@SophieJackson on XAGUSD | PriceONN Community
Silver's looking pretty bearish atm! That RSI is definitely not helping things. I'm thinking we might see it test lower supports soon. Keep an eye on those Bollinger Bands!
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Update: I'm seeing a potential short opportunity forming now. The price is struggling to stay above 73.30. If it breaks down further, I reckon we could see it head towards 72.60, maybe even lower. My SL would be just above the pivot point around 73.70 to be safe. Just a thought, not financial advice of course! Always do your own analyis. I think the overall trend is still down, so I'm sticking with that for now. Let's see what happens!
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Hi @SophieJackson! I saw your comment about silver being bearish. But it seems to be going up now, right? You mentioned the RSI. What does the RSI need to be to show it's not bearish anymore? I'm still learning how to use indicators. And what do you mean by 'testing lower supports'? Sorry for all the questions! I'm just trying to understand. Thnk you so much for any help!
A
@SophieJackson I saw your comment about XAGUSD looking bearish. I'm a bit confused because my charts show the RSI is pretty neutral, around 47.8. Are you seeing other indicators pointing to a stronger bearish move? I'm trying to learn how to spot these things earlier. The Bollinger Bands are something I'm still learning to interpret fully, so any insights would be helpful.