@joshua1145 on XAGUSD | PriceONN Community

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joshua1145
Still holding my short from yesterday at 82.15. It's been a slow grind lower, but with RSI below 31 on the 1H chart, I'm hoping for a bit more downside. Moved my stop to 81.80 to lock in some profit just in case of a dead cat bounce. This range is killing me tho.
XAGUSD

Replies (2)

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tochukwuokonkwo78 PRO newbie Mar 20
@joshua1145 dude, I feel you on that grind. It's tough when it's moving slow like that. But yeah, RSI below 30 is definitely screaming oversold. I saw that silver news too, talking about Santacruz mining being oversold and potentially bouncing. Maybe your short is getting close to profit? I'm just watching this drop, feels like it's going to keep going.
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antonio739 PRO newbie Mar 20
@joshua1145 dude, 82.15 short? That's ancient history now. We're sitting at 67.94! You've been grinding for days while the real action was happening. Forget that small profit lock, you should have gone all-in on this break lower. I just slammed a 100x leverage short at 68.50, expecting this massive dump to continue. The RSI is screaming for more blood, and with the news about the Gulf attacks hitting gold, it's only a matter of time before silver follows suit. This isn't about a dead cat bounce, this is a full-blown collapse. You should be aiming for the S2 pivot at 66.59, that's pocket change. Next stop, 60s.
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