XAGUSD Silver has broken above the $32.62 resistance, confirming bullish momentum and clearing the way for continued upside. However, traders should be aware of key harmonic resistance zones now coming into view.
A bearish alt-bat pattern is projected around $33.44, while a bearish crab pattern emerges near $34.22, aligning with the 161.8% Fibonacci extension zone. Both levels mark potential exhaustion points where price could face meaningful resistance and possibly reverse.
🧭 Key Zones to Monitor:
- Broken Resistance: $32.62
- Bearish Alt-Bat PRZ (113% Fib Ext.): $33.44
- Bearish Crab PRZ (161.8% Fib Ext.): $34.22
📌 Upside is active, but heavy harmonic resistance ahead. Watch for reaction at $33.44 and $34.22.
Happy Trading,
André Cardoso
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.