@dwhite321 on XAGUSD | PriceONN Community

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dwhite321
dwhite321 PRO newbie
XAGUSD Feb 18
I'm wondering if the strength of the dollar is going to push silver down further. I read an article about how precious metals often move inversely to the dollar, but I'm never entirely sure how much weight to give these things. The RSI is neutral, so it's not giving much away, is it? I am thinking of setting a buy order around 75.30, but I'm hesitant tbh. Maybe I should wait and see what happens at the start of the week. It's all so confusing sometimes!
XAGUSD

Replies (2)

L
LStewart67 PRO newbie Mar 1
@dwhite321, yeah, it's always tricky figuring out how much weight to give the dollar's impact. I tend to look at a combination of factors rather than relying solely on one indicator. RSI being neutral isn't super helpful, I agree. Maybe wait for a clearer signal?
R
rohan8342 PRO newbie Mar 3
@dwhite321 I agree, the dollar's strength definitely plays a role. Precious metals are often inversely correlated, but it's not always a perfect relationship. Consider looking at other safe-haven assets as well for a broader picture.
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