12.23 XAG Evening
During the day, XAG showed a fluctuating upward trend, with a minimum reaching 68.9 and a maximum climbing to around 69.9. Overall, the price consolidated around the 69.0-69.9 range, consistently remaining within the recent upward trend trajectory, with a clear indication of bullish support during the fluctuations.
From the hourly Bollinger Bands perspective, the three lines are diverging upwards simultaneously, with the upper, middle, and lower bands all maintaining a positive operational rhythm, showing no signs of flattening or turning, which is a typical characteristic of a bullish trend structure, indicating that short-term upward momentum is still continuing.
The price has been consistently and stably operating between the middle and upper bands, never breaking below the middle band support, and repeatedly bouncing back near the middle band, indicating strong dynamic support near the middle band, with a clear bullish dominance.
Additionally, the upward divergence of the three lines confirms the trend direction, with the price positioned between the upper and middle bands, showcasing strong bullish momentum, and there are no technical signals indicating a trend reversal, thus the overall technical sentiment remains firmly bullish.
(69.2 enter, 68.8 add, 68.5 protect, watch 71-73)
Personal opinion, not an investment operation
