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XAGUSD4-hourBullish

Silver 4-hour (SMC): buy the 51.60–52.40 zone

FXFibo editorial · · 1 min read
Summary

The 4-hour structure in Silver is bullish: a bullish change of character (CHoCH) at 51.279, with price now around 53.28. The 51.60–52.40 area is the main buy zone.

BiasBullishEntry zone52.20Stop loss50.90Target 153.48Target 254.64StatusActive
Invalidation: 4-hour close below 51.19
Silver 4-hour (SMC): buy the 51.60–52.40 zone

Main scenario

  • Entry zone: 51.60–52.40 (around 52.20)
  • Stop: 50.90
  • Targets: 53.48 and 54.64
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A 4-hour close below 51.19 invalidates the main scenario and opens the way to 51.19.

Key levels

  • Resistance: 53.48, 54.64, 55.40
  • Support: 52.38, 51.59, 51.19

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.