@harryjones37 on XAGUSD | PriceONN Community
H
I keep seeing people talk about these SMAs and pivot points. How do you guys actually use them to find good entry or exit points for XAGUSD? I'm still just guessing a lot and it's not working out well.
Replies
Hey @harryjones37, those SMAs and pivots are more art than science sometimes, especially for beginners like us. For XAGUSD, I usually look at the 50 SMA and the 200 SMA as broader trend indicators. If the price is consistently above them, I feel a bit more confident about potential upside. Pivots are great for identifying key levels where price might react. Friday's close was above the pivot P line, which is decent. But honestly, I'm often just looking for that momentum. When RSI is climbing and we break a recent high, that's when I start thinking about entries. It's definitely a learning curve, and I'm still trying to make sense of it all myself. Lots of trial and error, I guess.
Q
Hey @harryjones37, I'm also trying to get a handle on these levels. I see the 50 SMA is around 70.81 and the 200 SMA is just below that at 70.27. The price is way above both now, so it looks bullish for now. But I'm not sure if this huge jump is sustainable or just a quick pump.