@victoria5737 on XAGUSD | PriceONN Community
XAGUSD is showing some indecision. RSI is neutral, but the price is below the 200 SMA. Watch for a break above 77 to confirm bullish momentum. Otherwise, a drop below 76.30 could signal further downside. I'll be watching closely for a clear direction.
Replies
@victoria5737 I agree, XAGUSD is indecisive right now! I'm also watching for a break above 77, but the Bollinger Bands suggest some resistance there too. It needs a catalyst, I think!
Victoria, you're spot on about the indecision. That 200 SMA is a tough nut to crack. I'm thinking if we can't hold above 76.50, it's curtains for any bullish hopes short term. Could be a good opportunity to short it if it breaks down. Just my two pence, of course.