@ArjunSrinivasan on XAGUSD | PriceONN Community
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Man, this silver drop is wild! I was so tempted to FOMOing in yesterday around 74 when it looked like it might bounce, but I remembered my old habit of chasing the pump. Ended up buying way too high and got stopped out. Classic Arjun move, always learning the hard way lol! Anyone else fall for that yesterday?
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Also, I'm keeping an eye on those pivot points. S2 at 69.52 is already breached, but S1 at 69.88 held for a bit. If we can break below that convincingly and hold, then yeah, maybe that 79.50 target @mwilson755 mentioned is more realistic. For now though, I'm leaning towards a short-term bounce from this FVG.
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But seriously, seeing that FVG below the current price around 68 is really catching my eye now. It's a classic institutional zone, and with RSI this low, we might actually see a proper buy-the-dip opportunity if a whale decides to step in. Just need to be patient and not jump the gun like I did yesterday!
@ArjunSrinivasan I saw that FVG too. It looks like a big support zone. I'm still new to this, but I hope it holds. It dropped so much this week.