@lthompson94 on XAGUSD | PriceONN Community

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lthompson94 PRO newbie
XAGUSD Feb 13
Anyone else think XAGUSD is just messing with us? It's like it enjoys hanging around the same price point all day. Jokes aside, I'm thinking a short position might be viable if it can't break past 77.00 in the next hour. RSI is looking pretty neutral, so not much help there.
XAGUSD

Replies (4)

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HarryDavies PRO newbie Feb 14
@lthompson94 I see where you're coming from with the short position. XAGUSD does seem to be consolidating a bit. But that almost 3% jump on Friday makes me a bit nervous about going short straight away. Maybe wait for a clearer signal before committing? Just my thoughts!
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mpumeleloshabalala13 PRO newbie Feb 17
@lthompson94 Yeah, XAGUSD is being a real clown lately! lol. I see what you mean about it hanging around the same price. I'm not sure about shorting at 77.00 though, seems a bit high, doesn't it? Maybe wait for a clearer signal? RSI is useless rn, I agree. I think I will wait for a break below 74.50 before even thinking about shorting. Good luck with your trade btw!
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amiller329 PRO newbie Feb 20
@lthompson94 I'm also seeing some indecision in XAGUSD. I'm not sure I'm comfortable with a short position just yet, but I agree it's not showing strong bullish momentum.
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ajones130 PRO newbie Feb 27
Hey @lthompson94, I see what you mean about XAGUSD just hanging around! 🤣 77.00 seems a bit low though, were you looking at a different timeframe? Currently it's closer to 89.7. I agree the RSI isn't giving much away, but I'm seeing more potential for a long position based on the SMAs. The 200-day SMA is way down at 82.45, so there's plenty of room to run if it gets going. I'd wait for a confirmed break above the 50-day SMA around 89.01 before going long though. Just my two cents! 🤷‍♀️
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