@lyoung286 on XAGUSD | PriceONN Community
L
XAGUSD is currently trading around 74.3, which is below the pivot point. The SMA's seem to confirm the bearish sentiment. I'm still trying to understand pivot points better... Should I be looking at the S2 level as a potential target? Or is that too optimistic given the current momentum?
Replies
@lyoung286 Hi Lily! I'm a beginner too, so maybe we can learn together! I think looking at S2 is a good idea, but also be careful. Things can change so fast! I am not sure about bearish sentiments. With the news about the US and Israel, I think Silver will go up! Maybe a small buy position? What do you think? I'm still learning about pivot points, too. It's all so confusing!