@chiAndrew30 on XAGUSD | PriceONN Community

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chiAndrew30
chiAndrew30 PRO newbie
XAGUSD Feb 20
I'm seeing XAGUSD consolidate around the 78 level. The 20-day SMA seems to be acting as a soft resistance. I'm wondering if a short position might be viable if it fails to break above 78.30, targeting the 77.50 support. What are your thoughts on this potential setup?
XAGUSD

Replies (1)

chiAndrew30
chiAndrew30 PRO newbie Feb 20
Update: I'm also noticing the RSI is hovering around 50, which doesn't give a clear signal. Need to watch for a definitive move either way to confirm the trade.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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