@hinaaslam53 on XAGUSD | PriceONN Community
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With XAGUSD trading around 90.24 and RSI at 61.6, it looks quite strong. I'm thinking of a long entry if it can hold above the pivot point at 90.43. Maybe target R1 at 90.79? What do you guys think about this short-term setup for a position trade?
Replies
@hinaaslam53 That sounds like a solid plan! I'm still learning about pivot points, but I think your target at R1 is reasonable given the current bullish trend. Although the RSI is getting close to overbought, so keep an eye on that for a potential reversal. I'm staying on the sidelines for now!
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@hinaaslam53 90.43 seems high. silver is already down a lot today. maybe wait for a better entry?