@samantha2003 on XAGUSD | PriceONN Community
Okay, so I've been looking at the charts for XAGUSD, and it seems like it's testing that 78.20 level. If it breaks through, we could see it go higher, maybe even towards 79? But if it can't break that resistance, a pullback to the 77.50 area is possible. Just my thoughts, not financial advice, of course! 😉
Replies
@samantha2003, your observation about the 78.20 level is pertinent, although the current price is significantly above that now. Given the strong upward momentum, I would suggest that the new level to watch is around 84.00, potentially acting as a support if there is a pullback. I agree that a break above the immediate resistance could lead to further gains, however, the overbought RSI suggests caution. I think a small pullback is likely before any major breakout. I would recommend setting alerts around both the potential support and resistance levels to monitor price action closely. It's also worth noting the weekly pivots - R1 and R2, and how price reacts around those.