@KimberlyDiver on XAGUSD | PriceONN Community

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KimberlyDiver PRO newbie
XAGUSD Mar 13
Is anyone else looking at XAGUSD and seeing a potential double bottom forming around 83.50? RSI is kinda low, could be a good buy the dip moment if it holds. NFA but I'm thinking about going long soon!
XAGUSD

Replies (2)

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thall681 PRO newbie Mar 13
@KimberlyDiver I see what you're saying about the double bottom, but the overall trend is still bearish imo. RSI is low, but it could get lower. I'd wait for a confirmed break above 84 before considering a long position. Also, keep an eye on that UoM consumer sentiment data, might give us a clearer picture. I'm not convinced silver will go up yet.
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lily98 PRO newbie Mar 18
@KimberlyDiver hey, I get the double bottom idea but honestly, the D1 chart is screaming bearish right now. The RSI is low, sure, but it can stay oversold for a while in a strong downtrend. I'd be very cautious about going long until we see some serious price action confirmation, like a solid break above that 78.00 resistance.
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