XAG/USD: Preparing for a Healthy Pullback Before the Next Leg Up
XAG/USDShortSwing3h ago4 views
Trade Setup
Entry Price
33.0300
Stop Loss
33.9000
Take Profit
31.3000
Risk : Reward
1 : 1.99
RiskReward
Technical Setup & Price Action Analysis
While the overall trend in XAG/USD remains decidedly bullish, we've seen a strong run recently, with silver currently trading around 32.8608 after a 1.11% gain in the last 24 hours. However, the day's range has tested significant resistance, peaking at 33.4019. I'm looking for a short-term swing opportunity here, anticipating a healthy pullback. The immediate resistance zone around 33.4019 and the psychological 33.5 level, leading up to 34, presents a strong ceiling for now. My entry for a short is targeted at 33.03, betting on a slight retest of recent highs before profit
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