XAGUSD is currently facing strong resistance after a sharp upward move, with price rejecting key supply zones and showing signs of weakness 📉. The chart highlights a corrective structure within a broader bearish trend, where price failed to maintain higher levels and started consolidating below resistance. Multiple rejections indicate sellers are gaining control, limiting bullish continuation. The ascending trendline support is under pressure, and a breakdown could trigger a strong bearish move. If momentum continues downward, the first target is set at 67,562, where minor support may appear. A sustained break below this level can push price further toward the third target at 66,104. Traders should watch for pullbacks as potential selling opportunities while managing risk carefully ⚠️.
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Forex, Gold & Crypto Signals with
detailed analysis & get consistent
results.
t.me/GoldMan0009
Gold Signal's with proper TP& SL for
high profit opportunities
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.