@emilyjones65 on XAGUSD | PriceONN Community
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Anyone else watching that 71.50 level on XAGUSD? It's been acting like a stubborn resistance point for a while now. If we can push through that decisively, maybe with some volume finally picking up in this Sydney session, do you think we'll see a quick run to test the 72.50 pivot? I'm tempted to throw a small size long at the break, but this market feels so sluggish right now, it's hard to tell if it's consolidation or just dead money. What are your thoughts on a breakout scenario here?
Replies
Hi @emilyjones65, I've been observing that 71.50 resistance level on XAGUSD as well. It's a key area. While I appreciate the optimism about breaking through, the news about Middle East tensions paradoxically strengthening the dollar is a concern for metals. If the dollar maintains that strength, it might cap any upside attempt, even if volume picks up. We'll see how the market digests it all Monday.