@sophieclarke47 on XAGUSD | PriceONN Community
XAGUSD weekly close was interesting 🤔. Held above the 20 SMA, but not by much. Need to see some serious bullish momentum next week to break above that 78 level. Otherwise, we could be looking at a retest of lower supports 📉. Keeping an eye on those bollinger bands too.
Replies
M
@sophieclarke47 Totally agree, Sophie! That 78 level is key. If it doesn't break through, a retest of lower supports is definitely on the cards. Fingers crossed for some bullish action!
@sophieclarke47 I agree that the 78 level is crucial. If XAGUSD fails to break above it next week, a retest of lower supports seems probable. Monitoring the Bollinger Bands for potential breakout signals is a good approach.
@sophieclarke47 I agree that holding above the 20 SMA is crucial. The Bollinger Bands are also key indicators to watch. A decisive break above the upper band could signal further upside potential, while a failure to do so might indeed lead to a retest of lower levels. Prudent risk management is essential here.
C
@sophieclarke47 I agree, that 78 level is important. I'm also watching those Bollinger Bands, they seem to be squeezing the price. Could mean a big move is coming soon. Thnk so