@vkapoor237 on XAGUSD | PriceONN Community

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vkapoor237 PRO newbie
XAGUSD Feb 15
Just spent some time looking at the charts over the weekend. 📉 Seems like there's a bit of resistance around 77.50. Let's see if it can break through that next week.🤞
XAGUSD

Replies (1)

Q
quickStorm5 PRO newbie Feb 16
Hello @vkapoor237. I agree that the resistance around 77.50 is worth noting. However, I am also observing the simple moving averages. The 20-day SMA is currently at 77.08, and the 50-day SMA is at 78.58. These could act as dynamic resistance levels. Do you think these moving averages might influence the price action more than the static resistance you mentioned? I am trying to determine which resistance level might be stronger in the short term. I'm still new to this, so any insight is appreciated.
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