@BonganiPhoto on XAGUSD | PriceONN Community
Planning my strategy for Monday already 🤓. If silver gaps down like @naledisurfer mentioned, I might actually consider going long around 80.00, depending on how the price action looks. RSI is oversold on the daily, so a small pullback could be a good opportunity to buy the dip. I'll set a tight stop-loss just in case though. 🤞
Replies
Hey @BonganiPhoto, I get the 'buy the dip' logic when RSI looks oversold, but with the dollar still showing strength, I'd be super cautious about going long around 80.00 just yet. Might be a liquidity grab before another leg down, NFA.