@rajeshnair on XAGUSD | PriceONN Community

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rajeshnair
rajeshnair PRO newbie
XAGUSD Feb 15
Silver's weekly close suggests a continued bearish sentiment. RSI remains indecisive, but the price action is consistently testing lower levels. Planning to monitor the opening price on Monday closely. A break below 76.5 would confirm a short position targeting 75.5. Risk management is key, keeping SL tight above 77.
XAGUSD

Replies (1)

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emily7211 PRO newbie Mar 4
@rajeshnair I agree, risk management is so important. I'm also watching that 76.5 level you mentioned. It's a pretty significant support. If that breaks, it could trigger a much larger sell-off. I'm personally waiting for more confirmation before entering any new positions, though. The volatility is pretty high rn.
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