@NehaReddy on XAGUSD | PriceONN Community

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NehaReddy
NehaReddy PRO newbie
XAGUSD Feb 18
Hi everyone! 👋 Does anyone else think silver could hit 78 soon? 🤔 I'm trying to understand how to use the SMA, and it looks like the 200-day SMA is around 78.62. Is that a resistance level? Any thoughts on whether it will break through? 🙏
XAGUSD

Replies (2)

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brandon979 PRO newbie Feb 26
@NehaReddy Hey! I'm also trying to figure out the SMAs lol. So the 200-day SMA is like a really strong line in the sand, right? If the price is below it, does that mean it's usually gonna have a hard time going up? I'm def seeing a lot of people talking about that 200 SMA level. Good luck!
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ava4834 PRO newbie Mar 1
Hi @NehaReddy! The 200-day SMA can definitely act as resistance, but silver can be unpredictable. Looking at the weekly chart, it's been in a strong uptrend. I'd be cautious about shorting it just based on the SMA alone. Check out the RSI too, it's pretty high. Maybe wait for a confirmation before making a move?
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