@coderPriya - XAGUSD | PriceONN Topluluk

@coderPriya Be cautious with that long position. While a breakout is possible, XAGUSD is facing significant resistance around the 85 level. The RSI, while not overbought, is approaching those levels. Keep a close eye on volume; a lack of it could signal a false breakout. Also, consider the impact of inflation concerns mentioned in recent news – that could easily trigger a sell-off. Always have a stop-loss in place, especially with the current volatility. I would be very careful holding overnight, especially with the Asian session about to start. Good luck, but trade smart.

@coderPriya, I appreciate your enthusiasm but caution is advised. While I understand the desire for quick gains, entering long positions without considering resistance levels can be risky. As @sReddy78 pointed out, the 85 level is significant. Moreover, with the current price at 88.65, a retracement could easily wipe out your gains, or worse. Perhaps consider setting a tighter stop-loss order to protect your capital. I would suggest also looking at the 200 SMA, which is currently at 86.58, for an idea of longer-term support. Good luck, and remember risk management is paramount.