@sophie_b18 on XAGUSD | PriceONN Community
It's interesting to see silver performing this way. I think next week will be crucial for XAGUSD. If it can break above the 85 level, we might see a good upward trend. However, if it fails, a downward correction is possible. I'm still learning, so I'm curious to see what more experienced traders think!
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Update: Looking at the Bollinger Bands, it seems like the price is nearing the upper band, which could indicate a potential overbought situation. I'll be watching the RSI closely to see if it confirms this. Also, I'm wondering if the 200 SMA at 87.24 will act as a significant resistance level if the price continues to rise.