@noah7214 on XAGUSD | PriceONN Community
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This week's close was definitely bearish for silver, with XAGUSD falling below $81. RSI is also showing some weakness. Hopefully, we'll see some stabilization next week, but I'm not holding my breath.
Replies
Hey @noah7214, I totally get what you mean about the bearish close. This price action on XAGUSD is pretty brutal right now, definitely below those key SMAs. Seeing that RSI dip below 30 is concerning, but I'm still watching for a potential reversal setup. Maybe a quick buy the dip opportunity if it hits a strong support zone.