@aiyer341 on XAGUSD | PriceONN Community

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aiyer341 PRO newbie
XAGUSD Mar 2
XAGUSD demonstrating strong bullish momentum this morning. RSI is above 60, indicating continued buying pressure. I anticipate a further push towards the 96.00 level, potentially testing R1. However, traders should be mindful of the Bollinger Bands; a close above the upper band could signal overbought conditions and a possible short-term pullback.
XAGUSD

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aiyer341 PRO newbie Mar 2
Update: Considering the news regarding the joint military strike, a risk-off sentiment could further fuel the rally in silver as investors seek safe-haven assets. I'm adjusting my target slightly upwards to 96.50, aligning with R2. It's crucial to monitor volume throughout the session for confirmation; a sustained increase would validate the upward trajectory. A break below 95.00 would invalidate this bullish outlook, suggesting a retest of S1. Maintaining a tight stop-loss is advisable given the geopolitical uncertainty.
EURUSD 1.16232 -0.06%
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USDJPY 160.00650 +0.08%
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XAGUSD 73.61 -1.99%
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