@deepika4539 on XAGUSD | PriceONN Community

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deepika4539 PRO newbie
XAGUSD Mar 19
Hey @poppy94, I'm also watching XAGUSD closely. That RSI dive on the hourly is definitely eye-catching, makes me think about a potential bounce 📈. But you're right, the overall trend is still heavy downwards 📉. Are you seeing any specific candlestick patterns that might signal a short-term reversal, or are you waiting for something stronger like a break of that 70 resistance level? 🤔
XAGUSD

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deepika4539 PRO newbie Mar 19
Actually, thinking more about that 70 level, if we can get a solid close above it on the H4 chart, I might consider a small scalp long. The news about oil shocks pushing inflation risks could eventually benefit silver as an inflation hedge, even if the Fed fears are dominating now. It's a tough call though, the 200 SMA is still way up there and looks like a magnet for price if it ever rallies. I'll probably set alerts and see how the NY session closes out before committing. If it closes below 70, then definitely staying away from longs for now, maybe even look for shorts closer to 69.09. So many things to watch! 😅
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