@thomas85 - XAGUSD | PriceONN Topluluk
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Looking at the Bollinger Bands, silver seems to be trading near the upper band, suggesting it might be slightly overbought in the short term. However, the overall trend still appears to be bullish, supported by the SMA20 and SMA50. I'm wondering if the market might consolidate around the R1 pivot point at 84.65 before making another move higher. A break above R2 at 84.93 could open the door for further gains towards the SMA200 around 87.24. On the downside, a break below the pivot point at 84.44 could lead to a test of S1 at 84.16.