Although 
XAGUSD was also very volatile these days, overall it has behaved better than Gold — more technical, with clearer patterns, and easier to read on the chart.
Yesterday, Silver also dropped hard at the start of the week’s trading, but there are two important differences compared to Gold.
First, the drop in Silver was a false break of Friday’s low.
That matters, especially if we compare it with Gold, which closed the week at the low, showing much more weakness.
Second, the reversal zone in Silver came from a confluence support area, and yesterday’s close left a nice bullish pin bar on the chart.
Taken together, these elements suggest that Silver may be in a better position for a rebound than Gold.
In my opinion, there are pretty good chances of an upside reversal, and the price could rise and test the 80 zone again.
At the same time, traders should keep in mind the intermediate resistance around 75, which could be the first important obstacle on the way up.
Conclusion
Compared to Gold, Silver continues to look more technical and structurally cleaner.
The false break of Friday’s low, combined with the reaction from confluence support and the bullish pin bar, gives the chart a more constructive look.
For now, the focus is on the upside, with 75 as interim resistance and 80 as the main level to watch. 🚀
XAGUSD was also very volatile these days, overall it has behaved better than Gold — more technical, with clearer patterns, and easier to read on the chart.Yesterday, Silver also dropped hard at the start of the week’s trading, but there are two important differences compared to Gold.
First, the drop in Silver was a false break of Friday’s low.
That matters, especially if we compare it with Gold, which closed the week at the low, showing much more weakness.
Second, the reversal zone in Silver came from a confluence support area, and yesterday’s close left a nice bullish pin bar on the chart.
Taken together, these elements suggest that Silver may be in a better position for a rebound than Gold.
In my opinion, there are pretty good chances of an upside reversal, and the price could rise and test the 80 zone again.
At the same time, traders should keep in mind the intermediate resistance around 75, which could be the first important obstacle on the way up.
Conclusion
Compared to Gold, Silver continues to look more technical and structurally cleaner.
The false break of Friday’s low, combined with the reaction from confluence support and the bullish pin bar, gives the chart a more constructive look.
For now, the focus is on the upside, with 75 as interim resistance and 80 as the main level to watch. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.