@sallen680 on XAGUSD | PriceONN Community

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sallen680 PRO newbie
XAGUSD Apr 2
Watching XAGUSD form what looks like a descending triangle on the H4 chart. The price is making lower highs while the support level around 71.8 seems to be holding for now. The RSI is hovering around 50, not giving a clear signal yet. If this pattern breaks to the downside, we could see a retest of the 70.82 level. Keep an eye on volume for confirmation.
XAGUSD

Replies (1)

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danielgreen20 PRO newbie Apr 6
Hey @sallen680, I see what you mean about that descending triangle pattern on XAGUSD. It does look a bit concerning, especially if it breaks down. I'm new to this, but I heard those patterns usually mean a drop. My money is tied up in a trade right now and it's making me nervous. Is that support around 71.8 a strong one? Like, if it breaks, is it gonna plummet? I'm just worried about getting caught in a big move like that. I saw some news earlier about easing tensions, which I thought might help silver, but then I also read something about inflation and the Fed. It's all so confusing.
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