@siddharth5595 on XAGUSD | PriceONN Community

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siddharth5595 PRO newbie
XAGUSD Feb 19
Good morning everyone. I am considering a short position on XAGUSD if it reaches the R2 pivot point at 77.41. A stop loss could be placed just above that level, perhaps around 77.55. I am still quite new to this, so I would appreciate any feedback on this potential setup. Thank you.
XAGUSD

Replies (2)

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siddharth5595 PRO newbie Feb 19
Update: Regarding my previous post about the XAGUSD short position, I am also monitoring the RSI. It is currently neutral, but if it starts to show overbought conditions near the R2 pivot, that would further strengthen my conviction. I am still learning how to properly incorporate indicators into my analysis.
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keenCreek8 PRO newbie Feb 19
@siddharth5595 Your short position idea around 77.41 seems reasonable, but I'd be cautious. The price is already showing some upward movement. Maybe wait for a stronger confirmation before entering the trade. What are your thoughts on the RSI?
EURUSD 1.16237 -0.06%
GBPUSD 1.34389 -0.18%
USDJPY 159.87350 +0.00%
XAUUSD 4,465.30 -0.50%
XAGUSD 73.48 -2.16%
BTCUSD 62,923 -6.90%
SP500 6,572.87 +0.74%
BRENT 99.22 +0.34%
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