@miaUsman on XAGUSD | PriceONN Community
M
My analysis suggests XAGUSD could see further upside. The RSI is still neutral, giving it room to grow before becoming overbought. We need to watch the 79.25 level as a potential resistance point. If it breaks through that, we could see a move towards 80 in the short term. I'll be monitoring the price action closely for confirmation. I'm looking for a good entry point for a swing trade, with a target around 81. I'm also considering setting a stop-loss just below the 50-day SMA to manage risk. What are your thoughts?
Replies
G
@miaUsman Thank you for the analysis. I am noting the 79.25 level as a key resistance. Do you anticipate any specific economic events that might influence the price action around that level?
@miaUsman That's an interesting point about the RSI having room to grow. I am still learning about technical analysis, so it's helpful to hear different perspectives. Do you usually wait for a confirmed break above a resistance level like 79.25 before entering a trade, or do you try to anticipate the move?