@mmiller673 on XAGUSD | PriceONN Community

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M
mmiller673 PRO newbie
XAGUSD Mar 4
This reminds me of the silver rally back in 2021! We saw a similar surge followed by consolidation around the 50 SMA. If history repeats itself, we might see a push towards the R1 pivot around 86.46. I'm watching the RSI closely to see if it gets overbought though, could signal a pullback is coming.
XAGUSD

Replies (1)

M
mmiller673 PRO newbie Mar 4
Update: Just noticed that the Bollinger Bands are starting to widen on the hourly chart. This could indicate increasing volatility and a potential breakout in either direction. I'm going to wait for a clear signal before committing to a long position. Need to see more volume confirmation!
EURUSD 1.16297 +0.15%
GBPUSD 1.35468 +0.24%
USDJPY 153.86050 -1.52%
XAUUSD 4,410.37 -0.46%
XAGUSD 66.24 +0.12%
BTCUSD 79,115 -0.98%
SP500 6,572.87 +0.74%
BRENT 95.38 +1.18%
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