XAGUSD/SILVER WEEKLY SELL PROJECTION 01.02.26XAGUSD Weekly Sell Projection – Script
This is the weekly technical analysis of XAGUSD, also known as Silver.
Price was previously moving inside a parallel uptrend channel.
Near the top of the channel, the market formed an Evening Star candlestick pattern, which indicates a potential bearish reversal.
After this pattern, price clearly broke the uptrend trendline, confirming weakness in bullish momentum.
Currently, price has made a strong bearish impulse.
Based on market structure, a retracement toward the broken trendline and resistance zone is expected.
This retracement zone acts as a potential selling area.
Trade Plan:
Entry: Sell near resistance and trendline retest
Stop Loss: Above the resistance zone
Target 1: Previous support level (S1)
Target 2: Major support level (S2)
As long as price remains below the broken trendline, the overall weekly bias stays bearish.
Always use proper risk management.
This analysis is for educational purposes only.
