@IbrahimUsman - XAGUSD | PriceONN Topluluk
I
Alright PriceONN community, let's put our heads together on XAGUSD. This neutral trend with RSI hovering right at 50.3 is giving me a bit of a headache for clear direction. We're currently sitting just below the 20-SMA at 87.46, which seems to be acting as a minor resistance. The 50-SMA is down at 86.86, potentially offering some support if we dip.
My question is, are we looking at a bounce play off the 50-SMA if it drops there, or is this current consolidation just a setup for a deeper pullback towards S1 at 86.52? I'm wondering if anyone is eyeing a quick long if it touches the 50-SMA and shows reversal signs, or perhaps a short if it fails to break above the 20-SMA convincingly. What are your scalp strategies around these pivot points today? Any strong opinions on whether the bulls or bears will win this tug-of-war soon?
My question is, are we looking at a bounce play off the 50-SMA if it drops there, or is this current consolidation just a setup for a deeper pullback towards S1 at 86.52? I'm wondering if anyone is eyeing a quick long if it touches the 50-SMA and shows reversal signs, or perhaps a short if it fails to break above the 20-SMA convincingly. What are your scalp strategies around these pivot points today? Any strong opinions on whether the bulls or bears will win this tug-of-war soon?