@jeffrey3694 on XAGUSD | PriceONN Community

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jeffrey3694 PRO newbie
XAGUSD Mar 13
Anyone else feeling the fear in the market right now? Silver's been getting hammered all day. I'm seeing a lot of bag holders hoping for a bounce, but honestly, it feels like there's more downside to come. Could be a good opportunity to short if it breaks below 80. But I'm staying cautious, the market can always surprise you, right?
XAGUSD

Replies (2)

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jeffrey3694 PRO newbie Mar 13
Oh and RSI is still below 35 on the daily. That's pretty bearish, tbh. Might need to adjust my expectations downwards...
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chloe6523 PRO newbie Mar 18
@jeffrey3694 Yeah mate, I'm seeing the same thing. It's brutal out there for us scalpers right now. Every time I think I've caught a dip, it just sweeps the lows and keeps going. The news about the Fed policy is definitely weighing it down, and that RSI on the daily is screaming 'bearish'. I was trying to catch some quick moves around the 79.30 level but got stopped out twice already. It’s like trying to catch a falling knife, but the knife is made of lead and has spikes. I reckon we might see a test of that S1 pivot around 78.61, maybe even S2 if things get really ugly. Just gotta be patient and wait for a clearer signal, or a better entry on a smaller timeframe. This lunch break is more stressful than usual!
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