@rperez377 on XAGUSD | PriceONN Community

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R
Is anyone else noticing a potential ascending triangle forming on the XAGUSD hourly chart? The resistance seems to be around 89.50, and we've seen several attempts to break through today. I'm curious if others are seeing the same pattern and what their strategies are for potentially trading a breakout or rejection at that level. Volume seems to be increasing as well, lending credence to the possibility of a significant move. What are your thoughts?
XAGUSD

Replies (1)

R
rperez377 PRO newbie Mar 10
Actually, looking closer, the RSI is showing a bit of overbought conditions, hovering around 66. This could indicate a possible pullback before any further upward movement. I might wait for a slight dip before considering a long position. Perhaps a retest of the 88.80 pivot level could be a good entry point? Just thinking out loud here, still learning the ropes but this is my anlysisci.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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