XAGUSD
Weekly Chart: Silver's like a rocket that just blasted above the the 21 EMA, showing us the uptrend is getting serious. No (200 SMA) here yet, so the path up is pretty open.
4-Hour Chart: It's like Silver took a quick break after a sprint. It's chilling right below 24.486, which is the tough resistance level—it needs to break through to keep climbing.
Entry Point: A smart spot to jump in? Right where the price might bounce back up around 23.660, near the 21 EMA on the 4-hour, also matching the weekly chart's vibe.
🎯 Take some profit at 24.486, where Silver has to fight resistance.
- Second Stop: If things keep looking up, aim for the next level 👉🏽 25.914.
Risk Management: Don’t forget to place a stop-loss—think of it like your safety net—below the recent lows or at 23.497.
TL;DR: Buy around 23.660, aim for 24.486, and then maybe 25.914. Protect your trade with a stop-loss, and don’t bet the farm on one go.
Weekly Chart: Silver's like a rocket that just blasted above the the 21 EMA, showing us the uptrend is getting serious. No (200 SMA) here yet, so the path up is pretty open.
4-Hour Chart: It's like Silver took a quick break after a sprint. It's chilling right below 24.486, which is the tough resistance level—it needs to break through to keep climbing.
Entry Point: A smart spot to jump in? Right where the price might bounce back up around 23.660, near the 21 EMA on the 4-hour, also matching the weekly chart's vibe.
🎯 Take some profit at 24.486, where Silver has to fight resistance.
- Second Stop: If things keep looking up, aim for the next level 👉🏽 25.914.
Risk Management: Don’t forget to place a stop-loss—think of it like your safety net—below the recent lows or at 23.497.
TL;DR: Buy around 23.660, aim for 24.486, and then maybe 25.914. Protect your trade with a stop-loss, and don’t bet the farm on one go.
Sheena Lynne