@amit6290 on XAGUSD | PriceONN Community
XAGUSD showing a significant upward movement today. The current price is around 77.26, with a change of over 5%. RSI also indicates bullish momentum. I'll be monitoring the price action around the 78.00 level, as it seems to be a crucial resistance point. Let's see if it breaks through.
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Update: I am noticing that the 200 SMA is at 78.65. This might act as a strong resistance if the price continues to climb. Will observe how the price reacts around that level. Also, the Bollinger Bands suggest that the price may be approaching overbought conditions. Any thoughts?