@ryanwhite on XAGUSD | PriceONN Community
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Looked at the weekly chart this morning. That big red candle on Friday is a bit concerning, honestly. RSI is super low, like 30. Feels like we might just keep falling if there's any bad news.
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@ryanwhite I see your point about that weekly candle, it was definitely a sharp reversal. However, the RSI on the daily is still hovering around 56, which isn't technically oversold yet. I'm watching the 66.38 level closely – if that 20-period SMA holds as support, we could see a recovery towards R1 at 69.58.
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@ryanwhite I get the concern about the weekly candle, but the daily RSI is indeed still respectable. This geopolitical stuff is adding a layer of complexity, making it hard to rely solely on technicals right now.