1‑hour (1H) intraday entry plan for XAG/USD (Silver) based on the current market structure and key levels:
1️⃣ Key Zones Immediate Support (Buy Zone): $77.00 – $78.00 Immediate Resistance (Sell / Caution Zone): $80.00 – $81.00 Stop-Loss: Below $76.50 (protects against a deeper drop) Take-Profit Targets (TP): TP1: $80.50 (short-term resistance) TP2: $82.00 (next local resistance if momentum continues)
2️⃣ Entry Strategies A. Bounce from Support (Long / Buy Setup) Entry: $77.00 – $78.00 Confirmation: Look for a bullish reversal candle on 1H (hammer, bullish engulfing, or strong green candle with volume) Stop Loss: $76.50 Targets: TP1 $80.50, TP2 $82.00 B. Breakout from Resistance (Aggressive Long) Entry: $81.00 – $81.50 (on strong breakout with volume) Stop Loss: $79.50 (just below breakout zone) Target: TP2 $84.00+ if momentum continues C. Short / Sell Setup (if support fails) Entry: Below $76.50 Stop Loss: $78.00 Targets: $75.00, $74.00 (next support levels)
3️⃣ Technical Notes RSI (1H): Close to neutral/slightly oversold — favors potential bounce in support zone. EMA 20/50 (1H): Price near 1H short-term EMA → confirm direction before taking trades. Volume: Look for strong buying or selling volume to confirm breakout or bounce; low volume = weak signal.
✅ Summary: Buy near $77–$78 if reversal candlestick forms. Aggressive breakout longs above $81 with volume. Short below $76.50 with stop above $78 if support fails.
A. Bounce from Support (Long / Buy Setup) Entry: $116 – $118 Confirmation: Wait for a bullish candle (like hammer or engulfing) on 1H Stop Loss: Below $115 Targets: TP1 $122, TP2 $125 B. Breakout from Resistance (Aggressive Long) Entry: $124 – $125 (on strong breakout with volume) Stop Loss: $121–$122 (just below breakout zone) Target: TP2 $130+ (if momentum continues) C. Short / Sell Setup (if support breaks) Entry: Below $115 Stop Loss: Above $118 Targets: $112, $110 (next support levels)
3️⃣ Technical Notes
RSI: Currently near oversold; suggests bounce is likely, but don’t chase aggressively. EMA 20/50 (1H): Price below EMA → favors cautious longs or shorts on breakout. Volume: Key confirmation — strong buying volume needed to trigger bounce, otherwise support may fail.
✅ Summary:
Buy near $116–$118 if price shows bullish reversal candles. Aggressive breakout longs above $124 with volume. Short below $115 with stop above $118 if support fails.