SILVER: Bulls Approaching the Red Zone in a DowntrendXAGUSD 8H TECHNICAL ANALYSIS ⚙️
OVERALL TREND
📉 DOWNTREND — Price has been making lower highs since early April, and current action is approaching a critical SELL zone.
🔴RESISTANCE ZONE
🔴 34.5880 — PIVOT HIGH | Resistance (Major)
🔴 34.2779 — SELL ORDER 2
🔴 33.6503 — SELL ORDER 1
🎯ENTRIES & TARGETS
🎯 32.4555 — SELL ORDER & TP 1
🎯 31.4515 — SELL ORDER & TP 2 | Mid-Pivot
🎯 30.7102 — SELL ORDER & TP 3
🎯 29.5696 — EXIT SELL | TP 4
🟢SUPPORT LEVELS
🟢 29.7916 — BUY ORDER 1
🟢 28.6285 — BUY ORDER 2
🟡 28.5150 — PIVOT LOW| Support (Major)
✍️STRUCTURAL NOTES
Price is currently pushing up into a heavy resistance zone between 33.65 and 34.58.
Latest green candle taps a major SELL ORDER level — watch for a rejection pattern forming. Multiple pivot lows confirmed — but uptrend momentum appears weak within overall downtrend.
All short-term MAs (10–50 EMA/SMA) are signaling SELL. Only long-term MAs (100–200) still show bullish support.
📉OSCILLATOR SUMMARY
MACD, Momentum, and Awesome Oscillator — All bearish 🟥
RSI & Stoch RSI — Neutral, hovering mid-range
ADX at 11.00 — Weak trend strength, suggesting range or minor pullback ahead
TRADE OUTLOOK 🔎
📉 Watch for rejection from current level (33.65–34.27) — could trigger drop to TP1 or TP2
📈 Break and close above 34.58 could invalidate the current sell zone bias
👀 Best opportunities arise if price rejects cleanly from resistance with volume confirmation
🧪STRATEGY RECOMMENDATION
SELL-THE-RIP (Swing Short Setup):
— Entry: 33.65 or 34.27
— TP Levels: 32.45 / 31.45 / 30.71
— SL: Above 34.60
CONSERVATIVE BULLISH SCALP:
— Entry: 29.79 or 28.62
— TP Levels: 30.71 / 31.45
— SL: Below 28.51
“Discipline | Consistency | PAY-tience™” — Let the levels do the talking 📉📈
