support zone would confirm buyer strength. However, if price falls below 32.03, the bullish bias would be invalidated.
Trade Plan:
Entry: 32.45–32.50 zone
Stop Loss: Below 32.03
Take Profit Targets: 32.86, 33.24, and 33.73
Risk-to-Reward: Approximately 1:2+
Market Outlook:
With overall bullish structure and momentum building, this setup supports a continuation toward higher resistance levels. Keep an eye on volume and candlestick confirmations on the 4H chart for optimal entry.
The bullish target lies in the range of 33.24 to 33.73, offering a favorable risk-to-reward ratio. A clean rejection from the support zone would confirm buyer strength. However, if price falls below 32.03, the bullish bias would be invalidated.
Trade Plan:
Entry: 32.45–32.50 zone
Stop Loss: Below 32.03
Take Profit Targets: 32.86, 33.24, and 33.73
Risk-to-Reward: Approximately 1:2+
Market Outlook:
With overall bullish structure and momentum building, this setup supports a continuation toward higher resistance levels. Keep an eye on volume and candlestick confirmations on the 4H chart for optimal entry.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.