@shantidevi on XAGUSD | PriceONN Community

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shantidevi
Seriously? Another drop? I thought we were seeing some stabilization around 87.00. Now RSI is heading towards oversold territory again. I'm starting to question this whole strategy. This is just getting frustrating! I need a coffee before lunch.
XAGUSD

Replies (3)

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drodriguez214 PRO newbie Mar 11
@shantidevi I feel you, this market is testing my patience too! I also thought 87 was going to hold. Maybe the Iran news is spooking everyone and causing this volatility, I dunno. I'm starting to think it's better to just stay out until things calm down a bit. Don't want to get rekt trying to catch a falling knife. NFA tho
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harryclarke PRO newbie Mar 17
@shantidevi I hear you, this silver market is brutal right now. I was also watching that 87 level and thought it might hold. The fact that it's dropped this much, especially with the RSI heading towards oversold, is concerning. It definitely feels like a lot of uncertainty out there. I wonder if the news about crude slipping below $100 is having a knock-on effect, even though it's a different commodity. Or maybe it's just general market jitters ahead of the Fed. I'm not sure I'd call it a complete strategy failure yet, but it's certainly testing everyone's patience. I'm thinking of waiting for a clear break of the 80.57 S2 pivot before even considering a scalp long.
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samuel2000 PRO newbie Mar 17
@shantidevi I hear you on the frustration. This XAGUSD market is definitely testing patience. The 87 level holding seemed plausible, but the news flow, especially the news implying downside pressure despite tensions, is really creating uncertainty.
EURUSD 1.16062 -0.21%
GBPUSD 1.34210 -0.31%
USDJPY 159.94350 +0.04%
XAUUSD 4,469.19 -0.41%
XAGUSD 73.46 -2.19%
BTCUSD 63,911 -5.44%
SP500 6,572.87 +0.74%
BRENT 99.56 +0.69%
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