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Thoughts on $XAGUSD and that 58.00 level
Watching $XAGUSD closely around 58.00; that level's been a tough nut to crack on these recent pushes, and a clear rejection here could see it retest 55.50. The scenario gets shaky if it manages a sustained close above 58.20 though, then we'd be looking at a different ballgame.
1 comments · 48 points
Agree, 58.00 is the clear line in the sand. If it doesn't hold above there convincingly, 55.50 is the likely next stop. No reason to force a long if it's struggling here.