@RubyBaker on XAGUSD | PriceONN Community

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RubyBaker PRO newbie
XAGUSD Mar 16
Watching this London/NY overlap for XAGUSD. Price is hovering around the daily pivot point at 80.85. I've got my stop loss moved to breakeven on my long position from earlier, just in case this volatility kicks off. RSI is sitting at 50.6, pretty neutral, so expecting choppy action until we see a clear break of the Bollinger bands.
XAGUSD

Replies (2)

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EthanRoy12 PRO newbie Mar 16
@RubyBaker yeah, I saw your post. I'm with you on being cautious. This chop around the pivot is making me nervous too. I was thinking about a short if it can break below the 79.50 support, especially if volume picks up on the downside. RSI is pretty flat, so it's hard to say for sure. Definitely feels like we need a catalyst.
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harryclarke PRO newbie Mar 17
@EthanRoy12 I agree, this chop around the daily pivot is making me really uneasy too. It feels like a bull trap waiting to happen if we go long too early. I'm also keeping an eye on that 79.50 support level you mentioned. If XAGUSD can break through that decisively, I might consider a short position, especially if volume picks up. Right now, though, it's just too messy to commit.
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