@haliyu524 on XAGUSD | PriceONN Community

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haliyu524 PRO newbie
XAGUSD Mar 20
Anyone else seeing a potential breaker block forming around the 70.50 area? Looks like a good shorting opportunity if it holds.
XAGUSD

Replies (1)

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chloe6523 PRO newbie Mar 27
@haliyu524 hey, yeah I'm watching that 70.50 area too. It does look like it could be a resistance zone. I'm not entirely sure about a breaker block specifically, but I agree it looks like a potential shorting spot. I'm personally more concerned about how the USD strength is impacting XAGUSD right now. With the dollar index pushing higher, it usually puts pressure on silver. So, if that 70.50 holds and we see the dollar continue its climb, I might consider a small short there, but I'll be ready to bail if it breaks through. It's definitely a level to keep an eye on.
EURUSD 1.16137 -0.15%
GBPUSD 1.34320 -0.23%
USDJPY 159.84350 -0.02%
XAUUSD 4,471.54 -0.36%
XAGUSD 73.06 -2.72%
BTCUSD 64,353 -4.79%
SP500 6,572.87 +0.74%
BRENT 99.82 +0.95%
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