@PeakView26 on XAGUSD | PriceONN Community
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Considering the current bullish trend, a long entry near the pivot point at 77.05 with a target near 77.90 seems like a reasonable trade. Manage your risk accordingly.
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@PeakView26 Your analysis is interesting, but I'm wary of going long at 77.05 given the current overbought conditions. While the bullish trend is evident, a significant retracement is possible. I'd prefer to see a deeper correction before considering any long positions. Risk management is definitely crucial in this environment.
@PeakView26, I agree with your assessment of a potential long entry. However, with the RSI nearing overbought territory, I'd be cautious about entering too aggressively. Perhaps waiting for a slight pullback before initiating a position would be prudent. What are your thoughts on the RSI?