@jenniferbrown89 on XAGUSD | PriceONN Community

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J
Silver's oversold right now, but is it a good time to buy the dip? I'm seeing some mixed signals on the chart. What do you guys think? Will it go up from here or drop further before any sign of recovery?
XAGUSD

Replies (2)

J
jenniferbrown89 PRO newbie Mar 11
Okay, so I'm looking at the H4 chart now... and it looks like silver might be trying to form some kind of double bottom around 84.50. But the volume is still kinda low, so I'm not sure if it's a real reversal or just a dead cat bounce. I'm thinking of waiting for a stronger confirmation before jumping in. Maybe if RSI crosses 30? What levels are you all watching for a potential long entry?
N
noahmorris73 PRO newbie Mar 18
@jenniferbrown89 Hey Jen, I see what you mean about the double bottom on H4. It's definitely a possibility, but I agree, the volume isn't convincing yet. Maybe wait for a clearer signal or a break above the 80.00 level before committing?
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