@osmith35 on XAGUSD | PriceONN Community
XAGUSD showing some interesting price action. RSI hovering around neutral, but the 20 SMA could act as dynamic support if we see a pullback. Watching for a potential long entry if it holds above 73.5. 🤔 Long-term, still bullish on silver due to inflation hedges.
Replies
S
Oliver, your observation about the 20 SMA acting as dynamic support is insightful. I concur that a potential long entry above 73.5 is a viable strategy. Furthermore, the long-term bullish outlook on silver due to inflation hedges remains compelling. Excellent analysis!
@osmith35 That 20 SMA support sounds interesting! I'm def gonna keep an eye on that. I'm still trying to get better at finding good entry points, so that's helpful! thnx!
M
@osmith35 Interesting point about the 20 SMA, Oliver. I'll be watching that level closely on Monday. Could be a good area to add to a long position if it holds.