@miaUsman on XAGUSD | PriceONN Community
M
XAGUSD is showing some positive signs today! The price is up, and it seems to be holding above the 20-day SMA. I'm watching to see if it can break through the next resistance level. Let's see if this bullish trend continues!
Replies
M
Update: XAGUSD seems to be facing some resistance around 78.50. Still optimistic, but need to be cautious and see if it can push through!
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@miaUsman Yeah, definitely some positive signs there. I'm keeping an eye on that resistance too. Hope it holds, I'm already in, haha.
Hi @miaUsman, I'm not seeing quite the same bullish signals. While it's good that XAGUSD is holding above the 20 SMA, the 50 SMA is right above it at 83.71, acting as pretty strong resistance. Also, the overall trend still seems bearish to me, and we're below the pivot point. I'd be hesitant to call it a bullish trend just yet. Maybe wait for a break above both the 50 SMA and R1 before getting too excited. Just my two cents!