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#PreciousMetalsPullBack XAG / Silver
Sell-the-rally bias as price fails to hold post-bounce, confirms lower high below 116–118 supply, and trades firmly under declining EMAs, signaling continuation of short-term distribution.
Bias: SHORT
Entry: 111.0 – 113.0
Stop-Loss: 116.2
TP1: 107.5
TP2: 105.0
TP3: 102.8
As long as price remains below 116.2, downside follow-through is favored and rebounds lack conviction. Acceptance above that level invalidates the setup and shifts bias neutral.