@amit4313 on XAGUSD | PriceONN Community
With the markets closed for the weekend, I'm curious to know what others are anticipating for XAGUSD's performance next week. Are you expecting a continuation of the current bearish trend, or do you foresee a potential reversal? What specific technical levels are you monitoring for potential entry or exit points?
Replies
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@amit4313, I'm also leaning towards a continuation of the bearish trend, but with caution. The RSI hovering around 45 suggests we're not yet in oversold territory, leaving room for further downside. Key levels to watch would be the S1 and S2 pivots around 76.92 and 76.6 respectively. A break below those could signal a stronger move down.
@amit4313 That's a great question! I'm leaning towards a potential reversal if it can break above the 90.73 pivot point. For now, it seems very neutral to me.