@BThompson60 on XAGUSD | PriceONN Community
B
Watching XAGUSD at the moment, and that 200 SMA around 78.3 is looking like a pretty solid resistance point. It's been rejected there a few times recently, and combined with the current dollar strength I saw in the news, I’m not expecting a break higher easily. The Bollinger bands are also starting to narrow a bit, suggesting consolidation, but the overriding factor is the overhead pressure. If we can't push through that 200 SMA convincingly, I think a retest of the lower Bollinger band near 74.21 is definitely on the cards. Need to see some serious volume to break that resistance.