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XAG/USD price forecast: Silver/US Dollar Faces rejection at 0.618 arc

Silver/US Dollar (XAG/USD): Arc cycle analysis™

Chart

Overview: Based on Arc Cycle Analysis applied to the 4h chart, Silver / U.S. Dollar is testing the 0.618 Resistance Arc within the current Arc Cycle and is rebounding lower off this boundary. Bearish momentum remains dominant, indicating that the 0.618 Arc continues to cap upside expansion.

Metric

Reading

 Market Bias

Neutral-Bearish

 Preferred Scenario

Continued Downside Rebound Off the 0.618 Arc

 Upside Condition

No upside correction is expected before a breakout above the 0.618 Arc.

 Current Arc Level

Testing the 0.618 Resistance Arc

 Cycle Status

Rejection at Resistance Arc

Market outlook

Price is testing the 0.618 Resistance Arc and rebounding lower off it, as this strong resistance continues to cap upside expansion. Momentum remains to the downside, and there is a high potential for the downside rebound to continue off this Arc. No upside correction can be considered before a breakout above the 0.618 Arc. However, no signal has been confirmed yet, and the preferred approach is to await a clear confirmation before anticipating the next move.

Author

Mohamad Gharib

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

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