XAG/USD
Looks range-bound but slightly bullish short-term from this structure.
What stands out:
Price swept lower into the previous day’s low area around 74.81
Buyers reacted immediately from the 4H FVG support zone
Current consolidation under New York High (76.34) looks like accumulation rather than aggressive selling
The projected path makes sense if silver holds above the recent lows
Key levels:
Support: 75.65 → 75.27 → 74.81
Resistance: 76.34 (NY High)
Major liquidity target: 76.90 (Previous Day High)
Scenario I’d watch:
- Small dip/sweep into the nearby imbalance
- Reclaim of 76.00–76.10
- Expansion toward 76.34
- If NY high breaks cleanly, the probability increases for a run to 76.90 liquidity
Invalidation:
Sustained move below 74.81 weakens the bullish idea and opens deeper downside.
The chart also shows a lot of overlapping FVGs and compressed candles, which usually means expansion is coming soon after this kind of consolidation.
