XAGUSD — H4 | Bullish Continuation Scenario

XAGUSD — H4 | Bullish Continuation Scenario

Silver is consolidating after a strong impulsive rally, holding above key support levels. The structure suggests a corrective pause before continuation higher.

Technical Overview

• Strong bullish impulse formed the current leg up.
• Price is consolidating in a corrective structure above prior breakout support.
• Trend remains bullish while price holds above the rising support line.

Bullish Scenario

• Key support zone: 91.0–89.4
• Invalidation / Stop-loss: below 87.6
  (below the corrective low and structure support)
• Upside targets:
  – 93.0 — first resistance / reaction zone
  – 95.3 — continuation target
  – 97.8 — higher resistance
  – 100.6 — extended bullish objective
  – 105.1 — full expansion target

A sustained move above 93.0 would confirm continuation toward higher targets.

Market Context

• Higher-timeframe structure remains bullish.
• Fibonacci expansion aligns with upside objectives.
• No confirmed reversal signals while price stays above key support.

Summary

XAGUSD maintains a bullish bias above 89.4–91.0.
Primary focus remains on continuation toward 93.0 → 95.3 → 97.8 → 100.6, with an extended target near 105.1 if momentum accelerates.