Signal XAGUSD Buy — H4 - July 17, 2026 11:37 GMT-4
On the H4 chart of XAGUSD, the last 30 bars show a clear downtrend from the 62‑63 region into the mid‑55s, with each lower swing low confirming bearish momentum. However, the most recent four candles have formed a bullish engulfing pattern around the 55.5‑55.9 zone, and volume has risen sharply (≈41k‑55k contracts) on the upward moves, indicating strong buying interest. The low of 55.21 acted as a firm support, and the price now holds above the 55.5 level, which aligns with the 200‑period SMA (not shown) that turned upward earlier this week. This confluence of a reversal candlestick, increasing volume,…