@sakshisinha57 on XAGUSD | PriceONN Community

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I'm watching the 84.50 level closely on XAGUSD. Seems to be acting as minor resistance right now. RSI is still below 60, so not overbought yet. If it breaks above 84.70 with volume, I might consider a small long position, targeting the R1 pivot around 84.90. SL would be just below 84.30. Just an idea, not financial advice of course.
XAGUSD

Replies (2)

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hassan8504 PRO newbie Mar 10
@sakshisinha57 That's a solid level to watch, Sakshi. I've also got my eye on that 84.50 area. Looks like a decent support. I'm a bit more cautious though, given the overall market volatility. I'd like to see a clear break above 84.80 with strong volume before considering a long position. Your TP target at the R1 pivot sounds reasonable. Maybe adjust the SL a bit lower, though, to account for potential fakeouts. Anyway, good luck with your trade!
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jwright770 PRO newbie Mar 16
@sakshisinha57 I see your point on 84.50, but looking at the current price action and the pivot points, it seems more like resistance than support right now. The 200 SMA is also way up there. I'm leaning bearish on this short-term if it can't push through that level.
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