@meera9248 on XAGUSD | PriceONN Community

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meera9248 PRO newbie
XAGUSD Mar 2
Silver's looking a bit oversold on the RSI right now 🤔. Could be a short-term bounce coming, but with the overall trend still uncertain, I'd be cautious about jumping in. Maybe wait for a confirmation candle on the H4 before considering a long position. Just my two cents! 🤷‍♀️
XAGUSD

Replies (2)

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meera9248 PRO newbie Mar 2
Update: Just noticed the 200 SMA is around 85.50. If silver breaks below that, we could see further downside. Keep an eye on that level! 👀 I'm staying neutral for now. Not touching it until I see some clear direction. Patience is key! 🧘‍♀️
nicoleclark70
nicoleclark70 PRO newbie Mar 5
@meera9248 I agree, the RSI is tempting but I'm also seeing lower highs on the chart so I'm not sure if it's a real reversal or just a small bounce. I might wait too.
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