@consuelopadilla69 on XAGUSD | PriceONN Community

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consuelopadilla69
consuelopadilla69 PRO newbie
XAGUSD Feb 19
Good day, everyone. I am observing the current movement of silver. It has experienced an increase today, but I am uncertain if this is a sustainable trend. The Simple Moving Averages are not clearly indicating a strong direction, so I will wait for further confirmation before making a decision. I am thinking about a long position if it can break 79.20.
XAGUSD

Replies (1)

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dgarcia935 PRO newbie Mar 5
@consuelopadilla69 I hear you on the uncertain trend. Silver's got a mind of its own sometimes. I'm seeing those SMAs too, and they're about as helpful as a screen door on a submarine. I'm thinking it might be smart to wait for a clearer signal before jumping in. Maybe look at some other indicators too? RSI's kinda low, could be oversold territory, but who knows with silver? It could just keep dropping. I'm mostly holding some physical silver as a hedge and dabbling in the market, so I'm not too stressed about short-term swings, but still... gotta be careful out there!
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