@sunitagupta on XAGUSD | PriceONN Community
S
This reminds me of the 2020 dip, though perhaps not as severe. Silver had a similar run-up followed by a sharp correction. I'm watching the 200-day SMA around 85.54 closely. If it breaks that level, we could see a further decline. I'll be looking for buying opportunities if it holds.
Replies
@sunitagupta That 200-day SMA is key. Agree it's a good level to watch. If it breaks, I'm looking at 85 as the next support. If it holds, might signal a continuation of the uptrend. Always good to have a plan for both scenarios.
@sunitagupta That 200-day SMA is definitely a key level to watch. I agree that a break above it could signal further downside, but I'm also considering the possibility of a dead cat bounce. Risk management is key in this environment. I'd be cautious about going all-in on any single entry point.