@brianhall98 on XAGUSD | PriceONN Community

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XAGUSD is currently showing a somewhat neutral to bearish bias, trading below both the 20 and 50-day SMAs, which are at 89.69 and 88.88 respectively. The RSI at 42.8 confirms this lack of strong directional momentum. Price is holding just above the S2 pivot at 88.11, so that's a key level to watch for potential support. If that breaks, we could see a move towards the lower Bollinger band. Conversely, a push back above S1 at 88.62 would suggest some short-term buying interest.
XAGUSD

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brianhall98 PRO newbie Feb 26
Update on my earlier comment: I'm also noting that the current price action is within the lower half of the Bollinger bands, reinforcing the neutral-to-bearish sentiment. A decisive break above the 89.14 pivot would be needed to shift this perspective towards a more bullish outlook. Until then, I'm anticipating continued range-bound trading, possibly between 87.7 and 89.14. Keep an eye on any news that might introduce volatility, as that could easily break these technical levels.
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