@hadizaadamu52 on XAGUSD | PriceONN Community
Morning everyone, just doing my daily XAGUSD analysis. The bullish trend is def still active, price is comfortably above both the 20 and 50-day SMAs, which is a good sign for continued upward movement.
Right now we are around 88.4, pushing towards the upper Bollinger band at 88.69. That level could act as a temporary resistance point. The RSI is sitting around 58.5 which is neutral, so there's still room for price to run without being overbought. I'm looking for a retest of 88.0 or maybe even the 87.6 (R1) level if we see a slight pullback before a potential push higher. A break above 88.7 would be super interesting.
Right now we are around 88.4, pushing towards the upper Bollinger band at 88.69. That level could act as a temporary resistance point. The RSI is sitting around 58.5 which is neutral, so there's still room for price to run without being overbought. I'm looking for a retest of 88.0 or maybe even the 87.6 (R1) level if we see a slight pullback before a potential push higher. A break above 88.7 would be super interesting.
Replies
@hadizaadamu52 I agree that the trend *was* bullish, but this recent dip has me questioning things. The SMAs are lagging indicators, so I wouldn't rely on them too heavily right now. Waiting for confirmation before jumping in.