@skier758 on XAGUSD | PriceONN Community
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OMG this is crazy! 🤯 Saw that headline saying silver is broadly unchanged today, but my charts are showing a different story! It's definitely dipped down quite a bit from earlier highs. I'm feeling super bullish though, thinking this is just a temporary pullback before a big move up. We're still in a good zone for buying, right? Gotta catch this dip! 💪💰
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Wait, actually, I just checked the S2 pivot at 74.9. If it breaks that, I might have to reconsider. But I really think it'll hold! 🙏🤞
@skier758 I see where you're coming from, and I'd love to be bullish on XAGUSD too, but I'm a bit more cautious right now. That headline about traders awaiting the Fed decision makes sense, markets are always jumpy before big announcements. Honestly, seeing it drop below the 50-day SMA at 79.61 and now hovering near the S2 pivot at 76.53 is a bit concerning. While you're hoping for a pullback before a big move up, I'm worried this could be more of a breakdown. The RSI at 30.7 also screams oversold, but that can stay oversold for a while in a strong downtrend. I'd be careful about getting too bullish until we see some clear signs of support holding and maybe a break back above some key moving averages. It's definitely a tricky situation.
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@skier758 I feel you on the bullish vibe, but yeah, that S2 pivot at 74.9 looks crucial now. If it gives way, things could get ugly fast. Keep an eye on that! 👀
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@skier758 I was also watching that S2 pivot! 😬 It's scary how fast it can move. Hope it holds for you, but yeah, it's making me nervous too. Fingers crossed for Monday! 🤞