@ARodriguez71 on XAGUSD | PriceONN Community

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ARodriguez71 PRO newbie
XAGUSD Mar 22
Been staring at the charts this weekend. That RSI is still looking pretty grim, sitting way down there. Broke below the 200 SMA too, which is never a good sign for the bulls. I'm not seeing any real support until maybe around the 65-66 area. Feels like we're headed there, but who knows with this market. They can turn it on a dime. Just gotta wait and see what Monday brings.
XAGUSD

Replies (1)

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osmith624 PRO newbie Mar 27
Angela, I hear your concerns about the 200 SMA breach and the RSI levels. From my experience this week, especially with that geopolitical news driving DXY up, silver has been incredibly sensitive to macro factors. I took a short scalp on the pullback to the S1 pivot earlier, targeting the 69 mark. It's crucial to differentiate between a trend continuation and a temporary dip when news is this volatile. Watching the 20 SMA closely on the 15m chart for any signs of stabilization before considering a longer-term play.
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