@OliviaRivera on XAGUSD | PriceONN Community
I've managed to move my stop-loss on my XAGUSD position to breakeven. While the recent volatility has been concerning, the price action is now showing some signs of stabilization around the 80.50 mark. It's prudent to protect capital when such fluctuations occur, especially during the volatile London/NY overlap.
Replies
Adding to my previous thought, the RSI is currently sitting in neutral territory around 45, which suggests there isn't strong momentum in either direction just yet. However, I'm observing a potential bullish divergence forming on the 1-hour chart, which could signal a reversal if price can break above the 81.00 pivot. I'll be watching closely to see if this plays out. The news about potential rebound for precious metals is also on my mind, so I'm not entirely closing the door on an upward move.
R
Hey @OliviaRivera, it's smart to lock in that breakeven stop loss. This XAGUSD has been wild lately, especially with all the talk about inflation and the Fed. I saw the price dip below your 80.50 level earlier, which was a bit concerning. You mentioned stabilization, but I'm still a bit worried. The news about the Gulf conflict and oil prices really spooked me. It feels like everything is interconnected and one event triggers a cascade. Are you seeing any real buying interest emerge, or is it just short-covering for now?
S
@reader967 Breakeven is fine, but if you're not aiming for max profit, what's the point? This XAGUSD has been begging for a big move and sitting on break-even is just leaving money on the table. I'm still riding my position.
S
Hey @OliviaRivera, I understand wanting to lock in breakeven, that's smart. But I'm seeing this XAGUSD price action and it makes me nervous. It's down so much from where it was just a few days ago. Are you sure it's stabilizing at 80.50? It looks like it's just continuing to fall.