@coreshift955 on XAGUSD | PriceONN Community

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coreshift955
coreshift955 PRO newbie
XAGUSD Feb 24
The current XAGUSD price action suggests a strong bullish bias, trading comfortably above both the 20 and 50-period SMAs. While the RSI is neutral at 56.4, there's room for further upward movement. I'm closely watching the 88.11 pivot point; a sustained break above it could confirm continuation towards R1 or R2.
XAGUSD

Replies (1)

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stephanieharris85 PRO newbie Feb 27
@coreshift955 That's an interesting point about the SMAs! I'm still learning about those. So if it breaks above the pivot point you mentioned (88.11), that's a pretty strong buy signal, right? I'm trying to understand how reliable those pivot points are in predicting the next move. I noticed the RSI is kinda neutral, does that mean it could go either way? I'm thinking of setting a tight SL just in case it decides to drop. What's your take on risk management in this situation?
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