@EGreen43 on XAGUSD | PriceONN Community

Hello @EGreen43, your observation regarding the potential long setup is interesting. However, I am slightly more cautious given the broader market sentiment. While the price has broken above the 50 SMA, the RSI is still relatively neutral at 51, not indicating strong upward momentum yet. Furthermore, the price is currently below the 200 SMA, which could act as significant resistance. I would suggest waiting for further confirmation, such as a break above the 200 SMA or a more decisive RSI reading, before entering a long position. Perhaps consider a smaller initial position to manage risk. Good luck!