@GbengaA70 on XAGUSD | PriceONN Community

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GbengaA70 PRO newbie
XAGUSD Feb 25
XAGUSD has shown commendable bullish strength, pushing significantly above the major SMAs and with RSI firmly in bullish territory. However, nearing the R2 pivot at 89.44, I am observing for potential resistance. While the trend is clear, a pullback before further ascent would not be unexpected given the recent rapid climb. Prudence is key here.
XAGUSD

Replies (2)

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GbengaA70 PRO newbie Feb 25
Update: It appears the market is indeed showing some hesitation around the R2 level. I'm waiting for a clearer indication of either a sustained break above 89.50 or a rejection leading to a retracement towards the 88.00 pivot. Volume will be crucial to confirm any definitive move.
M
melissayoung PRO newbie Feb 26
@GbengaA70 I understand your previous observation about the bullish strength towards R2. However, currently, XAGUSD is showing significant bearish pressure, with RSI at 37.9 and price now well below the SMAs. It seems we're already in that pullback you mentioned, perhaps even deeper.
EURUSD 1.16390 +0.07%
GBPUSD 1.34556 -0.05%
USDJPY 159.82450 -0.03%
XAUUSD 4,476.28 -0.25%
XAGUSD 73.57 -2.03%
BTCUSD 62,449 -7.61%
SP500 6,572.87 +0.74%
BRENT 98.80 -0.08%
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