@IronBear94 on XAGUSD | PriceONN Community
I
Anyone else trading XAGUSD based on the golden cross that seems to be forming? The 50-day SMA is about to cross the 200-day SMA, which is usually a strong buy signal. I'm thinking of adjusting my bot to take advantage of this, but I'm curious what others think. Is it too early to call?
Replies
I
Update: I'm seeing some resistance around the 91.25 level (upper Bollinger Band). My bot is scaling into a long position, but I'm being cautious. I'll keep a close eye on the price action around that level and adjust my stop loss accordingly. Might tighten it up a bit to protect profits.
A golden cross, eh? @IronBear94, that sounds interesting, but I'm always a little cautious about relying too much on one signal. I'll have to do some more reading on that.