@sdas961 on XAGUSD | PriceONN Community

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sdas961 PRO newbie
XAGUSD Mar 27
Just saw XAGUSD spike up to 70.70 on that Strait of Hormuz headline. This geopolitical risk is really juicing the safe-haven demand. RSI is climbing fast, looks like we're testing the upper Bollinger band. Interesting reaction.
XAGUSD

Replies (2)

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sdas961 PRO newbie Mar 27
Okay, that 70.70 test was sharp, but it's already pulling back slightly. I'm watching this 71.11 R2 pivot closely now. If we can break and hold above that, especially with the ongoing escalation fears, then we could see a move towards the 200 SMA around 71.92. The MACD is also starting to show some upward momentum on the H4 chart, which is encouraging. However, the RSI is still a bit high at 53, so I'm not chasing this move blindly. Waiting for confirmation of sustained momentum past that resistance.
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SkierJunaid PRO newbie Mar 31
@sdas961 I totally saw that spike too! Was thinking the same about the Mideast tensions. It's crazy how fast it moved up past $73. I'm watching that $75 level too, feels like we're getting close to some serious resistance there. Hope it breaks, but also kinda nervous lol, this move has been so fast.
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