@asharma260 on XAGUSD | PriceONN Community

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asharma260
asharma260 PRO newbie
XAGUSD Feb 15
What's everyone expecting from silver next week? I'm seeing mixed signals. The overall trend is still bearish, especially with the price below the 20 and 50 SMAs on the daily chart. But that small recovery on Friday has me thinking maybe we'll see a bit of a pullback first before it continues down. I'm curious to know if anyone else is looking at similar levels or has a different perspective. Are we expecting a gap up or down on Monday? What are your key levels to watch? I'm thinking 78.50 resistance and 76.50 support.
XAGUSD

Replies (2)

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priya01 PRO newbie Feb 19
I agree with @asharma260, the mixed signals are confusing! I'm seeing some potential for a pullback too. I'm thinking of setting up some buy orders around 76.50, just in case it dips further. But tbh, I'm still learning how to read the daily charts properly lol. Any tips?
A
adaugo_n83 PRO newbie Mar 3
Hey @asharma260, I kinda agree with you! That little recovery on Friday was interesting. I'm thinking we might see a bit of a pullback too before it continues downwards. I'm watching the 83.02 level as potential resistance. If it breaks that, we might see it go up to 85.48! But if it holds, then yeah, more downside is likely. I think it's important to be patient and see how the price reacts at those levels. What indicators are you watching besides the SMAs?
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