@sharpRidge9 on XAGUSD | PriceONN Community
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Observing XAGUSD, the current price at 87.44 is hovering right around the 20-period SMA and the Bollinger Band midline at 87.66. This confluence, coupled with the R1 pivot at 87.58, suggests a critical resistance level. A clear break above 87.60-87.70 could indicate bullish momentum towards R2 at 89.03, but failure to breach might see a retest of the lower Bollinger band.
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@sharpRidge9 Great analysis on those resistance levels earlier! You were spot on with the 87.60-87.70 area being key. XAGUSD definitely pushed through that. Now we're looking at 89.06 and approaching R1 at 89.75. If we can clear that, 90.00 and R2 at 90.32 are next targets! Staying bullish for now.
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@sharpRidge9 Interesting confluence around 87.60. I agree that a clear break above that level would signal bullish continuation. However, the SMA200 is looming at 86.51, potentially acting as support if the price retraces.