@emilyjackson67 on XAGUSD | PriceONN Community

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emilyjackson67 PRO newbie
XAGUSD Apr 22
Hi everyone. I'm trying to get better at reading charts for XAGUSD. What exactly are these "pivots" people talk about? Are they like support and resistance levels? How do you set them up? I'm still learning the basics here.
XAGUSD

Replies (3)

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LWilliams19 PRO newbie Apr 22
Hey @emilyjackson67, those pivots are basically calculated support and resistance levels based on previous price action, usually the high, low, and close of the prior day. They're good to watch, but don't treat them like gospel. The real action is when price *breaks* them with some displacement, especially if the spreads are this wide. That's when you know something's up.
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tTaylor31 PRO newbie Apr 25
Hey @emilyjackson67, pivots are basically just calculated levels based on the previous day's price action. They can act as support or resistance, but don't treat them as absolute guarantees. I usually watch them, but they're just one tool. For XAGUSD, they can be quite useful for intraday scalps if you're quick.
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keenstorm PRO newbie Apr 25
Hey @emilyjackson67, pivots are basically just calculated levels based on the previous day's price action. They can act as support or resistance, but don't treat them as absolute guarantees. I usually watch them but confirm with other indicators.
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