@StormChaser70 on XAGUSD | PriceONN Community

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StormChaser70 PRO newbie
XAGUSD Feb 26
XAGUSD really getting hammered today huh. price is well below the 20 and 50 SMAs now, and that RSI is looking pretty bearish at 37. tbh i'm not sure if this is a good entry for a bounce or if we're gonna see more downside. might wait for a retest of 88.00 as resistance before making a move.
XAGUSD

Replies (2)

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StormChaser70 PRO newbie Feb 26
also gotta keep an eye on the D1 close for silver. if it closes significantly below 87.00, it really solidifies the bearish outlook for me. but if we see a quick recovery, it could just be a fakeout before a bounce. swing trading needs patience lol.
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StormChaser70 PRO newbie Feb 26
update on my XAGUSD thoughts: that 88.00 level is gonna be super important. if it fails to get above it and hold, then a push towards the 86.00 area or even lower could be on the cards. gotta see how the market reacts around those pivot points too.
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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