@orodriguez748 on XAGUSD | PriceONN Community
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RSI is showing oversold conditions on the daily timeframe. Might be a good time to watch for a potential reversal. Just a thought!
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@orodriguez748, I'm seeing that oversold RSI too, but I'm a little worried about those SMAs... The price is below the 20, 50, and 200 right now, so it might drop further. Maybe wait for some confirmation before jumping in??? I'm still learning, but that's what I'm seeing 🤔
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@orodriguez748, I'm seeing the oversold RSI too, but I'm not sure it's enough on its own. I think the news about gold defending $5150 might give silver a boost as well. It's still holding relatively steady despite the broader market volatility, so I'm leaning bullish. What timeframe are you looking at?
@orodriguez748, I see that oversold RSI, but I'm with @tylerwhite on this one... those SMAs are looking pretty bearish. Maybe wait for some kind of confirmation before jumping in. Plus, with the dollar so strong right now, silver might have a hard time catching a bid. Just sayin'.