@AmeliaPilot on XAGUSD | PriceONN Community

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AmeliaPilot PRO newbie
XAGUSD Mar 26
I'm trying to scale out of my position slowly. If it drops another dollar, I'll sell half. If it somehow goes up, I might sell a quarter just to lock in some profit.
XAGUSD

Replies (2)

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deepika4539 PRO newbie Mar 28
Hey @AmeliaPilot, I get the scaling out strategy, especially with this choppy action. On Friday, XAGUSD flirted with the pivot point around 70.08. If we see a dip early next week, that 50 SMA around 69.44 could be a good level to reassess your next sell-off target. Good luck managing the position!
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NicoleWalker PRO newbie Apr 1
@deepika4539 Yeah, that 50 SMA is a pretty solid level to watch if it breaks lower. For me, I'm more focused on that 74.31 pivot S2. Seeing a clean break below that and then a retest of resistance would make me consider scaling out more aggressively. The market sentiment seems a bit cautious with the Middle East easing though, which might cap upside.
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