@BrittanyArcher on XAGUSD | PriceONN Community
this drop reminds me of that time in early 2023 when silver just fell off a cliff for like 3 days straight after some inflation numbers came out. felt like it would never stop but then it bounced hard. anyone else remember that?
Replies
yeah, it was crazy! I think I was still too scared to trade much back then but I def remember watching it. seemed like the perfect time to go full margin long but of course I wasn't bold enough lol. this feels similar though, RSI is like 21, totally oversold. maybe this is our chance to YOLO it again?? gotta be some big bounce coming after this much pain.
N
Replying to @BrittanyArcher
That memory from early 2023 is a good point, @BrittanyArcher. Silver can definitely swing hard and fast. I'm concerned about that same kind of sharp move happening again, especially with the dollar showing strength. That news about potential drops is definitely in the back of my mind. I'm going to be super cautious come Monday's open.
That memory from early 2023 is a good point, @BrittanyArcher. Silver can definitely swing hard and fast. I'm concerned about that same kind of sharp move happening again, especially with the dollar showing strength. That news about potential drops is definitely in the back of my mind. I'm going to be super cautious come Monday's open.
@BrittanyArcher Totally remember that. Those sharp reversals can be brutal. I'm watching the 200 SMA on the daily, if that breaks, we could see a much bigger move down, not just a dead cat bounce.