Silver (XAG/USD) Falling Wedge Breakout –Bullish Setup Targeting📉 Pattern: Falling Wedge
🔵 Price was consolidating inside a falling wedge (🔽), which is typically a bullish reversal pattern.
🟡 Multiple touchpoints along the trendline confirm the structure.
Support Zone: 🔵
Area: 31.95 – 32.10
✅ Price tapped into this strong demand zone
🔥 Big bullish wick shows rejection – buyers stepping in!
EMA 70: 🔴
🧭 Acting as a potential dynamic resistance at 33.04
Watch for a clean breakout above it to confirm momentum.
Trade Setup:
Entry: ✅ Current area (~32.44) looks like a good long entry after bounce.
Stop Loss: ❌ Below 31.95 (under the blue zone)
Target: 🎯 33.68510 (Previous high)
📈 Huge upside potential if wedge breakout confirms!
Summary:
📉 Pattern: Falling Wedge
🔵 Strong Support Zone
✅ Bullish Rejection
🎯 Target: 33.68
❌ Stop Loss: Below 31.95
⚠️ Watch EMA 70 for resistance
🟢 Bias: Bullish – looking for breakout!
