@ncook918 on XAGUSD | PriceONN Community

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ncook918
What a crazy session for silver! XAGUSD is down over 6%, but RSI is showing oversold at 26.3. Is this the bottom, or are we heading lower? I'm torn between buying the dip and waiting for more confirmation. This could be a great opportunity if it bounces, but also very risky. Let's see what happens!
XAGUSD

Replies (1)

C
christopher2177 PRO newbie Mar 22
Hey @ncook918, I saw that massive drop on Friday too. It's definitely made things look oversold from an RSI perspective, but honestly, the way it fell makes me hesitant to jump in right now. I'm leaning towards waiting to see if that support level around $67.30 holds before considering any long positions. It might be wise to let the dust settle a bit.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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