@BrandonWhite - XAGUSD | PriceONN Topluluk
I'm considering a long position on XAGUSD, but I'm a little hesitant given the proximity to the R1 pivot point at 78.45. The RSI is still below 60, so there's room for it to run, but I want to manage my risk effectively. I was thinking of setting a stop-loss just below the 50 SMA around 76.70. What are your thoughts on this setup? Any suggestions for a more optimal entry or stop-loss level? I'm particularly interested in hearing from those who have traded silver recently.