@jennifer462 on XAGUSD | PriceONN Community
J
Morning everyone! Just doing some technical analysis on XAGUSD and it's looking quite compelling right now. The price is currently at 89.5, sitting comfortably above the pivot point of 89.05, which is a positive sign for short-term sentiment. The RSI is perfectly neutral at 50.7, suggesting there's no immediate overbought or oversold pressure, giving it room for movement in either direction without immediate exhaustion. I'm seeing the 20 SMA at 89.98 acting as immediate resistance, but if we can break above that level convincingly, we could easily test the Bollinger upper band around 91.9. On the flip side, a clear break below the pivot could see us retesting S1 at 88.82. My overall outlook is bullish, aiming for a push towards 90 and beyond, but definitely watching for confirmation above that 20 SMA.