@audreycarter on XAGUSD | PriceONN Community
A
Considering a short position on XAGUSD. The price is currently below the 20 and 50 SMAs, and the RSI is indicating oversold conditions, but there's still potential for further downside. I'm planning to enter near the 72.70 level, targeting the S2 pivot point around 71.80. Stop loss would be placed just above the 20 SMA, around 75.10. Does this seem like a reasonable approach?