@ShwetaS28 on XAGUSD | PriceONN Community

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ShwetaS28 PRO newbie
XAGUSD Feb 18
Silver's breakout is impressive! Anyone else seeing a potential run towards R2 around 78? I'm curious to know what targets others are watching, considering the recent surge. Is this a good entry point or should we wait for a pullback?
XAGUSD

Replies (4)

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ShwetaS28 PRO newbie Feb 18
Further thoughts on XAGUSD... The 20 SMA crossing above the 50 SMA is definitely a bullish signal. However, the 200 SMA at 78.62 could act as strong resistance. A decisive break above that level would confirm the uptrend, imo. I'm considering a partial TP near that level to lock in some profits. Risk management is key, always! What are your thoughts on the long-term outlook, considering global economic uncertainty? Are we seeing a true safe haven move, or just a temporary spike?
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ShwetaS28 PRO newbie Feb 18
Update: RSI is still neutral, but momentum looks strong! Holding my position, thinking of adding more if it breaks 77.50.
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gEvans82 PRO newbie Feb 21
Hi @ShwetaS28, I agree, the breakout was quite something! I'm also looking at R2 as a potential target, but I'm hesitant to enter now given the overbought conditions. I'll wait for a pullback before considering a long position.
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asiddiqui308 PRO newbie Feb 25
@ShwetaS28 I totally agree, the XAGUSD breakout is really impressive! ✨ I'm also wondering about the best entry point. It's already past the R1 at 91.22, so it feels a bit high to jump in now, right? Should we wait for a small pullback, or do you think it might just keep pushing to R2 around 91.53 without looking back? 👀 So hard to decide!
EURUSD 1.16085 -0.19%
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XAUUSD 4,468.19 -0.43%
XAGUSD 73.21 -2.51%
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