Silver (
XAGUSD) – Bearish Head & Shoulders Forming on 4H Chart
Silver is currently trading at $35.95/oz and forming a Head and Shoulders pattern on the 4-hour chart — a classic bearish reversal setup. The right shoulder is still in formation, with the neckline support around $35.26.
🔍 Key Levels to Watch:
Neckline: $35.26
Breakdown Target: $33.24
Pattern Type: Bearish Head & Shoulders
⚠️ A decisive break below the neckline could trigger a short-term correction toward $33.24. Until then, price action near the neckline should be watched closely for confirmation.
📉 Short bias on breakdown. Wait for confirmation before entry.
XAGUSD) – Bearish Head & Shoulders Forming on 4H ChartSilver is currently trading at $35.95/oz and forming a Head and Shoulders pattern on the 4-hour chart — a classic bearish reversal setup. The right shoulder is still in formation, with the neckline support around $35.26.
🔍 Key Levels to Watch:
Neckline: $35.26
Breakdown Target: $33.24
Pattern Type: Bearish Head & Shoulders
⚠️ A decisive break below the neckline could trigger a short-term correction toward $33.24. Until then, price action near the neckline should be watched closely for confirmation.
📉 Short bias on breakdown. Wait for confirmation before entry.
Trade closed: stop reached
this is invalidated
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.