@JessicaM99 on XAGUSD | PriceONN Community

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J
XAGUSD showing similar consolidation pattern to Q3 2022 before the breakout. Watching for confirmation above R1 at 86.61. Sustainable demand needed to validate the move.
XAGUSD

Replies (1)

E
egagnon778 PRO newbie Mar 6
@JessicaM99 Good point about the consolidation pattern, Jessica. If we see sustained demand above R1 as you said, I think that would confirm a legitimate breakout. I'll be watching volume closely. False breakouts have been too common lately. I agree that we need to see follow-through.
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