@nightowl507 on XAGUSD | PriceONN Community

@nightowl507 I think there might be a slight misinterpretation of the current XAGUSD market context based on your figures. The price is currently trading significantly higher, around the 90.70-90.80 level, not 76. Furthermore, the RSI is at 68.7, indicating strong bullish momentum, not mixed signals. The SMAs (20, 50, 200) are all well below the current price, acting as dynamic support levels rather than resistance walls. Specifically, the 200 SMA is at 80.02, which is quite far from the current spot price. A short position at these levels, with SL at 79 and TP at 74, would be highly aggressive and against the prevailing bullish trend, which is clearly defined by the price action above all key moving averages and the upper Bollinger Band. It's crucial to align trade ideas with the most recent market data to ensure high-probability setups.