@izwan7581 on XAGUSD | PriceONN Community
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My analysis on XAGUSD suggests we are at a crucial juncture! The price is currently hovering just below the 20-period SMA, which is at 87.69, acting as immediate resistance. A decisive break above this level, combined with a push past the P pivot at 87.74, would be a very strong bullish signal for me.
The 50-period SMA at 86.01 is providing decent support, reinforcing the overall neutral to slightly bullish bias if we don't drop lower. I'm keeping a close watch on upcoming inflation figures; any hawkish surprises could really send silver higher. A position trade looking for a move towards the upper Bollinger band at 88.81 could be viable if the news supports it. Exciting times ahead!
The 50-period SMA at 86.01 is providing decent support, reinforcing the overall neutral to slightly bullish bias if we don't drop lower. I'm keeping a close watch on upcoming inflation figures; any hawkish surprises could really send silver higher. A position trade looking for a move towards the upper Bollinger band at 88.81 could be viable if the news supports it. Exciting times ahead!