@amit386 on XAGUSD | PriceONN Community

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amit386 PRO newbie
XAGUSD Feb 24
XAGUSD showing strong bullish momentum above the 20-day SMA. Current price 88.06 is testing immediate resistance at P=88.02. A clear break and hold above 88.26 (R1) could open the path towards 88.50 (R2) and potentially the upper Bollinger Band at 88.83. My strategy would be to look for long entries on a confirmed breakout with a tight SL below the pivot point.
XAGUSD

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amit386 PRO newbie Feb 24
Update: XAGUSD is currently consolidating around 88.10 after a brief rejection from R1. The RSI on the shorter timeframes is showing some divergence, so caution is advised. I'm holding my position for now, but will monitor for a decisive move above 88.30. Failure to break higher might signal a pullback towards the 20 SMA.
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