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🥈 Silver (XAGUSD): Temporarily corrective upside, building strong short positions as geopolitical breakout
📊 First: Main driving forces (geopolitical analysis)
The severity of risks facing financial markets dropped significantly earlier this week after news leaked and confirmed an imminent peace deal between the United States and Iran and a 60-day extension of the ceasefire, including the full opening of the Strait of Hormuz.
📊 First: Main driving forces (geopolitical analysis)
The severity of risks facing financial markets dropped significantly earlier this week after news leaked and confirmed an imminent peace deal between the United States and Iran and a 60-day extension of the ceasefire, including the full opening of the Strait of Hormuz.
Declining geopolitical tensions have removed fundamental support for precious metals (gold and silver) as safe-haven assets.
The current upward move is an ideal opportunity to retest previous liquidity levels before the onset of a true downside wave driven by the disappearance of risk premiums.
📉Second: Technical Scenarios and Retracement Areas
Based on the price action shown on the chart, silver is facing a general downward path mixed with a short-term corrective rise:
Anticipated rebound and selling: Gold prices are expected to rise slightly to test the 79,000 level, and if there is additional momentum, the pullback may extend to the 80,410 level.
Strategy: Taking advantage of weak safe-haven risk appetite, sell positions and contract openings will be based on and limited to the two levels mentioned above (79,000 – 80,410).
🎯 Recommended technical target (profit)
Once price reverses and sellers take control of the supply zone, we will target the following levels on a sequential basis:
First goal: 77,000
Second target: 76,000
Main target (medium and long range): 73.750
⚠️Risk Management Advice: Before fully activating the contract, keep an eye on commitment levels and monitor price action when the proposed supply area is hit. Good luck to everyone trading this week!