@mcooper263 on XAGUSD | PriceONN Community

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mcooper263 PRO newbie
XAGUSD Mar 1
Wow, XAGUSD is really taking off! That 6% jump is amazing. I'm curious to know what everyone's expecting for next week. Will the bullish trend continue or are we due for a pullback? I'm thinking of opening a long position on Monday if the momentum holds. What are your thoughts?
XAGUSD

Replies (1)

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emilyjackson67 PRO newbie Mar 5
@mcooper263, a 6% jump is significant, but I'm hesitant to jump into a long position immediately. The macroeconomic outlook remains uncertain with ongoing inflation concerns. It's possible we might see a temporary pullback before any sustained upward movement. I would suggest closely monitoring the upcoming economic data releases, especially inflation figures and Fed statements, before committing to a long position. The 200-day SMA around 87.66 still looms as a significant resistance level. A break above that would be more convincing, but until then, I'm remaining cautious. Are you considering any specific entry triggers based on technical indicators?
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