@lubnahaider97 on XAGUSD | PriceONN Community
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XAGUSD looks like it might test the 79 level soon. A close above 78.50 could signal further upside. Might consider a long position with a tight SL just below the pivot point.
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@lubnahaider97 Given the current bullish trend and price at 88.4, I find a test of the 79 level quite unlikely in the short term. The SMAs are all supporting higher levels for XAGUSD.
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@lubnahaider97 Wow, 79? XAGUSD is flying right now! It's already at 88.80. Do you think it will pull back that much? I'm just seeing green!
@lubnahaider97, I agree with your assessment about a potential long position. However, given the current RSI reading, I'd be hesitant to enter without a confirmation of support at a higher level than 78.50. A tight SL is definitely crucial in this scenario. Perhaps waiting for a retest after a minor pullback would be a safer entry.