$XAG (Silver) Explosive Reversal & Recovery 🚀
Entry Zone: 69.50 – 71.80
Bullish Above: 75.50
TP1: 79.20
TP2: 86.40
TP3: 97.94
SL: 65.00
$XAG is printing a massive recovery candle on the daily chart after sweeping liquidity at the 61.23 local bottom. The price is currently trading at 72.64, up a significant +4.31% for the day. This price action suggests a "capitulation" bottom followed by an aggressive buyer response.
We are seeing a series of higher lows on the micro-timeframe as the price pushes toward previous structural resistance. If $XAG can break and sustain momentum above the 75.55 level, it would signal a trend shift from bearish to bullish, potentially clearing the path for a mid-term re-test of the major peak at 97.94.
#XAGUSTD #Silver #PreciousMetals #tradingStrategy #BinanceSquare
