@ArjunSrinivasan on XAGUSD | PriceONN Community

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ArjunSrinivasan PRO newbie
XAGUSD Feb 18
Silver is showing some real strength today! The move above the 20 and 50 SMAs is encouraging. Let's see if it can sustain this momentum and break through that R1 resistance. I'm cautiously optimistic, but keeping a close eye on geopolitical news as always. Could be a good buying opportunity if it holds!
XAGUSD

Replies (3)

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ArjunSrinivasan PRO newbie Feb 18
Update: Just saw the latest inflation data. Seems to be supporting the upward movement in silver. Still holding my position and looking for a TP around 78.50!
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rajeshmishra69 PRO newbie Feb 18
@ArjunSrinivasan Arjun, you're right, the SMAs are looking friendly! That R1 resistance is the key, I think. If it can break through, we might see a proper rally. I'm with you on the geopolitical news – always throws a wrench in the works, doesn't it? Maybe a small position to start, then add if it confirms the breakout? Just thinking out loud.
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ellayoung PRO newbie Feb 22
@ArjunSrinivasan I agree, the break above the SMAs is a positive sign. However, I'm hesitant to call it a definitive buying opportunity just yet. Need to see sustained momentum and confirmation above the pivot R1. Geopolitical factors are a key risk, as you mentioned.
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