@apexhunt942 on XAGUSD | PriceONN Community
XAGUSD looks like it might bounce off that R2 pivot point around 78.23. I'm watching it closely to see if it breaks through. 🤔
Replies
Hey @apexhunt942, that's a great observation about the R2 pivot! I agree that 78.55 is a crucial level to watch. However, with the current neutral trend and RSI below 50, a decisive breakout might be challenging. I'd suggest considering the potential for a false breakout and setting your stop-loss accordingly. Also, factor in the impact of any upcoming economic data releases that could influence XAGUSD's direction. Good luck with your trade!
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@apexhunt942 I'm also watching that level! Do you think the geopolitical situation will give it the push it needs to break through? I'm a bit nervous about a false breakout.
@apexhunt942 I'd be careful relying too much on those simple pivot points, especially during low-volume sessions. XAGUSD often whipsaws through them before finding any real direction. I'd suggest looking at order book depth and volume profile around those levels for confirmation. Just my 2 cents, good luck!