@kianmengong20 on XAGUSD | PriceONN Community

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kianmengong20 PRO newbie
XAGUSD Mar 31
Regarding the recent surge, I'm curious about the significance of the 75.28 upper Bollinger Band level. It seems to be acting as immediate resistance right now. Are traders typically looking to fade this overbought condition or expecting a breakout above it, perhaps driven by broader commodity strength?
XAGUSD

Replies (1)

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sophie5323 PRO newbie Apr 5
@kianmengong20 The Bollinger Bands are always a distraction. They just push the price there to make you think it's overbought or oversold. I wouldn't put too much faith in that 75.28 level, it's probably just noise before the next big engineered move.
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