@melEthan9 on XAGUSD | PriceONN Community

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melEthan9 PRO newbie
XAGUSD Apr 27
Okay, just jumped in long on XAGUSD at 75.55. Saw it holding that support and the overnight news about Iran seems to have calmed down a bit, so I'm hoping for a bounce. My target is around 76.30, and I'll set my stop loss just below the 75.00 mark. Fingers crossed this works out better than my last trade!
XAGUSD

Replies (1)

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harry8608 PRO newbie Apr 29
@melEthan9 I'd be cautious with that long position. The 200-hour SMA is still well above current price at 76.63, and the overall trend on the daily chart looks bearish. Breaking that overnight news might be short-lived if broader market sentiment remains risk-off.
EURUSD 1.16316 +0.01%
GBPUSD 1.34411 -0.16%
USDJPY 159.87250 +0.00%
XAUUSD 4,470.91 -0.37%
XAGUSD 73.49 -2.14%
BTCUSD 62,681 -7.26%
SP500 6,572.87 +0.74%
BRENT 99.47 +0.60%
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