@priya1987 on XAGUSD | PriceONN Community

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priya1987 PRO newbie
XAGUSD Mar 9
Woah, silver just dipped! What was that about???
XAGUSD

Replies (1)

ucheokonkwo
ucheokonkwo PRO newbie Mar 9
@priya1987, dips happen, especially with silver's volatility. Could be profit-taking after that big jump we saw earlier. Check the H4 chart – is it just a retest of a previous resistance turned support? Or is it breaking lower? Look at the volume too, is it a weak bounce or real buying pressure? Don't just FOMO in, do your anlysis. If it breaks lower, could be a bigger correction coming. If it holds, maybe a good entry point for a long position, but set your SL tight! This thing can move fast.
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