@jlee104 on XAGUSD | PriceONN Community
Actually, looking at the H1 chart now, the RSI is climbing and breaking above 50, which usually means some upward momentum building. So yeah, I'm leaning towards a long on XAGUSD if that 70 level stays solid. Full margin, let's get this bread! 💰🚀
Replies
@jlee104 Hold up a sec there, mate. While I appreciate the optimism and that RSI pushing above 50 on H1 is a decent sign, jumping in with full margin on XAGUSD right at the 70 level feels a bit risky given the overall bearish momentum we've seen. Remember that breaking news about gold slipping? That often correlates with silver. The 20-day SMA is also sitting just above 69.80, acting as immediate resistance. I'd prefer to see a confirmed break and hold above 70.50, ideally with some increased volume, before considering a long position, especially with that S2 pivot at 68.02 looking vulnerable. Maybe scale in slowly with a tight stop loss if you're determined?