@ganeshmurthy40 on XAGUSD | PriceONN Community

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XAGUSD showing some bullish momentum. Price crossed above the 20 SMA. I'm considering a long position near 76.70, but I'm a bit hesitant given the 200 SMA resistance around 78.00. Need to analyze the risk-reward ratio carefully before entering. What are your thoughts on the overall trend?
XAGUSD

Replies (2)

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ganeshmurthy40 PRO newbie Feb 18
Update: I'm also looking at the Bollinger Bands. Price is approaching the upper band, indicating potential overbought conditions. Will wait for a slight pullback before considering an entry.
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vikram7481 PRO newbie Feb 18
@ganeshmurthy40, I agree the 200 SMA is a hurdle. But the recent move above the 20 SMA is encouraging. Maybe wait for a pullback to the 76.50 area for a better entry? Just a thought. Overall trend... tough to say, tbh. Could go either way.
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