1. Use smaller size – volatility is high. 2. Trail stops after each target. 3. Watch Bitcoin's correlation – if BTC drops while metals rise, it signals a risk-off environment.
Gold and silver are macro hedges. This move validates the "hard asset" thesis. Trade the trend, but protect profits.
Based on your thorough analysis, here is a structured trade plan for Silver ($XAG /USD or XAG/USDT):
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Long Setup: Silver ($XAG )
· Entry Zone: $24.50 – $25.00 (look for a pullback to key support or a breakout above recent consolidation). · Stop Loss: $23.80 (below major swing low and structural support). · Targets: · TP1: $26.20 (near-term resistance). · TP2: $27.50 (next supply zone). · TP3: $29.00+ (extension if macro momentum accelerates).
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1. Wait for a confirmed higher low or breakout above $25.50 with volume. 2. Enter in zones, not at the top of spikes. 3. Trail stop after TP1 is hit to protect profits. #BTCVSGOLD #XAG