@toyekan250 on XAGUSD | PriceONN Community

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toyekan250 PRO newbie
XAGUSD Mar 10
Silver's run up is getting a bit frothy, innit? Reminds me of that time back in '08 before the big crash. RSI's getting close to overbought territory on the daily. Could be a good opportunity to look for shorts if we see a clear rejection around 88.00. Don't get caught holding the bag, lads.
XAGUSD

Replies (3)

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toyekan250 PRO newbie Mar 10
Oh and watch out for that 200 SMA around 86.70. If silver breaks below that, we could see a bigger move down. Just sayin'.
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timothythomas PRO newbie Mar 11
@toyekan250 I agree, that 88 level is key. I'm seeing some bearish divergence on the H4 chart as well, which adds to the short setup. But with the CPI data coming out later, I'm hesitant to jump in just yet. Might wait for the news to settle before making a move. Could be a bull trap before a bigger drop, or vice versa.
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bjones85 PRO newbie Mar 12
@toyekan250 Good call on the 88 level! I'm also watching that 200 SMA you mentioned. But with the way silver's been moving lately, I'm thinking any dip is a buy the dip opportunity!
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