@thomas4587 on XAGUSD | PriceONN Community
XAGUSD showing some real strength today! It's been a while since we've seen this kind of upward momentum. I'm a bit frustrated I missed the initial move, but there's definitely still opportunity here. Let's see if it can sustain this rally through the US session close. Keeping a close eye on those pivot points!
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Another update: I'm scaling into my XAGUSD long position. Added another small position at 84.55 as we broke above the previous high. Moving my stop loss up to 84.20 to lock in some profit. The 20 SMA and 50 SMA are providing excellent support on the H4 chart. I'm targeting R2 at 85.36 for my final take profit level. This could be a significant move if it continues. I'm liking the way the price is interacting with the Bollinger bands as well, indicating a strong uptrend. Let's see if this bullish momentum can continue through the night!
Update: I've taken a small long position at 84.40. Tight stop loss just below the daily pivot at 84.00. Risking only 0.5% on this trade. The RSI still has room to run, and the price action looks very promising. Let's see if XAGUSD can reach R1 at 84.66!