Technical Analysis for XAG/USD (Silver) – 1H Timeframe
Market Structure Summary:
Support Zone: ~$36.067
Resistance Zone: ~$36.497
Current Market Condition: Sideways/Range-Bound
Key Observations:
Range-Bound Movement:
The market is consolidating between two clear levels, indicating low directional momentum. Price is oscillating without clear trend signals.
No Breakout Yet:
Until price breaks above 36.497 (bullish breakout) or below 36.067 (bearish breakdown), no strong trend bias is confirmed.
Volume Likely Low:
Typical for ranging markets — volume dries up, waiting for market catalyst (news, data, etc.).
Trade Setup Ideas
Buy Scenario (Breakout Strategy):
Trigger: Price breaks and closes above 36.500
Entry: After retest of the broken resistance as support
Stop Loss: Below 36.450
Take Profit: 36.800 / 37.000
Sell Scenario (Breakdown Strategy):
Trigger: Price breaks and closes below 36.050
Entry: After retest of the broken support as resistance
Stop Loss: Above 36.100
Take Profit: 35.800 / 35.600
Range Strategy (Until breakout):
Buy near support (36.07) → TP: ~36.45, SL: ~35.95
Sell near resistance (36.49) → TP: ~36.10, SL: ~36.60
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