12.11 XAG Evening
XAG reached a high of 62.868 during the day before showing a slight pullback, with the candlestick forming an upper shadow. The bullish momentum has temporarily paused, and this trend confirms the assessment of pressure near the previous high during the day. Therefore, the evening will continue the intraday bearish trading strategy.
The entry point is still set at 63, which is the near resistance point above the previous high and also a reasonable threshold for the initial layout of the bearish position;
The additional position is set at 63.5, which falls within the "false breakout replenishment range under weak upward movement". If the price breaks above 63 but fails to hold effectively (accompanied by a bearish candlestick and declining volume), it indicates a short-term exhaustion of bullish momentum. At this point, adding to the position can lower the average cost, and the risk is relatively controllable;
The stop-loss is placed at 64, which is a key resistance level above the previous high. If the price can effectively hold above 64, the current technical structure of "pressure after a rise" will be broken, and the bearish logic will become invalid. This stop-loss level also allows for sufficient flexibility in market fluctuations;
The target is looking towards the range of 60.8-60, providing a reasonable target based on the pullback space below the resistance level.
(Entry at 63, add at 63.5, stop at 64, target 60.8-60)
The above is a personal opinion and does not constitute investment advice.
