๐ฅ Silver Rebounds Above $90 โ Base Forming or Dead-Cat Bounce? ๐๐โก๏ธ๐

XAGUSDT
ุฏุงุฆู
77.65
+0.25%
$XAG Silver (XAG/USD) is trading near $90.3, recovering after a sharp drop from the $121.6 high. Strong dip-buying emerged near the 0.236 Fibonacci level at $83.2, highlighted by long lower wicks โ a clear defense by buyers.
๐ Technical snapshot:
๐ Still below 200-EMA (~$96.5) โ trend remains cautious
๐ Higher lows forming, hinting at base-building
๐ RSI rebounded from <30 to ~45, easing selling pressure
โ ๏ธ Key levels:
โข Support: $83
โข Resistance: $94โ$95 (50-EMA)
โข Upper resistance: $102
๐ Trade idea:
๐ข Buy strength while above $83
๐ฏ Target $94
๐ Invalidate below $71
โReal tips. No hype. Trade smartโ
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