📉 Silver Heading for a Breakdown? ⚠️
XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨
📊 Key levels to watch:
Breakdown at $33.10
Major fall expected below $32.50 📉
RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉
Silver (XAG/USD) Analysis:
The daily chart of Silver (XAG/USD) reveals critical insights for traders:
Resistance and Breakdown Levels:
Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown.
$32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30.
Bearish Momentum:
The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence.
Next Key Support at $30:
The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level.
Volume Insight:
A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown.
Conclusion:
If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨📊 Key levels to watch:
Breakdown at $33.10
Major fall expected below $32.50 📉
RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉
Silver (XAG/USD) Analysis:
The daily chart of Silver (XAG/USD) reveals critical insights for traders:
Resistance and Breakdown Levels:
Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown.
$32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30.
Bearish Momentum:
The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence.
Next Key Support at $30:
The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level.
Volume Insight:
A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown.
Conclusion:
If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
Dagangan aktif
Target done at $30.2
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.