"Silver (XAG/USD) 4H Analysis: Potential Reversal

10月9日

Silver (XAG/USD) 4H Analysis: Potential Reversal at Key Resistance

• The price is currently at $30.50150, with a slight drop of 0.05% in this session.
  
• A clear downward trend is evident after a period of consolidation, and the price has approached a potential resistance zone between $31.65 and $31.84
• This resistance area is marked by a yellow box with a red dashed line, indicating a possible reversal point where sellers may step in, as previously observed.
  
  
• The chart indicates a potential short trade setup, with the entry zone shown within the resistance area.
  
  
• The stop-loss would likely be placed above the $31.84 level (the top of the resistance box), while the target could extend down to around $30.26, aiming for a continuation of the downward trend.