🥈 XAG/USD — Bearish Continuation Setup 📉
Silver (XAG/USD) — 2H Technical Analysis
🔻 Market Structure: Price has broken down from the previous bullish structure and is now trading inside a strong bearish channel. The latest rejection from the upper supply/OB area around 67.00–67.30 confirms continued selling pressure.
📍 Current Area: Price is consolidating near 60.90, with the immediate resistance/OB around 61.50.
🔎 Key Levels
Resistance: 71.14
Major Supply / OB: 67.00–67.30
Secondary Resistance / OB: ~64.30
Immediate OB: ~61.50
Current Price: ~60.90
Major downside area: 58.80–59.00
📉 Bearish Scenario
If price remains below 61.50 and continues respecting the bearish channel, another downside move toward 59.00–58.80 remains technically possible.
A sustained reclaim above 61.50 would weaken the immediate bearish setup and could open a recovery toward the 64.00–64.30 area.
⚠️ Invalidation: A strong breakout and sustained hold above the relevant bearish structure would require reassessing the downside scenario.
🧠 Technical view: Bearish momentum remains dominant while price stays below the marked resistance zones. Wait for confirmation rather than chasing the move.
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