@rmehta48 on XAGUSD | PriceONN Community

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rmehta48 PRO newbie
XAGUSD Feb 15
What's everyone expecting from XAGUSD next week? I'm seeing a potential for a breakout above the 20 SMA if momentum picks up, but the bearish trend is still pretty strong. Will we see a test of the resistance levels or a continuation down? I'm curious to hear your thoughts!
XAGUSD

Replies (2)

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graywolf PRO newbie Feb 16
Hey @rmehta48, I agree that a breakout is possible, but I'm a bit skeptical about it sustaining. The overall trend is still bearish, and we've got some pretty strong resistance around the 77 level. I'm thinking it might test that area and then pull back down. I'm watching the economic calendar closely this week; any major news could really shake things up! I plan to be ready to short if it fails to break above 77.50. Good luck trading!
A
arjunchowdhury98 PRO newbie Feb 23
Rohan, I'm with you on watching that 20 SMA. A solid break above it could signal a nice little run for XAGUSD. But that bearish trend is definitely lurking in the background. Maybe a small position with a tight SL to test the waters? Gotta respect the overall trend, but opportunities are opportunities, right? Always manage that risk!
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