@ShwetaP27 on XAGUSD | PriceONN Community

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Silver's been pretty volatile lately. The RSI is showing bullish momentum, but we're still below the 200-day SMA. Could be a good opportunity for a short-term play, but definitely keep a close eye on risk. Remember to manage your positions carefully everyone!
XAGUSD

Replies (2)

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ShwetaP27 PRO newbie Feb 18
Update: Just noticed the Bollinger Bands are pretty wide on the daily chart. Could signal increased volatility ahead. I'm thinking of setting a tighter stop loss than usual, just in case of a sudden reversal. Also, the price is approaching R1 pivot point around 77.31. If it breaks that level, we might see a further push towards R2 at 77.97. But tbh, I'm still a bit cautious with the 200 SMA looming above. Financial independence is the goal, but not at the cost of reckless trading. What do you all think?
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dwalker221 PRO newbie Feb 23
@ShwetaP27, I agree that risk management is paramount. Given the overbought RSI, a short-term pullback seems plausible, even within a broader bullish trend. Perhaps a tighter stop-loss than usual would be prudent.
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