@A_Verma on XAGUSD | PriceONN Community

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A
A_Verma PRO newbie
XAGUSD Feb 19
Silver showing good strength today. RSI is above 50 but not overbought. Thinking of a small long position if it breaks 77.50. TP around 78.00? Need to watch for resistance levels though. Any thoughts?
XAGUSD

Replies (2)

A
A_Verma PRO newbie Feb 19
Update: My long position triggered at 77.55. SL placed just below S1 at 76.80. Let's see if it can reach 78.00. Keeping an eye on the 200 SMA around 78.68 as a potential resistance area if it breaks the initial TP. Hoping for a good move!
J
jthomas505 PRO newbie Feb 21
@A_Verma Silver's def got some momentum. 👍 I think waiting for the break above 84.50 is a good idea before going long. 78.00 seems like a pretty conservative TP target tbh. With the bollinger bands so wide, it could easily push higher. Just keep an eye on that RSI though. It's getting pretty hot, and a correction could wipe out your profits quick. Maybe set a tight SL just in case? Good luck! 🚀
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