#XAGUSD 2H

XAGUSD (2H Timeframe) Analysis

Market Structure:
The price has broken above a key resistance level, which is now acting as support. This change in role indicates potential bullish momentum, with buyers likely to dominate if the level holds.

Forecast:
A buy opportunity is expected as the price respects the new support level, confirming the breakout and signaling further upward movement.

Key Levels to Watch:
Entry Zone: Near the support level after confirmation that the price is holding above it.
Risk Management:
Stop Loss: Placed below the support level to limit downside risk.
Take Profit: Target the next resistance levels or Fibonacci extensions for potential upside movement.

Market Sentiment:
The transition of resistance into support reflects strengthening buying interest, favoring upward continuation as long as the support holds.