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$XAG — Sharp Rejection: Momentum Flipping Bearish
Silver pushed into the 77.6 zone but faced a strong rejection, triggering a sharp sell-off. The 1H structure has now shifted, with price forming lower highs and sustained bearish pressure.
📉 Market Structure Insight
Momentum has clearly flipped bearish after the rejection. Sellers are in control, and rallies are getting sold into.
💡 Key Insight:
This move looks like distribution after a strong push, not just a simple pullback.
🎯 Levels to Watch:
Support: 73.0
Resistance: 75.5
If price fails to reclaim 75.5, continuation to the downside is likely. A reclaim could signal short-term relief.
Are you fading this drop or waiting for confirmation?