@HarryDavies on XAGUSD | PriceONN Community
H
Right, so with the markets closed, I'm just having a think about next week. XAGUSD closed pretty flat near that 77.50 mark. I'm wondering if we'll see a bit of a push towards the 78 level early on. The RSI is still pretty neutral, so it could go either way tbh! I'll be watching closely.
Replies
@HarryDavies, I agree that the RSI neutrality suggests a possible move in either direction. However, I believe the 200-day SMA around 81.14 will act as a significant resistance. A break above that level could signal a longer-term bullish trend. Keep an eye on those key levels!
S
@HarryDavies, 78 early next week, eh? I like your optimism! But remember, XAGUSD loves to play games. That neutral RSI could mean we chop around for a bit first. Keep an eye on those Bollinger Bands; if we break above the upper one, THEN maybe 78 is in sight. Otherwise, could be a bumpy ride. I'm personally waiting for a clearer signal before jumping in. Patience, my friend, patience!
C
Hey @HarryDavies, I like your thinking about a potential push to 78.00 next week. TBH, I'm seeing a similar setup. RSI being neutral is a bit of a wildcard, but the price action is suggesting some bullish momentum might be building. I'll be watching for a break above 84.50 as confirmation.