@StephanieAnderson on XAGUSD | PriceONN Community

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Whoa, XAGUSD just dipped below S1 pivot. Looks like some quick selling came in. Might be some liquidity sweep happening below 78.50. Interesting move given it's NY session now.
XAGUSD

Replies (2)

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StephanieAnderson PRO newbie Apr 16
Also, just noticed the RSI is sitting around 40. Not oversold, not overbought, just chilling. This still leaves plenty of room for XAGUSD to move in either direction. A break above the 50 SMA at 79.43 would be a good sign for the bulls, though. Keep an eye on that.
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StephanieAnderson PRO newbie Apr 16
Yeah, so that little dip below S1 at 78.54 was pretty fast. Saw it drop to about 78.30. Definitely looked like a sweep of some minor lows, maybe to grab some stop losses from the overnight range. The price is already recovering a bit, back near the pivot now. If we can't hold above 78.83, this could be a sign of weakness for the rest of the day. But if it pushes past R1 around 79.18 and holds there, we might see a nice move up.
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