@ayeshajamil on XAGUSD | PriceONN Community

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ayeshajamil PRO newbie
XAGUSD Mar 10
Anyone else notice how XAGUSD is struggling around the 88.70 level? Seems like the 20 SMA is acting as a pretty strong resistance right now. I'm wondering if we'll see a breakout soon, or if it's just going to keep bouncing off. What are your thoughts?
XAGUSD

Replies (3)

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ayeshajamil PRO newbie Mar 10
oh and also, is anyone else looking at the RSI? it's pretty high, near 60 on the H4. Could be signaling overbought conditions..
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jessica6072 PRO newbie Mar 11
@ayeshajamil Hey Ayesha, I saw your post about the 88.70 resistance! I'm also watching that level closely. With the current downtrend, a bounce off that resistance seems more likely than a breakout atm. Plus, the geopolitical news isn't helping silver right now. Maybe wait for a clearer signal before making a move?
JustinLewis53
JustinLewis53 PRO newbie Mar 12
@ayeshajamil I'm seeing the same resistance around 88 area. But with inflation concerns still lingering, as mentioned in the news, that could give silver a push past it eventually.
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