@DivyaI74 on XAGUSD | PriceONN Community

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Wow, XAGUSD is really moving! Up over 2% today! I'm seeing the 20 SMA is way below the current price, which seems like a good sign? I am swing trading, so I need to consider the longer term trend, not just today's price action. I'm thinking of setting a target near the R1 pivot point around 87.13. Does that seem realistic given the current momentum, or is it too optimistic? So exciting!
XAGUSD

Replies (1)

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lubnahaider97 PRO newbie Mar 3
@DivyaI74 That's great you're looking at the 20 SMA! It's a helpful indicator. But remember, silver can be super volatile. While the 20 SMA is below price, also check the 50 and 200 SMAs for longer-term resistance. 87.13 is possible, but with the current bearish trend and the price below all those moving averages, maybe consider scaling in instead of going all in at once? Just a thnk!
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