XAGUSD Technical Outlook
Market Structure
XAGUSD is undergoing a strong bearish continuation following a failed recovery attempt on higher timeframes. Price has resumed its downward trajectory, breaking below recent consolidation zones and confirming sustained selling pressure.
The rejection from the 72.00–73.00 region triggered a fresh impulsive move lower, pushing price toward the 67.50–68.00 support area, where it is currently attempting to stabilize.
Key Resistance Zone
Immediate resistance is located at 69.50 – 70.50, aligning with short-term structure and declining moving averages.
A break above this zone could open the door toward:
- 71.50 – 72.50 (H1/H4 resistance)
- 74.00+ (major supply zone)
Failure to reclaim 70.50 is likely to keep bearish pressure intact.
Key Support Zone
Initial support is seen at 67.50 – 67.00, where price is currently testing fresh lows.
Below that, further downside levels are located at:
- 65.50 – 64.50 (next demand zone)
- 62.00 (major daily support)
Expectations
- Bearish Scenario:
Sustained trading below 69.50 keeps downside pressure active, with a potential continuation toward 65.50 and lower. - Bullish Scenario:
A break above 70.50 could trigger a corrective rebound toward 72.50, but remains counter-trend unless structure shifts.
Outlook
The overall bias remains bearish, with momentum favoring further downside. Any short-term recovery is likely to face selling pressure unless pric
