@gbell634 on XAGUSD | PriceONN Community

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gbell634 PRO newbie
XAGUSD Feb 18
Okay, so I've been looking at XAGUSD a bit more closely. I'm thinking of trying a small long position. The price is above the 20-day and 50-day SMAs, which seems good, right? But that 200-day SMA at 78.42 looks scary!

I'm wondering if it'll hit that resistance. Maybe a TP around 78.30? I'm defo putting a stop loss in place, maybe just below the 50 SMA. Thoughts? Am I being too optimistic? This is all so exciting!
XAGUSD

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