Question

Since your peers are experiencing the same struggles as you are, they are a reliable source for guidance true or false

Answer 1

False

They may be a source but not a reliable source.

Answer 2

False, even though peers are going through the same struggles. It doesn't necessarily mean they are reacting to them the right way. 
That's why they have counselors, teachers, and parents to help with your struggles. 

For example, if you have a fellow friend who has problems dealing with conflicts with peers and turned to bullying to solve his problems. He probably wont give you the right advise...