@anjalipatel18 on XAGUSD | PriceONN Community
For XAGUSD, I'm observing a potential ascending triangle forming on the H4 timeframe. A breakout above 77.31 (R1) could signal further bullish momentum towards 78.00. However, a failure to break above this resistance might lead to a retest of the 76.76 pivot point. Monitoring volume is crucial to confirm the breakout.
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Update: I've initiated a small long position at 77.25 with a tight SL at 77.00, targeting 77.80. RSI divergence on the hourly chart supports this entry.