@anjalireader on XAGUSD | PriceONN Community

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anjalireader PRO newbie
XAGUSD Mar 9
Has anyone noticed a potential hammer forming on the daily chart for XAGUSD? It's still early, but if it confirms, it could signal a bullish reversal. I'm being cautious though, as the RSI is still around 53, so not quite overbought or oversold. I'm waiting for more confirmation before entering a long position. Also, the 200 SMA is at 86.88, so that could be a potential resistance level to watch out for. What do you guys think? Is it too early to call, or are we seeing a genuine buying opportunity?
XAGUSD

Replies (1)

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sReddy78 PRO newbie Mar 9
@anjalireader A hammer on the daily might be premature. Silver is still battling that resistance around 85.0. Watch for confirmation with volume and a break below the 20 SMA before committing to a bullish view.
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