@linda5420 on XAGUSD | PriceONN Community

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linda5420
linda5420 PRO newbie
XAGUSD Mar 12
Just opened a small short position on XAGUSD at 84.12. The RSI is looking pretty weak on the H4 chart, and with all the uncertainty around Iran, I think silver might continue its slide. Targeting 83.50 for now, but I'm keeping a tight stop loss just in case things turn around. Gotta be careful out here!
XAGUSD

Replies (1)

linda5420
linda5420 PRO newbie Mar 12
Oh, and I almost forgot! I'm also watching the 200 SMA. It's not too far above us, and if we break below 83.50, that could be the next major level to watch. Thinking of scaling in further if we get confirmation around that area. But you never know with silver, it can be so volatile!
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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