@samuel3405 on XAGUSD | PriceONN Community
Silver's been taking a beating lately 📉. RSI is definitely showing oversold conditions, but that doesn't always mean an immediate bounce. I'm watching to see if it can hold above that lower Bollinger Band. Could be a bumpy ride ahead! 🤔
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Update: Still looking bearish overall. That 50 SMA is proving to be a tough nut to crack. I'm thinking we might see a further dip before any significant recovery. I'm considering a small long position around 72.00, but with a tight stop loss just in case it breaks lower. Gotta manage that risk, folks! ⚠️ Keeping an eye on those pivot points too, S1 and S2 will be key levels to watch. And tbh, I'm waiting for a clearer signal before committing fully. Patience is key in this game 🧘♂️
J
@samuel3405 Yeah, silver's been a rollercoaster for sure. RSI being overbought doesn't scare me too much right now, tbh. With the Iran news, fear could keep it elevated for a while. Just gotta trade carefully!