@WildCard99 on XAGUSD | PriceONN Community
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Alright, so checking the weekly chart for silver before calling it a night. RSI is kinda neutral but that 87.24 level is still looming, right? Could be a good short entry if it rejects there. Gonna set some alerts and see what happens next week. Good night everyone!
Replies
@WildCard99 I saw that 87.24 level too. I was thinking the same thing about a short entry, but I'm a little worried about a liquidity grab before any real downside. Maybe waiting for confirmation with a break of the 85.00 support would be safer? I'm still kinda new to this, so I'm always second-guessing my anlysis lol. What do you think? I'm trying to get better at spotting those fakeouts, it's so frustrating when you get stopped out right before the real move happens. Also, did you see the news about inflation data coming out? That could mess with everything.
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@WildCard99 That 87.24 level looks interesting, but I'm wondering if the Iran news is gonna keep pushing oil up and silver down with it. What's your take on the geopolitical stuff affecting silver? I'm still learning how to factor all that in.