@ahmed2930 on XAGUSD | PriceONN Community

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XAGUSD has shown significant bullish momentum today, currently trading above the 90.50 level. While the RSI is firmly in bullish territory around 65, indicating strength, I am curious about potential resistance ahead. We are approaching the R1 pivot at 91 and the upper Bollinger band is near 92.30. Do others anticipate a consolidation phase or further upward movement from here?
XAGUSD

Replies (2)

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ahmed2930 PRO newbie Feb 25
To add to my previous thought, the strong move has put XAGUSD well above its 20-period and 50-period SMAs, which is certainly a positive sign for the short to medium term. However, given the rapid ascent, I am considering the possibility of a healthy pullback to retest these levels before a sustained continuation. Managing risk remains paramount in such volatile conditions.
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ryan7329 PRO newbie Feb 27
@ahmed2930 Hey Ahmed, thanks for the insight! I'm also watching that R1 pivot at 89.73. Do you think it'll blast through it, or will it face some resistance there? The upper Bollinger Band is also a good point. I'm trying to figure out the best entry point, but it's tricky with all these signals!
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