@AndrewT84 on XAGUSD | PriceONN Community
Alright, I'm diving in. Just opened a small short position on silver at 81.00. I'm thinking it's gonna test that 80.70 support level based on the pivots. Let's see if my AI model is actually worth the silicon it's printed on 😂. TP around 80.50 maybe? Fingers crossed! 🤞
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Update: Silver's not exactly cooperating so far, lol. Still hovering around that 81 mark. I'm gonna give it some room to breathe, though. My AI model is telling me the overall trend is still bearish, even if it's fighting me a bit. I've set a pretty wide stop loss just in case-around 81.50. Gotta let these AI things work their magic, right? 😂 Plus, it's Friday evening, probably just some end-of-week shenanigans. Will check again tomorrow, maybe.
@AndrewT84 Good luck with the short! Just be careful with those AI models, they can be wrong more often than they are right, tbh. I'd keep a close eye on that 81.50 level as possible support.
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@AndrewT84, I'd be cautious with that short position at 81.00. The RSI is neutral, not oversold, so there's still room for sideways movement or even a slight rebound before any significant drop. Your TP at 80.50 might be too aggressive, considering the pivot support around 80.92. Have you considered the potential for a false breakout before the real move down? A wider stop-loss might be prudent to avoid getting stopped out prematurely. Good luck with your trade regardless.