12.8 XAG Evening Analysis
Reviewing the day, XAG fell to around 57.5 before stopping 📉, and then began a rebound trend, bouncing to a continuous oscillation and consolidation in the 58.3-58.5 range. The short-term trend shifted from a day’s drop to a slightly stronger oscillation.
From the 4-hour Bollinger Bands perspective, it currently shows a characteristic of 'middle band support, upper band resistance': as the price rebounds, the middle band indicator simultaneously turns upward, becoming a key support for short-term upward movement; the upper band slightly widens, and the lower band remains flat, with the overall band distance moderately expanding. This technical pattern indicates that while the short-term market bullish momentum is dominant, the momentum is still insufficient to support a breakthrough above the resistance level.
Therefore, the intraday strategy remains unchanged
(Enter at 57.0, add at 56.5, protect at 56.0, exit at 58.8)
