@wsmith182 on XAGUSD | PriceONN Community

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wsmith182 PRO newbie
XAGUSD Mar 6
Currently holding a long position on XAGUSD initiated near 82.80. Watching the price action closely around the 83.50 level, which seems to be acting as minor resistance. Nervous, but hoping for a breakout towards R1 at 84.68! Might tighten my stop-loss to 82.50 to secure some profits.
XAGUSD

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wsmith182 PRO newbie Mar 6
Update: XAGUSD is struggling to break above 83.60. Volume seems to be decreasing slightly, which could indicate a potential pullback. I'm considering taking partial profits here and re-entering if it breaks convincingly above R1. The 50 SMA at 83.73 is also acting as a significant hurdle, so a clear break above that would be very bullish. If it fails to hold above 83.00, I'll probably close the entire position to avoid further downside. Still optimistic about the long-term potential, but need to manage risk!
EURUSD 1.16124 -0.16%
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XAUUSD 4,469.19 -0.41%
XAGUSD 73.02 -2.77%
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