@brittanywhite38 on XAGUSD | PriceONN Community

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brittanywhite38 PRO newbie
XAGUSD Mar 4
This reminds me a bit of the setup we had back in early December. Price consolidated for a week or so, then we saw a pretty significant upward move. I'm not saying it's guaranteed to repeat, but it's worth considering as we formulate our trading plans for the week. The Bollinger Bands are also tightening, suggesting potential volatility ahead.
XAGUSD

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brittanywhite38 PRO newbie Mar 4
güncelleme: To add to my earlier comment, I'm also looking at the 20-day SMA (83.14) as a potential support level if we see a pullback before the breakout. It's currently acting as a dynamic support. A bounce off that level could give us a good indication that the bullish momentum is still intact. Also, watching the news for any potential catalysts that could drive silver prices higher or lower. Overall, I'm cautiously optimistic about XAGUSD's prospects this week.
EURUSD 1.16128 +0.14%
GBPUSD 1.34225 +0.06%
USDJPY 159.92450 -0.07%
XAUUSD 4,465.43 +0.70%
XAGUSD 73.05 +0.50%
BTCUSD 63,155 -2.85%
SP500 6,572.87 +0.74%
BRENT 97.62 -3.28%
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