SILVER (XAGUSD) | 1H – Rejection from Major Resistance |
SILVER (US$/OZ) TVC:SILVER
Price has reached a strong higher-timeframe resistance zone after an impulsive bullish rally. The previous market structure, Fair Value Gap (FVG), and repeated rejection around the same level suggest that sellers may be preparing to regain control.
Entry (59.50 – 59.70)
Stop Loss: Above 60.10
Target 1: 58.80
Target 2: 58.20
Final Target: 57.80
Proper risk managment is important..