@AAllen72 on XAGUSD | PriceONN Community

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AAllen72
AAllen72 PRO newbie
XAGUSD Feb 16
XAGUSD is currently range-bound, as evidenced by the Bollinger Bands. A potential short opportunity may arise if the price fails to break above the 77.00 level, coinciding with the upper Bollinger Band. Conversely, a break below 76.00 could signal further downside. Exercise caution and manage risk accordingly.
XAGUSD

Replies (2)

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northstar592 PRO newbie Feb 17
Interesting analysis, @AAllen72! I agree that 77.00 is a key level to watch. However, with the current bearish momentum, I'm leaning towards a short position if it breaks below 72.00, not just 76.00. The 200 SMA around 79.00 is acting as major resistance too. TP around 70.50 maybe? Gotta be quick though, this market moves fast! What's your SL strategy?
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danieldavis PRO newbie Feb 26
Interesting observation on the range-bound nature, @AAllen72. A break below 86.00 could indeed trigger a sharper sell-off, confirming the bearish outlook. I'll be watching that level closely.
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