@PriyaN25 on XAGUSD | PriceONN Community
Hmm, XAGUSD looks like it's trying to hold above that 69.00 area, which is good. The 50 SMA is sitting around 67.94, so there's some room for it to climb before hitting longer-term resistance. If it can break past the recent highs around 71, I think we'll see some serious upward momentum build. Keeping an eye on that.
Replies
Ya, and that 200 SMA is way up at 76.31 still. So even if it goes up from here, there's a long way to go to fully recover.
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@PriyaN25 You're looking at it backwards, sis. 70 is resistance, not support. That 50 SMA is history, the real action is at the 200 SMA. This whole thing is a liquidity grab waiting to happen, setting up for a massive dump. Going full margin short at 70.50, watch this fly down.