12.24 XAG Evening
Intra-day XAG price reached a high of 72.6 before pulling back, rebounding after hitting a low of 71.3, entering a narrow consolidation phase.
From the hourly Bollinger Bands perspective, it shows a converging pattern, with the lower band and middle band maintaining an upward divergence slope, indicating strong support below; although the upper band has turned downwards creating short-term pressure, the price rebounded after testing the middle band and has not broken below the lower band support, confirming that the bullish structure remains intact.
Therefore, the phenomenon of the upper band turning down can be viewed as pressure release caused by short-term profit-taking rather than a trend reversal signal.
(71.4 entry, 70.8 add, protect at 70.4, target 73.3-75)
Personal opinion, not a recommendation for investment actions
