@painter868 on XAGUSD | PriceONN Community

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painter868
painter868 PRO newbie
XAGUSD Feb 17
XAGUSD's break below the Bollinger Band middle band confirms the selling pressure. Expecting further declines in the short term.
XAGUSD

Replies (1)

A
agray847 PRO newbie Mar 2
@painter868 I see what you're saying about the break below the Bollinger Band middle band. However, I think the overnight news might be injecting some unexpected volatility. It seems like XAGUSD is acting more as a safe haven right now, potentially overriding the technical signals. I'm not convinced the selling pressure will hold, especially if this geopolitical situation escalates further. We might see a sharp reversal if sentiment shifts again. Plus, the SMA200 still looks like a solid support level in the long run. Just my two cents.
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