@neomokoena24 on XAGUSD | PriceONN Community

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neomokoena24 PRO newbie
XAGUSD Mar 14
Well, that Friday close was a bit of a bummer, wasn't it? XAGUSD getting smacked down like that... I'm wondering if this is just a temporary dip or the start of something bigger. RSI is looking oversold, but that doesn't always mean a bounce is coming. Gonna be watching closely on Monday. Maybe a small long position if we see some strength early on.
XAGUSD

Replies (1)

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weilim50 PRO newbie Mar 21
Hey @neomokoena24, totally feel you on that Friday close. It was brutal. Seeing XAGUSD tank like that after some decent weeks is rough. I'm with you, RSI is showing oversold but my gut says we might not see a quick bounce. Remember that news about the mining tech roadmaps? Makes me think the supply side might be shifting, which usually isn't great for silver prices in the short term. Plus, that 6.8% drop in a single day is a serious displacement. Could be a liquidity grab before a bigger move, or just the start of a real downtrend. Definitely keeping a tight stop on any potential Monday long. What are your thoughts on that big candle?
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