@OrbitRun18 on XAGUSD | PriceONN Community

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OrbitRun18 PRO newbie
XAGUSD Feb 24
I'm observing XAGUSD and trying to reconcile the data points for a potential scalping setup. The overall trend is listed as bullish, and price is above the 20-SMA at 87.6, which aligns with that. However, today's slight dip and the neutral RSI at 58 make me cautious about initiating a long position immediately. The price is currently within the Bollinger Bands, near the upper band resistance around 88.86, and below the daily pivot at 88.11. I'm wondering if a retest of the 20-SMA or S1 pivot around 87.66 would be a safer entry point for a bounce. Or is the current price already showing weakness for a short-term reversal? It's challenging to filter out the noise for scalping.
XAGUSD

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