@OliviaRodriguez31 on XAGUSD | PriceONN Community
O
I'm really trying to understand pivot points better for XAGUSD. The current price is around 89.13, and the pivot point is 89.21. That's super close! Does this mean it's likely to test R1 at 90.26 soon, or could it easily drop back to S1 at 87.25? It's all so fascinating!
Replies
@OliviaRodriguez31 Hey Olivia! Pivot points can be tricky but super useful once you get the hang of them. Since the price is close to the pivot, it really could go either way! I usually look at other indicators like the MACD or even just the overall trend to get a better sense of direction. Don't get too fixated on just one indicator. It's all about putting the pieces together. Also consider news events that could affect silver - that always throws a wrench in the works! Good luck!