2026/2/4 $XAG Silver Market Analysis and Trading Strategy Recommendations$XAG The silver 4-hour timeframe is experiencing its first strong rebound after a downtrend. Currently, it is not advisable to chase the rally. The bearish momentum has been fully released during the previous sharp decline, and the MACD bullish divergence with a golden cross confirms the bulls' counterattack. However, since the price remains below the long-term moving average (EMA), and the volume did not continue to expand as it rebounded near the previous high-volume zone (90-95), it is premature to conclude that the "uptrend" has begun. A more accurate description is "the downtrend is paused, entering a consolidation/rebound phase." Key level hints: Key resistance levels above: 1. 92.00 - 95.00 zone: This is near the rebound high point in early February (line 167 at 90.84), also a small platform during the previous decline, with trapped sellers exerting pressure. An effective breakout above this zone is the first critical signal whether the rebound can turn into a reversal. 2. 100.00 - 105.00 zone: A stronger resistance area, corresponding to the lower boundary of the consolidation platform before the late January plunge and psychological round numbers. Key support levels below: 1. 85.00 - 86.00 zone: The recent rebound's starting point and the previous consolidation platform, also near the current EMA fast line. If broken downward, the rebound may fail, and the price could return to weak oscillation. 2. 78.00 - 82.00 zone: The double bottom/multiple bottom area formed in early February, serving as the bulls' last line of defense. Once broken, there is a high probability of retesting the previous low at 76.55. Trading suggestions (for reference only): Currently, avoid chasing the rally. Focus on the price action between the key resistance (92-95) and support (85-86) levels. If volume breaks through resistance, consider shifting to a bullish trend; if resistance holds and the price falls back, breaking support, it may retest lower levels. Conservative traders should wait for clearer signals of trend reversal (such as EMA golden cross or price stabilizing above 100).#白银 #Gold Price