XAG/USD (Silver) 4H Technical Analysis
Current Market Overview:
: Silver (XAG/USD) recently tested the key support zone at 35.46938, shown on the chart, and bounced sharply.
: The price is now recovering toward the 36.50000 – 36.70000 area.
: Buyers showed strength from the highlighted support, indicating this level is still respected by the market.
Key Levels to Watch:
Price Level Role Notes
35.46938 Major Support Strong historical support, market bounced here
36.70000 Minor Resistance Short-term upside target from current momentum
37.30000 – 38.00000 Major Resistance Larger bullish breakout area if trend continues
Trading Signals & Scenarios:
Scenario Trading Signal Entry & Stop Suggestions
1️⃣ Bounce from 35.46938 Support Buy/Long Setup Already active; long positions toward 36.70000 – 37.30000; Stop-loss below 35.30000
2️⃣ Pullback to 35.46938 Zone Again Buy Opportunity If price retests support with bullish candlestick confirmation, consider long trades; same upside targets
3️⃣ Break Below 35.46938 Sell/Short Setup Wait for 4H candle close below 35.46938; Downside targets: 35.00000 – 34.50000; Stop-loss above 35.70000
Market Momentum Insights:
: Bullish momentum building after bounce from support.
: Price still below recent highs, so breakout beyond 36.70000 needed for aggressive longs.
: RSI and MACD can be monitored for overbought conditions near resistance.
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