XAG/USD - H1 – Wedge Breakout | Silver Bullish Reversal Setup
Silver (XAG/USD) has formed a well-structured falling wedge on the H1 timeframe , a classic bullish reversal pattern. Price is now attempting a breakout from the upper trendline after strong reactions from the lower boundary. OANDA:XAGUSD
📊 Technical Overview
The falling wedge shows decreasing bearish momentum, often seen before a trend shift.
Multiple touches on both trendlines confirm the validity of the pattern.
Price reacted strongly from a key demand zone, indicating buyer interest at lower levels.
If the breakout holds, upside potential opens toward psychological levels and higher-timeframe resistance zones.
As long as price remains above the demand area, bullish continuation remains in focus.
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⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading involves high risk. Trade only with capital you can afford to lose and always do your own research.