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STRONG BULLISH: Parabolic Uptrend 🚀
📉 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 📈.
🧠 Technical Analysis:
MA 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 🛡️.
Consolidation: The current candle is showing a slight pause/indecision near the top ($103.60). This is a normal "breather" before the next leg up 🌬️.
Resistance: The immediate ceiling is $104.49. A daily close above this level opens the door to $110+ 💥.
📊 TRADING SIGNAL (Trend Continuation)
Trend: 🟢 Bullish (Strong)
Strategy: Buy on Dip / Breakout 🐂
🎯 ENTRY ZONE:
Safe Entry: $100.00 - $102.00 (Wait for a small pullback to the psychological support).
Breakout Entry: $104.50 (If it clears the recent high).
💰 TAKE PROFIT (TP):
TP 1: $106.50 (Extension Target).
TP 2: $112.00 (Major Fibonacci Level).
🛑 STOP LOSS (SL):
SL: $97.50 (Below the MA7 support line).
📝 Summary:
Silver is shining bright! 🥈 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! 🚀🔥
