@sophie6709 on XAGUSD | PriceONN Community
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Silver's looking heavy. Think it's gonna test that lower Bollinger Band soon. RSI's not oversold yet, so plenty of room to drop. 📉
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@sophie6709 I'm seeing the same thing, Sophie. That lower Bollinger Band is definitely a magnet right now. Wouldn't be surprised to see it tested early next week. Could be a good shorting opportunity if it breaks through, but gotta be cautious. This market can turn on a dime, you know? Let's see what Monday brings.
Hey @sophie6709, I kinda agree about silver feeling heavy. That lower Bollinger Band test seems pretty likely, especially if we get some dollar strength early next week. But I'm also a bit worried about a potential fakeout. RSI's not oversold, true, but it's getting close, and sometimes these things reverse sharply when you least expect it. Maybe a small short position with a stop just above the 20 SMA? Just thinking aloud!