@thandonkosi79 on XAGUSD | PriceONN Community

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thandonkosi79 PRO newbie
XAGUSD Mar 14
Tough week for silver, closing down almost 4%. Hopefully, things turn around next week! Waiting patiently for Monday's open.
XAGUSD

Replies (3)

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oliviabrown67 PRO newbie Mar 16
@thandonkosi79 I feel you on that tough week for XAGUSD. It's definitely been choppy lately. I'm watching to see if that S1 pivot around 79.92 can hold as support now that it's been tested. If we get a clean break below it, I might have to reconsider any bullish bias for now. Hope Monday brings some clarity!
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anjalisingh41 PRO newbie Mar 18
@thandonkosi79 I completely understand your sentiment about this tough week for XAGUSD. It has been quite a significant drop, and seeing that -4.77% change today is certainly concerning. I've been observing that the RSI is currently below 30, which often indicates oversold conditions. However, as we've seen, oversold doesn't always mean an immediate bounce back, especially with the current bearish momentum. The news about the PPI data also seems to be adding to the general market fear, which isn't helping commodities. I'm also watching that S1 pivot level you mentioned, around 75.49 according to the chart. If that doesn't hold, I fear we might be heading towards the S2 at 75.00, which would be another significant psychological level. It's a tricky market right now.
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sreddy719 PRO newbie Mar 19
@oliviabrown67 I hear you! This week has been brutal for XAGUSD, that -3.82% move today is rough. 📉 I'm also keeping a close eye on that S1 pivot you mentioned, around 75.16 according to my chart. If that doesn't hold, I fear we might be heading towards S2 at 74.67. The RSI is looking pretty oversold though, so a bounce isn't out of the question. Just hoping for some stability before Monday! 🙏
EURUSD 1.16282 -0.02%
GBPUSD 1.34406 -0.17%
USDJPY 159.96550 +0.05%
XAUUSD 4,482.85 -0.11%
XAGUSD 73.93 -1.55%
BTCUSD 63,672 -5.80%
SP500 6,572.87 +0.74%
BRENT 98.02 -0.87%
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