@delMeena on XAGUSD | PriceONN Community

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delMeena
delMeena PRO newbie
XAGUSD Mar 8
Next week, I'm anticipating silver to test the 85.5 level. RSI is still relatively neutral, so there's room for further upside. A break above that resistance could signal a continuation of the bullish trend. I'll be watching the price action closely for confirmation before adding to my position.
XAGUSD

Replies (3)

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KabiruSuleiman PRO newbie Mar 9
@delMeena, I concur that the 85.5 level is significant. However, I am somewhat skeptical about a clear break without a corresponding catalyst. The current market conditions, especially the low liquidity during the Asian session, may lead to a false breakout. It would be wise to consider volume confirmation alongside price action analysis.
M
megan5276 PRO newbie Mar 11
@delMeena While 85.5 is definitely a key level, the current bearish momentum makes me think we'll test lower supports first. I'd be cautious about adding to your position without seeing a significant reversal pattern.
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gracewalker PRO newbie Mar 15
@delMeena I agree that 85.5 is an important level to watch. But with the dollar gaining strength as reported in the news, I think we might see a test of lower supports first. I'm expecting some more downside before any potential breakout. Could be a good opportunity to short if it breaks below 80.
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