@AishaIqbal on XAGUSD | PriceONN Community

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A
Okay, so XAGUSD is looking quite bullish today, which is exciting! The 20-period SMA is definitely above the 50-period SMA, which usually signals a good entry for a long position, right? I'm trying to figure out if it's too late to hop in or if I should wait for a pullback around the 89.00 mark. My brain feels like it's doing a triple somersault trying to calculate the perfect entry point. Any thoughts on a good SL for a position trade?
XAGUSD

Replies (2)

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AishaIqbal PRO newbie Feb 25
One more thing! The RSI is currently at 59, which is still in the neutral zone. I'm wondering if a higher RSI, maybe closer to 70, would be a stronger confirmation for a long entry, especially for a position trade? Or does it mean there's still room to run before it gets overbought? This is where my "newbie trader" brain starts to short-circuit. I don't want to buy the top, that's for sure!
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AishaIqbal PRO newbie Feb 25
update: I'm also noticing that the price is getting pretty close to the daily pivot point at 90.67. Does that mean it might struggle to push higher right away, or is it more like a trampoline for the next leg up? I'm thinking if it breaks 91.00, it could test the upper Bollinger Band. Trading feels like a choose-your-own-adventure book but with real money at stake, lol.
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