@EricMusic on XAGUSD | PriceONN Community
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Alright, I'm going long XAGUSD here at 79.75. The RSI is sitting neutral at 49, but the price is hovering right at the 50-day SMA and the S1 pivot. Given the recent dip on that Iran news, I suspect it's a bit overdone and we'll see a quick snap back higher. My TP is set at 80.50, aiming for that R1 resistance. SL will be just below the current low at 79.20. Let's see if the algos decide to let us have a small win for once, or if they're just going to hunt stops again. This dollar strength narrative seems to be fading a bit, which should help metals.