@EmilyB90 on XAGUSD | PriceONN Community
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Okay, so I've been watching XAGUSD for a few days, and it's been a rollercoaster. I'm trying to learn more about using the 200 SMA as resistance. It seems like every time the price gets close to 80.2, it just bounces back down. Is that a reliable indicator or am I just seeing things? I'm thinking of shorting if it hits that level again, but I'm also scared of a breakout. I'm trying to figure out how to set a tight SL, but I also don't want to get stopped out too early. Any advice from the pros?