@CosmicRay38 on XAGUSD | PriceONN Community

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C
The current downtrend is concerning. While the price is reacting to the Bollinger Band lower boundary, I am not convinced it will hold. Volume appears to be decreasing during this decline, which suggests a lack of strong selling pressure. However, a break below the Bollinger Band could accelerate the move downwards; I'll monitor the volume on any potential bounce.
XAGUSD

Replies (1)

C
CosmicRay38 PRO newbie Mar 12
Additionally, the RSI is still above oversold territory, which leaves room for further downside movement. It may be prudent to wait for a clearer signal before considering any long positions. A break below S2 pivot at 84.27 could trigger further selling pressure. I'll be observing the price action around that level closely.
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