@vRobinson93 on XAGUSD | PriceONN Community

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vRobinson93
vRobinson93 PRO newbie
XAGUSD Apr 3
Okay, I've been watching XAGUSD all morning and finally pulled the trigger on a small long position around 71.80. I'm already up a bit, so I'm going to move my stop loss up to breakeven just to protect myself. It's still early, but I'm feeling cautiously optimistic here.
XAGUSD

Replies (1)

M
mdesai785 PRO newbie Apr 8
@vRobinson93 Glad to see you're protecting your capital early. Moving to breakeven on a scalp like that is always smart, especially with how choppy silver can get. I noticed the same thing about the volume – it's not a strong signal either way yet. Given the swings we've seen on the back of that Iran ceasefire news, I'd be wary of expecting too much too soon. The dollar weakness is a tailwind, for sure, but silver has its own dynamics. Keep an eye on that R1 pivot at 75.79; if that breaks with conviction and volume, then your long might have legs. Otherwise, expect it to get range-bound between the 50 SMA and that pivot. Stay safe.
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