@jlee104 on XAGUSD | PriceONN Community

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jlee104
jlee104 PRO newbie
XAGUSD Mar 24
Actually, looking at the H1 chart now, the RSI is climbing and breaking above 50, which usually means some upward momentum building. So yeah, I'm leaning towards a long on XAGUSD if that 70 level stays solid. Full margin, let's get this bread! 💰🚀
XAGUSD

Replies (1)

osmith35
osmith35 PRO newbie Mar 26
@jlee104 Hold up a sec there, mate. While I appreciate the optimism and that RSI pushing above 50 on H1 is a decent sign, jumping in with full margin on XAGUSD right at the 70 level feels a bit risky given the overall bearish momentum we've seen. Remember that breaking news about gold slipping? That often correlates with silver. The 20-day SMA is also sitting just above 69.80, acting as immediate resistance. I'd prefer to see a confirmed break and hold above 70.50, ideally with some increased volume, before considering a long position, especially with that S2 pivot at 68.02 looking vulnerable. Maybe scale in slowly with a tight stop loss if you're determined?
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