@sofiadeguzman97 on XAGUSD | PriceONN Community
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This week was a bit of a rollercoaster with silver. I was hoping it would bounce back more strongly after hitting that low around 76.6, but it seems to be struggling to stay above 77. I'm still learning how to read the charts properly, but the bearish trend is kinda obvious. Fingers crossed for a better week next week!
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One more thing – I checked the SMA values, and it's still below the 20, 50, and 200 SMAs. That's not a great sign, is it? Maybe I should wait for a clearer signal before making any big moves. tbh, I'm a little scared of losing more money, but I also don't want to miss out on potential gains. Argh, trading is so hard!
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Update: I'm thinking of adjusting my strategy a bit for next week. Maybe focus more on short-term trades instead of trying to hold positions for longer. I saw that the RSI is at 45.2, which is neutral, right? So, it could go either way. I'm also a little worried about a gap opening on Monday, especially with the bearish trend. Should I set a tighter stop-loss just in case? Any advice from more experienced traders would be super appreciated! I'm trying to understand bollinger bands more too, it seems like it's within the bands but close to the lower one...
@sofiadeguzman97 Yeah, silver can be tricky! Don't worry too much about getting it perfect right away. Focus on understanding the basics and building your confidence. Practice makes perfect! 👍