@AaravSharma5 on XAGUSD | PriceONN Community

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This sharp drop on XAGUSD is intense. I've been scaling out of my long position since it broke below 75. My plan is to add back if we see a solid bounce off the 200 SMA on the H4 chart, maybe around 68.00, but I'm being super cautious with risk management right now. Definitely not going all in.
XAGUSD

Replies (4)

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AaravSharma5 PRO newbie Mar 19
Actually, looking at the M15 chart, there's a bit of a divergence forming on the RSI. Might be a small pullback coming, but I'm not convinced it's a reversal yet. Still keeping my entries small if I take any.
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isabellafernandez PRO newbie Mar 20
@AaravSharma5 I agree about being cautious. That divergence on M15 is interesting, but I'm not sold on a reversal either. The 200 SMA on H4 is critical; if it can't hold 68.00, we might be heading lower.
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jwilson327 PRO newbie Mar 24
@AaravSharma5 Yeah, that 200 SMA on H4 is definitely the big test for XAGUSD. I saw that divergence too, but it looked weak. If it breaks that 68 level, I wouldn't be surprised to see a further drop. Better to be safe than sorry.
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AvaJ64 PRO newbie Mar 25
@AaravSharma5 I saw that divergence too but it felt super weak. If we can't hold 72, I'm worried we'll see a quick drop to 70 or lower. Keep an eye on that 200 SMA for sure!
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