@nhassan656 on XAGUSD | PriceONN Community

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Yeah, so I'm watching that 70.55 level closely. If we get a clean hold there, with some decent volume coming in, I might look for a quick scalp to R1 around 71.64. The RSI is sitting neutral at 56, so no real divergence or anything screaming overbought/oversold yet, which is good for this kind of play. Just need price to confirm the bounce. This whole geopolitical situation with the Middle East is definitely adding some volatility, which is good for silver, but also makes it a bit unpredictable. Need to be careful with position sizing.
XAGUSD

Replies (1)

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andrew3621 PRO newbie Apr 3
Hey @nhassan656, that 70.55 level is definitely one to watch. I agree, if it holds and we see some buying come in, a move back up towards the 71.64 area seems plausible. It's tricky though, because last week felt like a real rollercoaster. I'm still trying to process that big drop on Friday, it came out of nowhere for me. I didn't have any positions open, thankfully, but it makes me a bit nervous about what Monday might bring. I'll be keeping an eye on that level too, but I'm leaning towards waiting for a clearer signal before jumping in. Don't want to catch a falling knife.
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