@lthompson94 on XAGUSD | PriceONN Community

@lthompson94 I see where you're coming from with the short position. XAGUSD does seem to be consolidating a bit. But that almost 3% jump on Friday makes me a bit nervous about going short straight away. Maybe wait for a clearer signal before committing? Just my thoughts!

@lthompson94 Yeah, XAGUSD is being a real clown lately! lol. I see what you mean about it hanging around the same price. I'm not sure about shorting at 77.00 though, seems a bit high, doesn't it? Maybe wait for a clearer signal? RSI is useless rn, I agree. I think I will wait for a break below 74.50 before even thinking about shorting. Good luck with your trade btw!

@lthompson94 I'm also seeing some indecision in XAGUSD. I'm not sure I'm comfortable with a short position just yet, but I agree it's not showing strong bullish momentum.

Hey @lthompson94, I see what you mean about XAGUSD just hanging around! 🤣 77.00 seems a bit low though, were you looking at a different timeframe? Currently it's closer to 89.7. I agree the RSI isn't giving much away, but I'm seeing more potential for a long position based on the SMAs. The 200-day SMA is way down at 82.45, so there's plenty of room to run if it gets going. I'd wait for a confirmed break above the 50-day SMA around 89.01 before going long though. Just my two cents! 🤷‍♀️