Silver Bearish Opportunity – Reversal Signals from Overbought Z
Silver (XAG/USD) recently topped out near $33.85 and is now showing strong signs of a potential bearish reversal. Momentum indicators are cooling off, and price action is breaking below short-term support with a clear shift in sentiment.
🔍 Technical Highlights:
✅ Rejection from resistance near $33.85
✅ Bearish MACD cross with growing downside momentum
✅ RSI dropping from overbought territory
✅ Loss of 9 EMA support
✅ Lower high forming after sharp rally
✅ Weakening momentum following extended upside move
📉 Trade Setup:
🔴 Entry Zone: Current levels ($33.58–33.60)
🛑 Stop Loss: Above $33.86 (recent swing high)
✅ TP1: $33.35 – minor support
✅ TP2: $33.15 – previous structure level
✅ TP3: $32.90 – major horizontal support
📌 I’ve taken a short position here with a tight stop and a clean risk/reward profile. Watching for continuation as momentum shifts to the downside.
Let’s see how this unfolds 👀📉
🔍 Technical Highlights:
✅ Rejection from resistance near $33.85
✅ Bearish MACD cross with growing downside momentum
✅ RSI dropping from overbought territory
✅ Loss of 9 EMA support
✅ Lower high forming after sharp rally
✅ Weakening momentum following extended upside move
📉 Trade Setup:
🔴 Entry Zone: Current levels ($33.58–33.60)
🛑 Stop Loss: Above $33.86 (recent swing high)
✅ TP1: $33.35 – minor support
✅ TP2: $33.15 – previous structure level
✅ TP3: $32.90 – major horizontal support
📌 I’ve taken a short position here with a tight stop and a clean risk/reward profile. Watching for continuation as momentum shifts to the downside.
Let’s see how this unfolds 👀📉
Trade active
Stop loss reachedTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.