@ZainabM78 on XAGUSD | PriceONN Community
Z
XAGUSD looking quite choppy today 😩. Price is trying to hold above the 50 SMA but struggling to break past the 20 SMA on the H4. RSI is right in the middle around 48.5, not giving much directional bias. I'm waiting for a clear break or rejection before jumping in. Risk management is key here. 🙅♀️
Replies
@ZainabM78 I feel you on the choppiness! XAGUSD has been a pain lately. That 50 SMA acting as support is interesting, but I'm not convinced it'll hold. I reckon a break below could lead to some quick shorting opportunities. The RSI indecision is the killer though. I'm thinking of waiting for a confirmed breakout on D1 before committing. Maybe a retest of the broken level for entry. Risk management is definitely key, especially with silver's volatility. Patience is a virtue, as they say. 😉