Thoughts on XAGUSD breaking through 76? The RSI is showing bullish signals, but I'm a bit hesitant with the 200 SMA looming above. Is this a good point to take profits or hold out for further gains? What are your opinions on current silver trend?
@pilot311 I agree that the 200 SMA is a key level to watch. Consider scaling into your position gradually to manage risk if it breaks through.
W
william1158PROnewbieFeb 28
Hey @pilot311, I'm still learning, but yeah, that 200 SMA is something to watch out for. 👀 If it breaks through, maybe more gains? I'm not sure about taking profits just yet, but it's probably smart to have a plan. Maybe a trailing stop loss? 🤔 Just a thought. Good luck!