@kevin8143 on XAGUSD | PriceONN Community

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K
kevin8143 PRO newbie
XAGUSD Feb 16
My analysis indicates a somewhat indecisive market for silver currently. The price is fluctuating around the 76.7 level, and the RSI isn't giving a clear signal. I'm hesitant to make any large moves until I see a more definitive trend emerge, possibly waiting for a break above the 77.14 resistance or below the 76.4 support.
XAGUSD

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K
kevin8143 PRO newbie Feb 16
Update: I've noticed the 20-day SMA is very close to the current price. Is that a strong indicator to watch? From what I've read, it could act as a dynamic level of resistance or support, depending on which way the price breaks. I'm relatively new to using SMAs in my trading strategy, so any insights would be appreciated.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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