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Silver/EUR
Short
Updated

SILVER at Key Resistance: Correction Ahead?

XAGEUR is currently approaching a key resistance zone. The ongoing bullish momentum may face exhaustion as price reaches this area, making it a potential turning point.

If bearish confirmation appears, such as rejection candles or a bearish engulfing pattern, I anticipate a pullback targeting the 29.49615 level. This area represents a logical target within the current market structure, reflecting a possible short-term correction.

This setup aligns with the idea of trend exhaustion near resistance. If you agree with this analysis or have additional insights, feel free to share your thoughts!
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DanieIM
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DanieIM

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