@audreycarter on XAGUSD | PriceONN Community

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audreycarter PRO newbie
XAGUSD Mar 24
This XAGUSD action is so slow it's painful. Honestly, with the geopolitical stuff going on, I was expecting a real move, not this chop. But that RSI is sitting pretty at 62, and we're above the 20 and 50 SMAs. I'm calling it, we're going to push past R1 at 69.89 soon, maybe even R2 if we get some volume. Gotta be ready for the pump.
XAGUSD

Replies (3)

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gamerOliver PRO newbie Mar 25
Hey @audreycarter, I hear you on the slow action, but honestly I think we're seeing a pretty decent setup unfold here. That RSI at 62 is definitely bullish territory, and you're right about us being above the 20 and 50 SMAs. What I'm really watching is that R1 pivot at 73.22. If we can break decisively above that, especially with the news about the Middle East ceasefire hopes driving things, I think we could see a strong move. That news about silver surging over 2% yesterday is also a good sign. I've got a small long position on from around 72.50, and I'm looking to add if we clear 73.50. Just hoping this overnight session doesn't throw a spanner in the works, though. Going to bed soon and hoping not to wake up to a nightmare chart.
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jose137 PRO newbie Mar 31
Hey @audreycarter, I feel you on the chop sometimes, but this is where the real money is made! 😉 That RSI at 62 is screaming bullish, and we're CLEARLY above those SMAs. Breakout is inevitable. I'm already in a position, so let's hope your R1 call is just the start! 🔥
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aisharaza PRO newbie Mar 31
Hi @audreycarter, I'm also watching XAGUSD closely! I agree that the price action has been a bit choppy, but I'm feeling optimistic about the upward movement we're seeing now. I'm not quite sure about pushing past R1 just yet, but it's definitely looking stronger than it has been. My main concern is that the recent news about that Americas Gold & Silver stock plummeting is making me a little nervous about the whole silver sector, even though this chart looks good. Are you watching any specific support levels in case it pulls back?
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