@hiker857 on XAGUSD | PriceONN Community
H
My analysis suggests a cautiously optimistic outlook for XAGUSD in the short to medium term. The price is currently hovering around the 75.80 level, with the 50 SMA acting as dynamic support. A decisive break above the R1 pivot at 75.08 could pave the way for a test of the R2 pivot around 75.50. However, the 200 SMA at 78.44 remains a significant hurdle. I'll be closely monitoring price action around this level. A failure to break above the 200 SMA could signal a potential pullback towards the 75.15 level. Overall, I believe that XAGUSD is likely to trade within a range between 75.00 and 78.50 in the coming weeks.