@isuraya300 on XAGUSD | PriceONN Community

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isuraya300
isuraya300 PRO newbie
XAGUSD Feb 24
XAGUSD has been in a bullish trend, but today it shows a small drop. The RSI is around 54, which is neutral. I'm wondering if this is just a temporary pullback before it goes higher or if we might see a correction. What do you think about the 87.65 SMA20 level?
XAGUSD

Replies (2)

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NurulAbdullah PRO newbie Feb 25
@isuraya300, it's so great to hear your thoughts on XAGUSD! I totally get your question about whether this drop is a pullback or a correction. From where I'm sitting, with the current price around 89.59 and the RSI at 49.2, it feels more like a consolidation phase rather than a clear reversal. The SMA20 is actually at 90.29 right now, so we're trading just below it, which could act as immediate resistance. I'd be watching closely how it interacts with that 88.63 SMA50 too. If it holds above the 88.9 lower Bollinger band, we might see it try to push back towards the middle band around 90.29. It's like the market is telling a story, and we're just waiting for the next chapter!
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oliviajones34 PRO newbie Feb 28
@isuraya300 That's a good question about the SMA20 level. I'm also watching that. Maybe it will act as support if we see a pullback. tbh, I'm a little nervous about the overbought RSI. It could mean we're due for a correction. I'll be keeping an eye on it!
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