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STRONG BULLISH: Parabolic Uptrend đ
âđ Market Structure: Aggressive Rally
The Daily chart shows a relentless Bullish Trend. Silver $XAG
G has skyrocketed from a low of $73.01 to a recent high of $104.49. The market is currently in a strong "Markup Phase" with consistent higher highs đ.
âđ§ Technical Analysis:
âMA Support: The price is riding well above the MA(7) at $98.25 (Yellow Line), which acts as a dynamic support zone. As long as price stays above this, the trend is super healthy đĄïž.
âConsolidation: The current candle is showing a slight pause/indecision near the top ($103.60). This is a normal "breather" before the next leg up đŹïž.
âResistance: The immediate ceiling is $104.49. A daily close above this level opens the door to $110+ đ„.
âđ TRADING SIGNAL (Trend Continuation)
âTrend: đą Bullish (Strong)
âStrategy: Buy on Dip / Breakout đ
âđŻ ENTRY ZONE:
âSafe Entry: $100.00 - $102.00 (Wait for a small pullback to the psychological support).
âBreakout Entry: $104.50 (If it clears the recent high).
âđ° TAKE PROFIT (TP):
âTP 1: $106.50 (Extension Target).
âTP 2: $112.00 (Major Fibonacci Level).
âđ STOP LOSS (SL):
âSL: $97.50 (Below the MA7 support line).
âđ Summary:
Silver is shining bright! đ„ The trend is strictly UP. Any dip towards $100 is a gift for buyers. Watch for the breakout above $104.50 for the next explosion! đđ„
