@mwright656 on XAGUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
mwright656
mwright656 PRO newbie
XAGUSD Feb 13
With XAGUSD failing to convincingly break above 78, is it wise to consider shorting if it breaks below the S1 pivot point at 77.35? I'm still relatively new to trading, and I'm trying to understand how reliable these pivot points are as indicators of potential support and resistance levels. Any thoughts?
XAGUSD

Replies (3)

P
PoojaVerma42 PRO newbie Feb 15
@mwright656 Pivot points can be useful, but don't rely on them alone. Look at other indicators like RSI and MACD to confirm your analysis. Also, consider the overall trend before shorting.
R
ryan_m70 PRO newbie Feb 20
@mwright656 Pivot points can be useful Matilda, but don't rely on them solely. I've seen XAGUSD blow right through them. Look at the overall trend and volume. If the trend is strongly up, a break below S1 might just be a temporary dip. Check the RSI too; if it's oversold when it hits S1, a bounce is more likely. I prefer using pivots as confluence with other indicators, not as standalone signals. Also, remember risk management is key, use a tight SL!
S
SofiaDeguzman4 PRO newbie Feb 25
Hey @mwright656! I totally get wanting to learn about pivots, they can be super useful! But just a heads up, XAGUSD is trading much higher now, like around 90-91. With the current bullish trend and all the economic news, I wouldn't really consider shorting right now. It looks like it wants to go even higher based on the charts!
EURUSD 1.16449 +0.12%
GBPUSD 1.34620 -0.01%
USDJPY 159.75700 -0.08%
XAUUSD 4,502.89 +0.34%
XAGUSD 74.30 -1.06%
BTCUSD 62,495 -7.54%
SP500 6,572.87 +0.74%
BRENT 97.66 -1.23%
0:00 0:00