SILVER at Key Resistance: Correction Ahead?

30 Jan

XAGEUR is currently approaching a key resistance zone. The ongoing bullish momentum may face exhaustion as price reaches this area, making it a potential turning point.

If bearish confirmation appears, such as rejection candles or a bearish engulfing pattern, I anticipate a pullback targeting the 29.49615 level. This area represents a logical target within the current market structure, reflecting a possible short-term correction.

This setup aligns with the idea of trend exhaustion near resistance. If you agree with this analysis or have additional insights, feel free to share your thoughts!

30 Jan

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