Technical Analysis: XAG/USD – Nervous Consolidation at Channel Bottom
XAG/USD is trading just above the rising channel floor, showing uncertain momentum on the 4-hour chart.
RSI: Flat around 50 → balanced momentum, no clear bias.
MACD: Slightly below zero → mild bearish pressure.
Support Levels:
Immediate trendline support at $73.25.
A break below exposes Tuesday’s low at $68.20, then March 23 low at $61.00.
Bearish Flag formation measured target: $52.00.
Resistance Levels:
50% Fibonacci retracement of late-March downtrend: $78.95
61.8% retracement: $83.15
Rising channel top: $84.50
📊 Summary: XAG/USD is consolidating nervously near support, with bears slightly in control. A break below $73.25 could trigger a sharper downside, while bulls need to surpass $78.95 to regain momentum.
