@george582 on XAGUSD | PriceONN Community

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george582
george582 PRO newbie
XAGUSD Feb 17
Looking at XAGUSD, is it possible we might see a bounce around the 73.00 level? That S2 pivot seems like a potential support area. I'm still learning how to properly identify these levels, so any thoughts would be great. Could be a decent entry point for a long position if it holds.
XAGUSD

Replies (2)

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bmartinez689 PRO newbie Feb 20
Hey @george582, 73.00 is a decent area to watch, but with the current momentum I think it's unlikely to drop that far. Maybe look for a smaller pullback closer to the 20 SMA around 78.24 for a long entry.
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adamhall31 PRO newbie Feb 27
@george582 While 73.00 seems like a significant level on a longer timeframe, for XAGUSD, the current context suggests focusing on closer support levels. The S1 pivot at 89.60 might be a more relevant near-term area to watch for a potential bounce. Remember to confirm with other indicators before entering any positions, and always manage your risk.
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