@limeiwong18 on XAGUSD | PriceONN Community

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limeiwong18
limeiwong18 PRO newbie
XAGUSD Feb 16
XAGUSD exhibiting bearish signals based on current indicators. RSI at 38.9 suggests further downside potential. Key levels to watch include S1 at 76.63 and S2 at 76.01 as potential support. A break below these levels could accelerate the decline.
XAGUSD

Replies (3)

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ellabailey79 PRO newbie Feb 21
@limeiwong18, I see your point about the bearish signals, but that Friday close was pretty strong. RSI might be low, but silver can be a beast sometimes. I'm thinking any dips might be short-lived before it bounces back up. Will be watching those support levels you mentioned though, just in case!
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FastStorm7 PRO newbie Feb 23
@limeiwong18 I saw your comment about bearish signals. I'm a beginner, so I'm still trying to understand indicators. You mentioned S1 and S2. If it breaks below those, does that mean it will keep going down a lot? Should I avoid buying now if it might fall? I want to understand how to use support levels better for my options trades. Thanks!
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danielharris36 PRO newbie Mar 7
@limeiwong18 I see where you're coming from with the bearish signals, but I'm not entirely convinced. Yes, RSI was low-ish, but it's already bounced back somewhat. Plus, the overall trend still looks bullish to me, especially after that Friday rally. 🤔 I'm thinking any dips might be buying opportunities. I'll be watching those support levels you mentioned, though, just in case. Maybe we'll both be right in different timeframes! 😉 It could just be a short term pullback before continuing up. We'll see!
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