Silver (XAGUSD) is showing signs of bullish momentum on the 1-hour chart. A falling wedge pattern has been identified, and the price has successfully broken above the upper boundary, confirming the bullish breakout.
Resistance zone 37.0000
Support Level 35.2000
Currently, price action is approaching a key resistance at $36.00, which also represents the neckline of a cup and handle formation. This level serves as a critical hurdle for the bulls.
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Resistance zone 37.0000
Support Level 35.2000
Currently, price action is approaching a key resistance at $36.00, which also represents the neckline of a cup and handle formation. This level serves as a critical hurdle for the bulls.
If you like this idea if you have On Opnion about this analysis share in comments Thanks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.