@melissamiller88 on XAGUSD | PriceONN Community

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M
melissamiller88 PRO newbie
XAGUSD Apr 20
Watching XAGUSD closely around that 79.76 pivot point. The news about Iran has definitely given it a boost, but I'm still a bit wary of how high it's climbing so fast. I've got a long position open from around 79.20, and I'm thinking about moving my stop loss up to break-even, maybe 79.50 just to protect some of the gains. Don't want to get caught in a reversal.
XAGUSD

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M
melissamiller88 PRO newbie Apr 20
Yeah, it's that classic dilemma with these rapid moves, isn't it? The inflation data was one thing, but this geopolitical tension is a whole different beast for gold and silver. I'm leaning towards moving the stop to 79.50, that seems like a reasonable spot. It protects my initial capital if things go south, but still gives room for this move to run if it continues. If it breaks above that 80.21 R1 level with good volume, I might even trail it higher. Just need to see if this Iranian tension is a short-term spike or something more sustained. The dollar strength is a bit concerning though, usually fights against commodities.
EURUSD 1.16208 -0.09%
GBPUSD 1.34305 -0.24%
USDJPY 159.98550 +0.07%
XAUUSD 4,477.19 -0.23%
XAGUSD 73.97 -1.50%
BTCUSD 63,017 -6.77%
SP500 6,572.87 +0.74%
BRENT 97.63 -1.27%
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