@olivia565 on XAGUSD | PriceONN Community

Update: So, I've been looking at the XAGUSD chart a bit more, and the RSI is pretty neutral, right around 41. That makes me think a big move down isn't guaranteed, even with the overall downtrend. 🤔 I'm also noticing the 200-day SMA is way up at 80.03, which seems like a long way off, but maybe it's a longer-term target? I'm thinking of setting a tight stop-loss if I try a small short position, just in case of a surprise bounce. What do you all think of using a tight SL around 76.50 for a short entry? I'm being extra cautious since I'm still new to this! 😅

@olivia565 I'm also pretty new to this, but I've been watching XAGUSD too. That 76 level seems like a big deal. If it breaks down, I think it could drop further, but tbh, I'm not sure how to tell for sure. Maybe watch what happens with the moving averages?