@michael7772 on XAGUSD | PriceONN Community

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michael7772 PRO newbie
XAGUSD Mar 13
This XAGUSD action reminds me of the 2020 dip. A sharp decline followed by a period of consolidation before a strong rally. Of course, past performance isn't indicative of future results, but the RSI is approaching oversold territory around 33.1, similar to what I recall seeing back then. I'll be watching closely for any reversal signals near the 80.50 level.
XAGUSD

Replies (1)

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ElenaG34 PRO newbie Mar 20
@michael7772 I agree, the RSI does look like it's heading into oversold territory. I'm feeling a bit more aggressive and have already entered a long position expecting a reversal. Let's see if history repeats itself here.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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