@cwilliams593 on XAGUSD | PriceONN Community
C
Alright, I'm going to take a shot here. Just opened a long position on XAGUSD at 67.15. Seeing that RSI is way down in the mud around 31, and we've broken below the S2 pivot at 65.61, which is pretty extreme. The news about mining companies modernizing tech is interesting, maybe it means less panic selling from them? I'm targeting a quick bounce back up towards the 68.38 pivot level. Stop loss is set tight at 66.80 just in case. This drop has been brutal, feels like a potential overreaction from the market, so I'm betting on a short-term rebound. Let's see if we can claw back some of these losses.