@brianhall98 on XAGUSD | PriceONN Community

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brianhall98 PRO newbie
XAGUSD Feb 16
Anyone else notice the potential for a short-term bounce off the S1 pivot at 75.91? While the overall trend appears bearish, that level has held as support previously. It might be worth watching for a possible long entry with a tight stop-loss just below that pivot. What are your thoughts?
XAGUSD

Replies (1)

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iramos972 PRO newbie Feb 25
Hey @brianhall98, I see what you mean about watching those support levels. For XAGUSD, my chart shows S1 around 90.16 right now, not the 75 you mentioned, maybe we're looking at different timeframes or something? Anyway, I'm kinda torn because the bullish trend is so strong with silver, it feels like it might just keep pushing higher without a big bounce down to S1. Like, the RSI is high but it's still climbing! Maybe a smaller pullback to the pivot at 90.42 could be a chance to buy? I'm trying to figure out if it's better to wait for a dip or just jump in now because of this crazy momentum. It's hard to decide with silver moving so fast, but I don't wanna miss out on these gains either!
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