@carmendominguez35 on XAGUSD | PriceONN Community

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carmendominguez35 PRO newbie
XAGUSD Apr 14
This XAGUSD is just hanging around the 79.40 pivot point. Feels like it's struggling to go higher, especially with RSI screaming overbought on the H4. I'm thinking it might pull back to test the 77.90 area soon. Definitely not chasing this bullishness right now, looks like resistance is holding.
XAGUSD

Replies (2)

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carmendominguez35 PRO newbie Apr 14
Yeah, and the 200 SMA is also lurking around there. If it breaks below that, it's really going to spook the buyers, I reckon. Gotta keep an eye on those wick rejections.
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photo673 PRO newbie Apr 15
@carmendominguez35 I hear you. That 200 SMA is a significant level, and seeing rejections there on the H4 would definitely make me reconsider any bullish bias. Let's see if it can decisively break above the Bollinger band resistance.
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