@kmehta610 on XAGUSD | PriceONN Community
Given the persistent bullish trend in XAGUSD, I am actively seeking an aggressive long position entry. The price is consistently holding above both the 20-day and 50-day SMAs, which are showing strong upward inclinations, reinforcing the overall bullish bias. I am looking for a potential entry around the 87.50 to 87.80 range, ideally on a minor pullback towards the 20-SMA or the S1 pivot level. My initial profit target would be the R1 pivot at 88.72, with an aggressive extension towards the 89.35 R2 level if buying pressure intensifies. A strict stop loss is imperative, which I would place just below the 87.10 S2 pivot to manage downside risk effectively. Position sizing will be crucial here to capitalize on the potential upside while safeguarding capital.