SILVER $XAG REJECTING HEAVY RESISTANCE AT MA 99 BEARS READY TO SLAM IT TO $60.00?
Pair: $XAG /USDT
Direction: SHORT
Timeframe: 1H
Entry Price: 61.13
Target Levels (Take Profit)
TP 1: 60.45 1.11%
TP 2: 60.00 1.85%
Stop Loss
SL: 62.04
Technical Breakdown
Price Action & Structure: XAG ($61.1) attempted to push higher, but immediately ran into strong supply at the descending MA 99 resistance line. Sellers are defending this level aggressively, printing rejection candles near $61.13.
Moving Averages: Price is trapped right between short-term MAs (MA 7 & MA 25) and the heavy overhead MA 99 barrier. A breakdown below MA 7 will confirm the bearish turn toward the $60.00 key support handle.
Indicators: RSI (14) has flattened near 55.00 after reversing from local highs, indicating a loss of upside momentum. The MACD histogram is shrinking back toward the zero line, signaling that buyer volume is rapidly depleting.
$XAG
Pair: $XAG /USDT
Direction: SHORT
Timeframe: 1H
Entry Price: 61.13
Target Levels (Take Profit)
TP 1: 60.45 1.11%
TP 2: 60.00 1.85%
Stop Loss
SL: 62.04
Technical Breakdown
Price Action & Structure: XAG ($61.1) attempted to push higher, but immediately ran into strong supply at the descending MA 99 resistance line. Sellers are defending this level aggressively, printing rejection candles near $61.13.
Moving Averages: Price is trapped right between short-term MAs (MA 7 & MA 25) and the heavy overhead MA 99 barrier. A breakdown below MA 7 will confirm the bearish turn toward the $60.00 key support handle.
Indicators: RSI (14) has flattened near 55.00 after reversing from local highs, indicating a loss of upside momentum. The MACD histogram is shrinking back toward the zero line, signaling that buyer volume is rapidly depleting.
$XAG
