12.19 XAG Evening
XAG initially declined to the 64.4 line during the day, then immediately started a rebound trend, reaching a peak near 66.2, before entering a narrow consolidation phase.
From the hourly Bollinger Bands perspective, the lower band remains parallel, with points touching the upper band before promptly retreating, but the extent of the retreat is not large and does not fall back to the middle band. During the retreat, the K-lines produced small bearish and bullish candles, indicating strong bullish support without any trend reversal signals.
The slope of the middle and upper bands diverges upwards, reflecting sufficient momentum for a short-term upward trend, with points consistently operating above the middle band. There has been no effective pullback during the consolidation, clearly dominated by bullish patterns.
(65.1 entry, 64.6 add, 64.3 stop, looking at 67-69)
Personal opinion, does not constitute investment advice
