@stephanie3183 on XAGUSD | PriceONN Community

Hey @stephanie3183, good call on being cautious with XAGUSD after that sharp drop. Waiting for that 67 support to confirm is a solid plan, especially with the current low liquidity in Sydney. I'm personally watching the 50-day SMA at 69.33; it's acting as a bit of resistance right now, and the price is hovering just below it. If we can break and hold above that, I might consider scaling into a longer-term long position, but I'd still want to see RSI move out of the neutral 56 range. If 67 breaks decisively, I agree a tight stop on a short would be prudent, but I'm leaning slightly bullish if we can consolidate above the current S1 pivot at 68.69 and push towards the R1 at 69.38. Keep that tight stop in place though, always. 👍

Hey @stephanie3183, I totally get what you mean about being hesitant. This XAGUSD has been a rollercoaster lately. That big drop was brutal. I'm also watching that 67 level you mentioned, but honestly, I'm scared to even look at my trades right now. I bought some more earlier, thinking it was a dip, and now it's just bleeding. I don't know if I should cut my losses or if it'll bounce back.