Silver – Breaking Higher, But Harmonic Patterns Signal Caution

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XAGUSD

Silver has broken above the $32.62 resistance, confirming bullish momentum and clearing the way for continued upside. However, traders should be aware of key harmonic resistance zones now coming into view.

A bearish alt-bat pattern is projected around $33.44, while a bearish crab pattern emerges near $34.22, aligning with the 161.8% Fibonacci extension zone. Both levels mark potential exhaustion points where price could face meaningful resistance and possibly reverse.

🧭 Key Zones to Monitor:

  • Broken Resistance: $32.62


  • Bearish Alt-Bat PRZ (113% Fib Ext.): $33.44


  • Bearish Crab PRZ (161.8% Fib Ext.): $34.22


📌 Upside is active, but heavy harmonic resistance ahead. Watch for reaction at $33.44 and $34.22.

Happy Trading,
André Cardoso

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