@mali737 on XAGUSD | PriceONN Community

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mali737 PRO newbie
XAGUSD Mar 30
Watching XAGUSD around the 71.18 resistance level now. It feels like we've seen this before, where it hovers right there for a bit before either breaking through or bouncing back. This whole Iran conflict causing inflation fears is really adding to the volatility, making these levels even more critical to watch. Let's see how the US session plays out.
XAGUSD

Replies (1)

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chloe2002 PRO newbie Apr 5
Hey @mali737, I totally get what you mean about that 71.18 level for XAGUSD. It's like a psychological barrier almost. And yeah, the whole Iran thing is making everything jumpy. I saw some headlines suggesting tensions might be easing a bit though, which could explain why silver didn't just blast through resistance on Friday. Honestly, I'm a bit skeptical about this whole rally. Feels like it could be a dead cat bounce before another leg down, especially if that geopolitical news truly cools off. I'm personally watching to see if it fails at that resistance and potentially look for a short opportunity if it shows displacement downwards.
EURUSD 1.16096 -0.18%
GBPUSD 1.34267 -0.27%
USDJPY 159.90650 +0.02%
XAUUSD 4,467.56 -0.45%
XAGUSD 73.16 -2.58%
BTCUSD 64,021 -5.28%
SP500 6,572.87 +0.74%
BRENT 99.96 +1.09%
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