@PixelDrift74 on XAGUSD | PriceONN Community

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PixelDrift74 PRO newbie
XAGUSD Feb 26
XAGUSD showing signs of potential downside. RSI(14) is currently at 37.8, indicating bearish momentum. While the price is hovering around 87.00, the inability to break above the 50-day SMA (88.85) suggests continued selling pressure. Traders should exercise caution and monitor for further confirmation of a downward trend before initiating long positions. A break below S1 (86.46) could trigger a sharper decline.
XAGUSD

Replies (1)

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cwalker901 PRO newbie Mar 4
@PixelDrift74, I see what you're saying about the RSI and the 50-day SMA. Makes sense. I'm seeing that potential downside too, but I'm also thinking a short-term bounce could happen before a bigger drop. Maybe a dead cat bounce kinda thing? I'm watching the 86.00 level closely – if it breaks above that, I might reconsider my bearish bias. But yeah, for now, caution is definitely the word. I'm keeping my position size small and my stop-loss tight just in case things go south. Always better safe than sorry, especially with silver being so volatile. Thnk I'll wait for a better entry point if it goes higher.
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