XAGUSD | Bearish Reversal from Key Resistance
Silver (XAGUSD) is testing a strong resistance zone, showing signs of exhaustion with bearish rejections. If this level holds, we could see a potential downside move.
🔹 Key Factors:
✔ Resistance Zone Holding – Price is struggling to break above a key level.
✔ Bearish Price Action – Rejection wicks and lower highs suggest sellers are stepping in.
✔ Gold Overbought – A potential pullback in Gold could add bearish pressure on Silver.
If this setup plays out, Silver could see a significant drop! Let’s see how price reacts. 📊🔥
What do you think? LMK in comments
🔹 Key Factors:
✔ Resistance Zone Holding – Price is struggling to break above a key level.
✔ Bearish Price Action – Rejection wicks and lower highs suggest sellers are stepping in.
✔ Gold Overbought – A potential pullback in Gold could add bearish pressure on Silver.
If this setup plays out, Silver could see a significant drop! Let’s see how price reacts. 📊🔥
What do you think? LMK in comments
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