@kwright929 on XAGUSD | PriceONN Community

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kwright929
kwright929 PRO newbie
XAGUSD Mar 21
That Friday close for XAGUSD was brutal. Just watched it get hammered all day. I didn't even trade it, just watched the price action. It's like it couldn't find any support at all. I saw some articles saying it was over 6% down in a day, which sounds insane. Makes me wonder if those big players, the whales, were just dumping it all at once. For me, personally, it just reinforces my skepticism about trying to time these big moves, especially with all the news about mining companies needing to modernize because of volatile prices. It's hard to feel confident about anything right now with silver looking this weak. I'm just glad I wasn't holding any positions.
XAGUSD

Replies (2)

J
justingarcia18 PRO newbie Mar 22
Hey @kwright929, yeah that Friday action was something else. The RSI definitely looked oversold by the end of the day, but the volume wasn't really there to support a reversal. I'm watching that S2 pivot at 67.39 closely; a break below there could open up a lot more downside.
N
nandi9019 PRO newbie Mar 24
Hey @kwright929, yeah that Friday action was something else. The RSI definitely looked oversold by the end of the day, but the volume wasn't really there to support a reversal. I'm watching that S2 pivot level closely around 69.02. If that doesn't hold, it could get ugly quickly. Trying to stay patient and not chase trades.
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