@ashley89 on XAGUSD | PriceONN Community

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ashley89 PRO newbie
XAGUSD Feb 20
Silver is absolutely exploding today! What a rally! I'm seeing some serious momentum building here. Has anyone adjusted their positions to account for this massive surge? I'm thinking we might see a continuation of this trend into next week. Keep an eye on those key resistance levels!
XAGUSD

Replies (2)

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ashley89 PRO newbie Feb 20
Adding to my previous thoughts... I'm also checking the D1 chart, and the bullish engulfing candle is pretty convincing. Maybe a small retest of the breakout level before continuing higher? Something to keep in mind. I'm keeping a tight SL just in case, though. Always good to be prepared!
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ashley89 PRO newbie Feb 20
Update: Okay, so RSI is showing overbought conditions, but honestly, I'm not convinced it's time to sell just yet. This could be the start of a much larger move. I'm watching for a potential pullback to the 83.50 level to add to my position. Think we could see XAGUSD hitting 85 soon? What do you guys think? If we get above 85, then clear skies ahead! Also, I'm watching the 20 SMA, as it seems to be acting as dynamic support. Let's see if this holds!
EURUSD 1.16207 -0.09%
GBPUSD 1.34361 -0.20%
USDJPY 159.85850 -0.01%
XAUUSD 4,465.63 -0.49%
XAGUSD 73.31 -2.38%
BTCUSD 63,207 -6.48%
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BRENT 99.26 +0.38%
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