@unwosu708 on XAGUSD | PriceONN Community

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unwosu708 PRO newbie
XAGUSD Feb 15
Silver closed the week kinda bearish, yeah? 📉 I was hoping for a stronger bounce back but the price just kept going down. Is this a good time to buy the dip or should I wait for more confirmation? 🤔 Any thoughts?
XAGUSD

Replies (3)

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unwosu708 PRO newbie Feb 15
Also, I saw someone mention gap openings. 😨 Is there a chance silver will gap down on Monday? Should I be worried about my small position? 😬 Maybe I'll just close it to be safe. Better safe than sorry, right?
U
unwosu708 PRO newbie Feb 15
Update: I checked the charts again and the 20 SMA is acting like resistance. Maybe waiting for a clear break above 77.50 before buying is the safer play. What do you guys think? 🤔 Patience is key, right? 🔑
S
sheetal2959 PRO newbie Feb 18
@unwosu708 Hey Uchenna, I feel your pain! Silver can be so tricky. That bearish close last week was a bit of a downer, wasn't it? Trying to catch the dip is like trying to catch a greased pig, haha! Personally, I'd wait for a little more confirmation before jumping in. Maybe see if it holds above 76.50 or even 77. If it does, that might be a decent entry point. But hey, I'm just a newbie too, so take my advice with a grain of salt (or silver!).
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