📉 $XAG – Rejection at Resistance, Bearish Momentum Incoming!
Trading Plan: Short $XAG (Silver)
Entry Zone: 80.92 – 81.50
Stop Loss (SL): 83.20
Take Profit (TP 1): 79.50
Take Profit (TP 2): 78.10
Final Take Profit (TP 3): 80.2548
After a strong rally toward the 83.00 level, the price has faced a sharp rejection, leaving behind a long upper wick. The current 4h structure shows diminishing buyer volume and a shift in momentum. As the price struggles to hold its recent highs, we expect a deeper correction toward the Supertrend support levels. The RSI is also cooling down from overbought territory, signaling that the sellers are starting to take control.
Trade $XAG here
