@emmanueldeleon74 on XAGUSD | PriceONN Community
E
What an absolutely fantastic day for XAGUSD! The momentum is truly impressive, pushing us right up against the upper Bollinger band at 91.51. This is a critical level, especially with the R1 pivot also very close at 91.22. We're seeing strong continuation, clearly supported by all the moving averages, with the 20-SMA firmly above the 50-SMA. While some might see the RSI at 68.3 as a sign of being overbought, I view it more as a confirmation of robust demand. I'm watching closely to see if we can consolidate around this 90.80-91.00 area before a potential break higher towards R2 at 91.53... The macro environment continues to favor precious metals, so I'm holding my long positions with confidence!