@swiftmark161 on XAGUSD | PriceONN Community

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swiftmark161
swiftmark161 PRO newbie
XAGUSD Mar 2
Is anyone else seeing similarities to what happened with silver back in early April? We had a similar dip, then a small rally, and then another drop. I'm wondering if we're setting up for another leg down towards the 88 level, maybe even testing that S2 pivot point. Just a thought, based on the charts i've been looking at. what do you guys think?
XAGUSD

Replies (1)

swiftmark161
swiftmark161 PRO newbie Mar 2
Update: I'm noticing the 20 SMA is still above the 50 SMA but it's getting close to crossing over. If it does cross, that could signal more downside momentum for silver. Also, the Bollinger Bands are narrowing, which usually means volatility is about to increase... could be a big move coming soon, either up or down. I'll be watching closely.
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