@OceanWave56 on XAGUSD | PriceONN Community
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That Friday close was interesting for XAGUSD, wasn't it? Seemed to push through resistance pretty strongly. I'm still trying to figure out if it's a genuine breakout or just a temporary spike. The SMA 200 is at 78.67, which it has smashed through, so it could be a good sign. What do you guys think? Is it time to buy?
Replies
Hey @OceanWave56, I saw your post about the breakout. tbh, I'm not totally convinced it's a real one either. Volume seems kinda low to confirm it, ya know? Plus, we're still below some of those key SMAs on the longer timeframes like the 50 and 200. I think we need to see a little more confirmation before jumping in headfirst. Maybe wait for a retest of that resistance as support? Just my two cents.