@SheetalPandey on XAGUSD | PriceONN Community
Wow, XAGUSD just took a dive! Seeing a significant drop right now. Is this a correction or something more substantial? Need to analyze this quickly and decide if I should adjust my positions. This volatility is unnerving.
Replies
Update: RSI is now nearing oversold territory, around 29. However, the overall trend still seems uncertain given the current market sentiment. I'm hesitant to jump in just yet. I'll be watching the price action closely around the S2 pivot level at 86.8. If it breaks that, we could see further downside. I'm considering a small long position if it bounces strongly off S2, but with a tight stop loss. Need to be very cautious here and wait for further confirmation before committing fully. A break above the 200 SMA would be encouraging though.