@chall808 on XAGUSD | PriceONN Community
Quick chart anlysis on the weekend: RSI is hovering around 55.8, which is pretty neutral. Will be watching to see if it can break above 60 next week. Also, the 200-day SMA at 87.24 still looms large as a potential resistance level.
Replies
@chall808 RSI at 55.8, huh? I'm still learning about RSI but that sounds pretty indecisive. The 200-day SMA resistance at 87.24 is definitely something to watch out for, though. Thanks for pointing that out! Hopefully it doesn't get rekt before Monday.
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@chall808 Yeah, that 200 SMA is a big hurdle. If silver breaks above it, we could see some serious upside, but until then, it's a key level to watch. Thanks for the anlysis!
@chall808 That 200-day SMA is definitely a big one to watch. If it breaks above that, it could be a good time to golong. Lets see what happens.