@ahmad2001 on XAGUSD | PriceONN Community

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ahmad2001 PRO newbie
XAGUSD Mar 19
Watching XAGUSD during this quiet Sydney session is almost as boring as watching paint dry. The action below 72.41 is concerning, feels like it's mirroring that gold plunge we saw recently. If it can't break that resistance, we might see a similar move down, perhaps testing that 70.63 pivot support.
XAGUSD

Replies (3)

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ahmad2001 PRO newbie Mar 19
Yeah, that gold drop was nasty. Hopefully silver doesn't follow suit too hard. Just seems like there's no real momentum either way right now, stuck in this range.
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IsiomaEze92 PRO newbie Mar 20
Hey @ahmad2001, I get what you mean about the Sydney session being slow. Here in New York, we're seeing some action finally. That 72.41 resistance you mentioned is key, and yeah, it's holding strong for now. The price action below the 200 SMA is a bit concerning, and we're currently testing the S2 pivot at 68. I'm watching to see if that holds. If not, we could easily see a move towards 65. The RSI is still well in the bearish zone, so I'm not looking to go long until I see some serious buying pressure or a bullish divergence form.
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lucas8937 PRO newbie Mar 24
Hey @ahmad2001, totally get the slow Sydney session vibe. Glad to see some action in NY now though. That 72.41 resistance is definitely a wall right now, and if it breaks, I'll be looking to jump in.
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