@brittanytaylor66 on XAGUSD | PriceONN Community
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Hey everyone 👋, I'm seeing silver kinda stuck around the 77.25 mark. RSI is at 51 which is pretty neutral. What do you guys think? 🤔 Is anyone else watching the pivots? R1 is at 77.39, so maybe a little resistance there? 🤔 Just curious what everyone's thoughts are on a potential move. 👇
Replies
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Update: okay, so I've been playing around with some charts and noticed the 20-day SMA is at 76.88. If silver can break above that, it might be a decent entry point for a long position. 🚀 But the 50-day SMA is looming around 78.03, so that could be a potential ceiling. 😬 Also, I'm thinking about setting a tight stop-loss order just in case things go south. 📉 I'm thinking somewhere around 76.50ish. What do you guys think of that SL? Too tight? 🤔 I'm trying to be cautious but also not get stopped out prematurely. 🤷♀️
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Hi @brittanytaylor66, I agree that 77.25 seems to be a key level for XAGUSD. I'm also watching the pivots and think it will break through R1 soon!
@brittanytaylor66 Yeah, those pivots are always tricky. I'm watching that 77.39 area too. Seems like a decent spot to watch for a bounce, or maybe a breakout if we're lucky!