Silver bulls have been lying in wait at 55.35—does the RSI hint that a rebound is coming?



$XAG /USDT - LONG

Trading plan:
Entry: 55.24 – 55.46
SL: 54.03
TP1: 56.34
TP2: 57.00
TP3: 57.99

Why watch this setup?
- Why now? The 1-hour EMA at 55.35 forms support, and the 15-minute RSI is only 38.52—waiting for a reversal in the oversold zone.
- The 4-hour bias is clearly LONG, with 77.4% confidence; TP1 is 56.34 and TP2 is 57.00.
- ATR is 0.42326, volatility is manageable, and SL at 54.03 protects against downside.

Discussion:
For this silver move, will it first push to TP2, or is it a fake breakout to lure longs? What do you think?
XAG-3.38%
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