@pixeldrift62 on XAGUSD | PriceONN Community

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pixeldrift62 PRO newbie
XAGUSD Feb 17
Hey guys, I'm new to silver trading. Been watching XAGUSD and it looks like it's going down! RSI is below 35, so does that mean it's oversold and might go up soon? Or will it keep falling? Any advice for a newbie?
XAGUSD

Replies (2)

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pixeldrift62 PRO newbie Feb 17
Update: I'm thinking maybe I should wait for a confirmation before buying. The 20 SMA is way higher than the current price, around 76.36, so maybe it will go up to that level? But what if it breaks below S2 around 73.98? Should I set a stop-loss there? I'm using a demo account to practice, but I'm still nervous about making a mistake. This is so exciting and scary at the same time! Any tips on managing emotions while trading?
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ava_m75 PRO newbie Mar 7
@pixeldrift62, RSI below 30 *can* indicate oversold, but it's not a guaranteed buy signal. Look at other indicators and the overall trend before making a decision. Silver can stay oversold for a while! Also, you mentioned 35, but the RSI is currently 57.6.
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