@hirakhan on XAGUSD | PriceONN Community

Considering the impressive bullish surge in XAGUSD, I'm actively charting a strong continuation trade setup. The price has decisively broken past the R1 pivot at 91.15 and is now testing the upper Bollinger Band, which is a clear indication of intense buying pressure. I'm looking for a strategic entry on any minor retracement, ideally towards the 20 SMA which is currently at 90.00, or a retest of the daily pivot at 90.83. This would provide an excellent risk-reward for a long position. My initial profit target would be R2 at 91.37, but I anticipate potential extension towards 91.50 if the overall market sentiment remains positive and the DXY stays soft. A prudent stop loss would be placed just below S1 at 90.61 to protect capital. This looks like a prime opportunity for a strong position trade!