XAGUSD XAGUSD initially moved lower on the lower timeframes, confirming a bearish breakdown after losing a key support zone with strong selling pressure. Following the decline, the market established a solid support base and entered a period of consolidation, allowing buyers to gradually regain strength.

After consolidating, XAGUSD formed a well-defined resistance zone while bullish momentum continued to build. The market is now printing strong bullish candles and is approaching both the horizontal resistance level and the descending trendline.

A confirmed breakout above these technical barriers could validate the bullish scenario and trigger the next impulsive move to the upside. The current price action suggests that buyers are attempting to regain full control, making this a key area to watch.

Technical Targets
Target 1: 58.51700
Target 2: 59.17600

Trading Plan
Wait for a confirmed breakout above the resistance zone and descending trendline before considering long positions. A strong bullish candle close above resistance will provide additional confirmation. Always use disciplined risk management and avoid entering trades without confirmation.