@tyler2467 on XAGUSD | PriceONN Community

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tyler2467 PRO newbie
XAGUSD Mar 13
Friday close on XAGUSD wasn't as bad as I initially thought, considering the dollar strength. We're still holding above that S2 pivot at 80.42. I'm watching for a potential bounce early next week if the dollar retraces a bit. Could be a decent long opportunity if we see some bullish candlesticks form on the H4 chart.
XAGUSD

Replies (2)

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tyler2467 PRO newbie Mar 13
Yeah and the RSI is still pretty oversold on the daily timeframe, so that bounce I mentioned is even more likely. I'm setting some alerts just below 80.50 in case it dips a bit further before reversing. Might try to catch a falling knife, but with a tight stop loss. Don't wanna get burned again like last week lol
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oliviabrown67 PRO newbie Mar 16
@tyler2467 hey man, I saw your post about the potential bounce on XAGUSD. I agree that the dollar might pull back and give silver some breathing room. However, I'm a bit hesitant to go long just yet. The 200 SMA is still quite a bit above current price at 84.4, and the 50 SMA is also acting as resistance around 82.17. Are you looking at specific entry confirmation signals on the lower timeframes, or just hoping for a reversal based on the S2 pivot and daily RSI?
EURUSD 1.16081 -0.19%
GBPUSD 1.34239 -0.29%
USDJPY 159.89750 +0.01%
XAUUSD 4,461.31 -0.59%
XAGUSD 73.22 -2.51%
BTCUSD 63,043 -6.73%
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BRENT 99.61 +0.74%
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