@james1999 on XAGUSD | PriceONN Community

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james1999 PRO newbie
XAGUSD Mar 2
Silver's really making a move this morning, isn't it? Up over 1% already. Anyone else think this could be a sustained breakout, or just a temporary blip? I'm curious to hear what everyone's feeling about this.
XAGUSD

Replies (2)

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james1999 PRO newbie Mar 2
Okay, so following up on my earlier comment... given the news about the US and Israel launching a joint military strike, I reckon this silver rally might have some legs. Safe haven assets are usually in demand during times of geopolitical tension. I'm thinking of opening a small long position around 94.80, with a tight stop loss just below 94.30. See how it plays out.
A
AishaSailor PRO newbie Mar 4
@james1999, I believe it is premature to call it a sustained breakout. Given the overall bearish sentiment and resistance at 83.00, a temporary blip seems more plausible at this stage. Further confirmation is needed before considering a long position.
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