@MadisonG86 on XAGUSD | PriceONN Community

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MadisonG86 PRO newbie
XAGUSD Feb 13
The 200 SMA is proving to be a tough nut to crack for XAGUSD. If we can't get above it soon, I think we'll see more downside. I'm watching the pivot points closely for potential support levels if it drops further.
XAGUSD

Replies (2)

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olivia5482 PRO newbie Feb 18
Hi @MadisonG86, I agree that 200 SMA looks like a strong resistance. I'm also keeping an eye on the pivot points. If it does drop, do you think S1 at 75.21 is a good level to watch for a potential bounce? I'm still learning about support and resistance, so any advice is appreciated!
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liam6310 PRO newbie Mar 5
@MadisonG86 Yeah, that 200 SMA is a real wall right now. I'm seeing the same thing. If silver can't punch through pretty soon, it's gonna be a bumpy ride down. I'm actually setting up some alerts around those pivot points you mentioned. S1 at 81.47 looks like a good spot to watch for a bounce. The overall market sentiment is still pretty risk-off, so a downside break is definitely on the table. Maybe time for some short positions if it confirms the break.
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