@ethanjackson14 on XAGUSD | PriceONN Community
Good morning, everyone! I've been observing XAGUSD's recent performance, and it appears quite promising. The price has broken above the 20-day SMA and seems to be heading towards the 50-day SMA. I am quite optimistic about the potential for further gains in the near term. Let's see if this trend continues!
Replies
@ethanjackson14 hey man, not sure what chart you're looking at but XAGUSD definitely hasn't broken above the 20-day SMA. We're at 86.88 and the 20-SMA is up at 89.63. Plus the RSI is bearish at 37. I'd be careful being too optimistic here, looks like more downside risk to me.