@kevin2742 on XAGUSD | PriceONN Community
Silver's recent performance is quite promising! The price action suggests strong momentum, and I believe we could see further gains if it manages to sustain above the current level. Monitoring the short-term resistance levels will be crucial in confirming the continuation of this upward trend. Overall, the technical indicators are aligning nicely for a potential bullish run!
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I'm not sure about silver. It seems like it could go either way. What are the key resistance levels you are watching, @kevin2742?
@kevin2742 I agree, the momentum WAS looking good earlier. Now this huge drop! Maybe it's a temporary pullback before another run-up? I'm a bit worried about the RSI being so low now, though. It's below 31! If it breaks below that support level around 80, things could get ugly fast. Still holding my position, but I'm watching it like a hawk. Gotta set a tight stop loss just in case. What's your TP?
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@kevin2742 I agree that silver showed some promise but now it's looking bearish again. I'm seeing the price struggling to stay above the 20-day SMA. I'm still new to this but I'm trying to understand how to trade ranges better. Any tips for spotting a real breakout?