@shantidevi on XAGUSD | PriceONN Community
Good morning everyone! XAGUSD is showing some really interesting movement today, trading around 89.06. While the trend is currently neutral, we have seen a nice 2.22% gain, which is quite exciting!
The price is positioned above the 50-day SMA but slightly below the 20-day SMA, indicating a potential struggle for immediate direction. With RSI at 46.3, it suggests a balanced market, but I'm optimistic for a potential push towards the R1 pivot at 90.26. Let's watch for a decisive move above the 20-day SMA!
The price is positioned above the 50-day SMA but slightly below the 20-day SMA, indicating a potential struggle for immediate direction. With RSI at 46.3, it suggests a balanced market, but I'm optimistic for a potential push towards the R1 pivot at 90.26. Let's watch for a decisive move above the 20-day SMA!