@sakshi96 on XAGUSD | PriceONN Community
XAGUSD is exhibiting robust bullish momentum, currently trading above the 20-day SMA and with RSI firmly in bullish territory at 60.5. I am closely monitoring the price action as it approaches the R1 pivot at 88.65. A sustained break above this resistance level could indicate a continuation towards the R2 target of 89.20, warranting a long entry with strict risk management.
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Update on my earlier observation: While the bullish trend is strong, I'm waiting for a clear confirmation of a breakout above 88.65 on the H4 chart. If volume supports the move, I would consider a stop-loss at 88.10 to protect against any sudden pullbacks. The 89.00 level would be my initial target profit.