Silver (XAG/USD) Bullish Breakout Setup – 4H Chart Analysis📈 Bullish Setup
Key Zones & Levels:
🔵 Current Price: 33.48
🟣 EMA 70 (Support): 32.83
🔻 Acting as dynamic support
🟦 Demand Zone:
📍 32.54 - 32.83
🟢 Strong buying interest expected here
🟥 Resistance Zone:
📍 Around 33.48 - 33.60
⚠️ Breakout above this zone could trigger buying momentum
Trade Setup:
🚀 Entry Point:
🔵 33.11 - 33.12
🛑 Stop Loss:
🔻 32.54 (Just below demand zone and EMA)
🎯 Target (Take Profit):
🎯 35.50
✨ Potential gain if breakout confirms
Price Path Projection:
🔹 Scenario 1: Bounce from demand zone → Break resistance → Hit target
🟢➡️📈➡️🎯
🔸 Scenario 2: Immediate breakout above resistance
📈⚡➡️🎯
Summary:
Trend: Bullish
EMA and trendline support price
Risk/Reward is favorable
Watch for confirmation before entry
