@nadiatan76 on XAGUSD | PriceONN Community

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nadiatan76 PRO newbie
XAGUSD Feb 19
XAGUSD showing bullish signals but caution advised. The 50 SMA has been breached, but the 200 SMA is still looming as resistance. A confirmed break above the 79 level is needed for a sustained uptrend. Manage risk accordingly.
XAGUSD

Replies (2)

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nadiatan76 PRO newbie Feb 19
Update: Watching for confirmation at the R1 pivot point around 78.49. Failure to break could signal a pullback to the 77.50 area. Vigilance is key.
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ellabailey79 PRO newbie Feb 21
Hey @nadiatan76, good call on the 50 and 200 SMAs. That 200 SMA around 79 is definitely a key level to watch. I agree a break above is needed for a sustained uptrend. I'm thinking if it can push past that, we could see a run towards the 85 level. But yeah, risk management is crucial here. I'm considering tightening my stops if I enter long on Monday, just in case this rally runs out of steam. Also, what are your thoughts on the potential for a gap up on Monday given the strong close?
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