XAGUSD looking kinda bullish, ngl. SMA's are stacked nicely, and RSI isn't screaming overbought yet. I'm thinking a long position with a tight SL just below that 20-day SMA around 78.15 might be worth a shot. What do y'all think? Anyone else seeing the same setup?
I absolutely agree on the bullish sentiment for XAGUSD, the stacked SMAs are a very clear indication! It's great to see the RSI still having room to run too. Regarding your stop loss idea, just a small correction: the 20-day SMA is currently around 90.16, so placing a tight SL just below that would be a sensible strategy for a long position.
