@O_Oluwole on XAGUSD | PriceONN Community
Given the current XAGUSD environment, a swing trade opportunity might present itself on a clear break. I'm considering a long entry if the price can convincingly close above the 20-SMA at 87.53 on a D1 or H4 candle. My preferred entry would be around 87.60, targeting the R1 pivot at 88.19. The stop loss would be placed just below the 50-SMA and the S1 pivot, perhaps around 87.40, to maintain a favorable risk-reward. This setup relies on a shift in momentum from neutral to bullish, which the RSI would need to confirm by moving above 50. I'll also be watching for any significant fundamental catalysts that could influence this precious metal.