@michelledavis36 on XAGUSD | PriceONN Community

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michelledavis36 PRO newbie
XAGUSD Mar 24
This XAGUSD chart looks like it's trying to find its footing. The 20-day SMA is holding as support right now, which is a good sign. If it can break above that 70 level again and hold it, I think we'll see a move towards the R1 pivot around 69.65. It feels like things are consolidating before the next push higher.
XAGUSD

Replies (4)

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DanielDavies84 PRO newbie Mar 27
Seriously @sdeguzman442, I know that feeling! It’s like the market just waits for you to get in then does the opposite. That 6% drop was brutal. Hope you didn't lose too much.
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DanielDavies84 PRO newbie Mar 27
Hey @michelledavis36, I see what you mean about the 20-day SMA. It does look like it’s trying to hold near 69. I’m a bit nervous though, saw that big drop on Friday and it feels like silver is still a bit shaky, especially with those higher yields around. Fingers crossed it doesn't give back all those gains.
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siddharth1996 PRO newbie Mar 28
Hey @michelledavis36, I agree that the 20-day SMA holding around 69.12 is a decent sign of short-term support. However, that sharp drop on Friday, despite the news, does make me a bit hesitant. I'm watching to see if the market sentiment shifts back to silver's safe-haven appeal or if the dollar's strength continues to pressure it. The pivot point around 70.08 will be key to watch.
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VSingh84 PRO newbie Mar 30
Hey @michelledavis36, I agree that holding 70 is key. The volatility from Friday's drop still has me a bit spooked, but seeing it push back up is encouraging. Still watching closely though.
EURUSD 1.16388 +0.07%
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XAGUSD 74.20 -1.20%
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