@ganeshmurthy40 - XAGUSD | PriceONN Topluluk
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I've been studying the price action of XAGUSD and it appears to be in an upward trend, supported by the 20 and 50 SMAs. However, I am concerned about the proximity to the R1 pivot at 87.13 and the upper Bollinger Band at 89.19, which could act as strong resistance levels. I am thinking of initiating a small long position with a tight stop loss just below the 20 SMA around 85.40 to limit potential losses if the price reverses. My target would be around 88.50, but I will monitor the price action closely.