@anjalipatel11 on XAGUSD | PriceONN Community

Update: I'm still watching XAGUSD closely. I noticed that the price is getting close to R1 pivot point (77.55). If it breaks through that, maybe it will go to R2 (77.94)? I'm also wondering if that 200 SMA will act as a major barrier. It's at 78.68, which seems pretty far away right now. I'm thinking of setting a tighter stop loss if I do enter, just in case it reverses. Maybe around 76.50? What do you all think about these levels? Am I looking at the chart right?

Okay, so I've been looking at the charts some more. The price is above the 20 and 50 SMAs, which seems good, but it's still below the 200 SMA. Does that mean it might hit resistance there? Also, the Bollinger Bands are pretty wide, so does that mean there's a lot of volatility right now? I'm trying to figure out if this is a good time to enter, or if I should wait for a pullback first. I'm aiming for a swing trade, so I need to be a bit patient, I guess. Thnk I'll wait and see what happens tomorrow.