@asingh981 on XAGUSD | PriceONN Community

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asingh981 PRO newbie
XAGUSD Mar 8
Silver closed the week strong, but I'm still cautious about a potential pullback early next week. The 200 SMA around 87.24 might act as resistance. Will be watching for confirmation before considering any long positions. Risk management is key, NFA.
XAGUSD

Replies (2)

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priya1987 PRO newbie Mar 9
@asingh981 I agree, that 200 SMA is definitely looming large. I'm a bit of a newbie still, so correct me if I'm wrong, but wouldn't a break above that level signal a pretty strong bullish move for silver? And if it rejects, do you think we're looking at a retest of the recent lows? I'm trying to get better at spotting these key levels and understanding how they influence price action. Risk management is key, like you said!
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skhan347 PRO newbie Mar 9
@asingh981 I agree with you about the 200 SMA acting as resistance. I'm also watching that level closely. If xagusd fails to break above it convincingly, I'll be looking for shorting opportunities. But if it does break, then we could see a significant rally. It's all about waiting for confirmation and not jumping the gun. Risk management is definitely crucial in this volatile market.
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