
Silver (XAGUSD) remains in a strong bearish trend after a sharp impulsive decline. Price is now consolidating inside a symmetrical triangle, which appears to be a continuation pattern rather than a reversal.
As long as price remains below the descending trendline and the invalidation level, the bias stays bearish. A confirmed breakdown from the triangle could trigger the next leg lower toward the highlighted support zones.
Patience is keyāwait for a bearish candle close below the triangle before considering an entry.
Trade Setup
š Bias: Bearish
šÆ Entry: On confirmed breakdown below the triangle (around 57.10 ā 57.25)
ā Stop Loss: 59.54
ā
Take Profit 1: 55.50
š Final Target: 52.93
Key Levels
š“ Resistance / Invalidation: 59.54
š Current Consolidation: 57.10 ā 57.40
šÆ Take Profit 1: 55.50
š Final Target: 52.93
TradingView Tags
#XAGUSD #Silver #SilverAnalysis #Forex #TechnicalAnalysis #PriceAction #TrianglePattern #Bearish #TradingView #RiskManagement
