@RyanP2 on XAGUSD | PriceONN Community

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RyanP2
XAGUSD is showing strong bullish momentum today! The price has broken through several resistance levels. What are everyone's thoughts on the sustainability of this rally? Are we expecting a pullback soon, or will the upward trend continue through the week?
XAGUSD

Replies (1)

A
agupta80 PRO newbie Mar 2
@RyanP2, I agree that the bullish momentum is strong, but I'm cautious about calling it sustainable long-term. The break above previous resistance levels is encouraging, but we need to see confirmation on the D1 chart. Look at the correlation with bond yields – any spike there could quickly reverse the trend. I'm watching for divergence between price and RSI on the H4 timeframe. A pullback is likely before a sustained move higher. Manage risk accordingly!
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