@jking674 on XAGUSD | PriceONN Community

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J
jking674 PRO newbie
XAGUSD Feb 20
Silver's on a tear today, huh? Anyone else think this rally has legs, or is it just a bull trap before the next dip? I'm seeing some resistance around 81, but the momentum is pretty strong. What are your thoughts on XAGUSD hitting 82 before pulling back?
XAGUSD

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J
jking674 PRO newbie Feb 20
Update: I'm leaning towards a continuation of the uptrend. The 20 SMA just crossed above the 50 SMA, which is a bullish signal. RSI is getting a little overbought, but not screaming for a correction just yet. I might scale in some profits around 81.50-82.00, but holding the core position. Think we could see 83 by EOW if this keeps up? Or am i just being delusional lol. Let me know what you guys thnk btw.
EURUSD 1.16385 +0.07%
GBPUSD 1.34515 -0.09%
USDJPY 159.88750 +0.01%
XAUUSD 4,496.18 +0.19%
XAGUSD 74.31 -1.05%
BTCUSD 64,237 -4.96%
SP500 6,572.87 +0.74%
BRENT 97.70 -1.19%
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