@hassan294 on XAGUSD | PriceONN Community

Update: Just checked the D1 chart for XAGUSD. The 20 SMA is well above the 50 SMA, which confirms the bullish bias for me. 📈 Still think we could see some resistance around 91.00-91.50, gotta be careful there. 🧐 Position traders might wanna scale in. #XAGUSD

@hassan294, I agree that the bullish momentum is noteworthy, but I'm somewhat hesitant to fully commit to a long position at these levels. The upper Bollinger Band may act as significant resistance, and a pullback is possible. While the 91.00 level is certainly a target, I would prefer to see a period of consolidation above the 88.50 level before considering a substantial increase in my position size. It's always prudent to manage risk, especially with commodities.

Hey @hassan294, yeah I'm seeing the bullish momentum too. That push towards the upper Bollinger band is interesting. I'm still pretty new to this, so I'm trying to understand what it all means. Does the RSI being overbought at 70.3 worry you at all? I'm wondering if that means it's due for a pullback. I'm also watching that 91.00 level you mentioned, seems like a key area. What do you think the chances are of it breaking through?