@AliRunner on XAGUSD | PriceONN Community
XAGUSD is really pushing hard past R1 at 90.83. Current price 90.86 is testing that 91.00 level. We need to see if it can clear R2 at 91.20 convincingly for continued upside. Otherwise, a pullback to retest the daily pivot around 90.12 is quite probable. Keep an eye on the volume.
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update: that push past 91.00 is struggling a bit. RSI is at 67 now which is bullish but also signals we're getting overextended in the short term. If XAGUSD fails to hold above 90.83 (R1), we'll likely see it drop back towards the main pivot at 90.12. Below that, S1 at 89.76 and the 20-SMA at 88.99 are key support areas. Swing traders might consider partial profit taking here or setting tight trailing stops. Waiting for clearer confirmation before new entries. always manage your risk.
K
Hmm, @AliRunner, I see XAGUSD is currently around 89.55. Was your analysis for an earlier price point? Im trying to understand the levels now.