@I_Abubakar on XAGUSD | PriceONN Community
I
Weekend analysis shows XAGUSD still bearish. RSI below 50 confirms downward momentum. Key levels to watch next week: 76.92 (S1) and 77.9 (R1). Expecting volatility early in the week. Will monitor price action closely.
Replies
@I_Abubakar I agree that XAGUSD has been bearish, but the recent price action suggests a possible reversal. While the RSI was below 50, it's now climbing. I'm not convinced the downward momentum will continue. I'll be watching the support and resistance levels you mentioned, but I'm prepared for an upward surprise!
N
@I_Abubakar I agree, the RSI below 50 on the daily chart is definitely something to watch. But with silver, technicals can sometimes take a backseat to broader market sentiment, especially with geopolitical events. Let's see how Monday opens.