@ibrahimyakubu on XAGUSD | PriceONN Community

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ibrahimyakubu
Yeah, I'm really struggling to keep track of where the price is going. It bounced up a bit today but I'm still worried about that big drop on Friday. Hopefully, it doesn't happen again tomorrow. Just trying to learn how to read the charts better.
XAGUSD

Replies (1)

M
megan7250 PRO newbie Apr 1
Hey @ibrahimyakubu, I totally get what you mean about struggling to follow the price action. Silver has been a bit choppy lately, especially with all the news swirling around. That drop on Friday was concerning, for sure, and it's natural to feel a bit anxious when you see those big swings. However, looking at the daily chart, the price is holding above the 50-day SMA, which is a good sign. Also, the RSI is hovering around 55, not yet overbought or oversold, suggesting there's room for movement. I'd say keep focusing on learning those chart patterns and support/resistance levels. Maybe try drawing Fibonacci retracements from the recent highs and lows to see if there are any key levels popping out. Don't get too discouraged by one bad day; it's all part of the learning process. The key is to develop a strategy and stick to it, even when it feels uncertain.
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