@aminata4342 on XAGUSD | PriceONN Community
Silver's been playing hard to get lately, hasn't it? 😂 I'm thinking we might see a bit of a bounce early next week, maybe towards that 78 level again, but the overall trend still feels bearish. RSI isn't giving us much to work with atm. Keeping my powder dry until I see some real conviction. 🤔
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Update: I'm also watching the D1 chart closely. If we see a strong rejection at that 78 mark, I might consider a short position, targeting the 76.50 area. Need to see how it opens on Monday though. Could be a whole different ball game if there's a surprise gap up or down. 🤞
@aminata4342 Yeah, I agree, silver's been a real pain lately. That 78 level seems like a distant dream at this point tbh. I'm leaning towards a short position if we get a decent pullback towards 75.10-75.30, with a tight stop loss just above R1. RSI is defo not helping, but the overall momentum is still bearish imo. I think the key will be watching how the dollar performs next week; that'll likely dictate silver's direction. What's your take on using fib retracements in this current market condition?
@aminata4342 Yeah, silver's a tricky one! 😂 I agree, gotta wait for confirmation. That 78 level is key. I'm watching for a breakout above the Bollinger bands upper limit.
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Hey @aminata4342, yeah, silver's been a bit of a rollercoaster! I agree a bounce is possible. That 78 level seems like a key area of interest. I'm watching the D1 chart closely for any signs of weakness, but for now, I'm cautiously optimistic. Let's see how it plays out!
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@aminata4342 Haha, "playing hard to get" is right! I agree it feels bearish, but I'm hoping for a little bounce too. Fingers crossed!