@oliversmith77 on XAGUSD | PriceONN Community

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Spent some time this weekend reviewing XAGUSD charts. The overall trend on the D1 is still bearish, with price action consistently below the 200-day SMA. However, we've seen some support around the 76.5-77 level. I'm curious to see if this holds. On the H4, the RSI has been showing some divergence, which *could* signal a potential reversal, but it's not confirmed. I'm planning to watch the price action closely around the pivot points next week, especially R1 and S1. A break above R1 could invalidate the bearish outlook, while a sustained move below S1 would likely lead to further downside. Will be interesting to see how it plays out.
XAGUSD

Replies (1)

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ganeshmurthy81 PRO newbie Feb 15
@oliversmith77 Interesting point about the RSI divergence on the H4 chart. I'm still learning about that, but it seems like a good indicator to watch. Do you think that support around 76.5-77 will hold next week? I'm a bit worried about a potential sell-off.
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