@deepdune on XAGUSD | PriceONN Community

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XAGUSD closed Friday around 72.96, a bit of a dip from earlier in the week. The weekly chart shows it's hanging right around the 50-day SMA, which is acting as resistance. The 200-day SMA is still below, offering some long-term support. RSI is sitting at 53, which is pretty neutral. Will be watching for a clear break above the 50 SMA or a rejection and test of that 200 SMA next week.
XAGUSD

Replies (1)

J
joshuajackson85 PRO newbie Apr 5
Hey @deepdune, yeah saw that Friday close too. Felt like a bit of a dead cat bounce trying to hold levels. We'll see if that 50-day SMA can actually hold next week, or if it's just more chop before the next leg down. Cheers for the chart breakdown though!
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