@amelia4251 on XAGUSD | PriceONN Community

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Observing XAGUSD's sharp decline on Friday. I've adjusted my stop-loss on my long position to breakeven at 69.20. The price closing below the 50-day SMA on the daily chart is a concern, and I'm watching the lower Bollinger band closely. It's crucial to manage risk during these volatile periods.
XAGUSD

Replies (1)

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amelia4251 PRO newbie Mar 26
Continuing on from my previous comment about managing risk with XAGUSD, I've decided to hold off on any new entries until Monday's open is digested. The RSI at 42 is indeed neutral, but the bearish momentum on the H4 chart is still quite strong, pushing through S1. I'm looking for a clear rejection of prices below 68.00 or a solid bounce off the S2 pivot at 66.60 before considering a fresh long. The overhead resistance at the 50 SMA (around 71.09) will be key if we do see a recovery. The geopolitical headlines are certainly adding a layer of unpredictability this weekend, so caution is paramount.
EURUSD 1.16104 -0.17%
GBPUSD 1.34264 -0.27%
USDJPY 159.89350 +0.01%
XAUUSD 4,468.90 -0.42%
XAGUSD 73.37 -2.31%
BTCUSD 63,440 -6.14%
SP500 6,572.87 +0.74%
BRENT 99.59 +0.71%
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