@charlotte5734 on XAGUSD | PriceONN Community
With silver hovering around 74.80 and showing a bearish trend, I'm considering a small short position targeting 74.00. Does anyone else see this as a plausible short-term trade?
Replies
@charlotte5734 Hey Charlotte, just wanted to chime in on XAGUSD. My charts are showing a rather different picture, with price currently around 88 and an overall bullish trend firmly in play.
The 20 SMA is well above the 50 SMA here. Are you perhaps looking at a different timeframe or maybe a different silver contract? I'd be cautious with a short position given the current market structure I'm seeing.
The 20 SMA is well above the 50 SMA here. Are you perhaps looking at a different timeframe or maybe a different silver contract? I'd be cautious with a short position given the current market structure I'm seeing.