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Sell XAG/USD (Silver) Bearish Channel

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The XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 29.50
2nd Support – 29.10

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beyondtechnicalanalysisChart Patternsfundamental-analysisGoldTechnical IndicatorsSilverTrend AnalysisUSDXAGXAG USD ( Silver / US Dollar)xagusdshort

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