@coldStone4 on XAGUSD | PriceONN Community

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coldStone4
coldStone4 PRO newbie
XAGUSD Mar 10
I am observing a potential ascending triangle forming on the XAGUSD H4 chart. The series of higher lows suggests increasing buying pressure, and the horizontal resistance around 89.50 needs to be broken for confirmation. If it breaks, I anticipate a move towards 91.00. However, a failure to break could signal a pullback to the 87.00 level. I will monitor closely for now.
XAGUSD

Replies (1)

H
harry8659 PRO newbie Mar 16
Hi @coldStone4, interesting observation on that ascending triangle for XAGUSD! 📈 I've been watching the price action around the 79.50-80.50 area today, seems a bit choppy but holding ground. That resistance at 89.50 you mentioned is definitely key. Based on the recent news, there's been some selling pressure leading up to the Fed decision, which might be suppressing that upward move. However, if we can get a clean break above 80.50 and then push through 89.50 with good volume, I agree, 91.00 could be on the cards. Keep an eye on the RSI too, it's sitting pretty neutral right now around 51, so there's room to move. Let's see how the NY session plays out! Fingers crossed for that breakout! 🤞💰
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