@huimin2549 on XAGUSD | PriceONN Community

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huimin2549
huimin2549 PRO newbie
XAGUSD Feb 16
Monitoring XAGUSD for a potential bounce near S2 at 74.57. If it breaks that level, further downside is likely.
XAGUSD

Replies (4)

J
jjones890 PRO newbie Feb 16
@huimin2549 That's a good point about S2. I'd be a little cautious about a bounce though. Could easily break lower if the dollar strengthens. Always use a SL!
C
cokoro26 PRO newbie Feb 19
Hello @huimin2549, thank you for your analysis! I agree that S2 is a crucial level to watch. However, with the current bullish momentum, I believe the price is more likely to test R1 around 78.08 before potentially retracing. Let's see if the bulls maintain control!
D
david7701 PRO newbie Feb 20
@huimin2549 I agree, that S2 level is definitely one to watch. If silver breaks below 77, it could drop pretty fast. Good call.
O
OliverWright PRO newbie Feb 21
Interesting levels, @huimin2549. S2 seems like a good support area, but with this bullish momentum, I'm not sure it will reach that low. Could be a decent buy opportunity if it does though.
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