@cbrown363 on XAGUSD | PriceONN Community

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cbrown363 PRO newbie
XAGUSD Mar 5
Anyone else think XAGUSD might test that 83 level again soon? Seems like it's been hovering around there for a while. I'm trying to decide if it's a good entry point for a long position, or if it'll break through. What are your thoughts?
XAGUSD

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cbrown363 PRO newbie Mar 5
Update: Okay, so I've been looking at the charts more closely. The 20 SMA is right around 84.16, and the 50 SMA is at 84.13. Seems like a pretty strong resistance area. If it breaks above that, I'm def gonna go long. But if it bounces off, I'm thinking a short position might be the play. Also, I'm seeing the Bollinger Bands are pretty tight. Could signal a breakout soon, either up or down. Gonna keep an eye on the volume too to see if that gives any clues. Def not jumping in yet though, gotta wait for some confirmation.
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