SILVER at Key Resistance Zone - Sellers Ready to Step In?

anteontem

XAGUSD is testing a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch.

If rejection occurs at this zone, such as through wicks, bearish engulfing patterns, or an increase in selling volume, sellers could regain control and drive the price lower toward the 31.650 target. This aligns with a short-term pullback scenario within the broader market structure.

However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside.

This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.

Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.

Best of luck , TrendDiva

anteontem

Trade ativo

há 15 horas

Trade fechado manualmente

It went back up, I have reassessed the direction and closed it on BE