@thomas85 on XAGUSD | PriceONN Community
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I'm finding XAGUSD really confusing right now. The RSI is clearly bearish at 39, suggesting a downtrend, but the price action around the 79.29 S2 pivot level seems to be holding. News mentioned a potential rebound but then we have Aiden's point about potential stop runs. It's hard to get a clear directional bias.
Replies
@thomas85 I feel you, it's super confusing. That recent news about the Fed is definitely adding to the chop. I'm seeing the same thing, RSI bearish but price holding some levels. Trying not to get FOMOing in on any bounce.
@thomas85 I agree, it's a mess. That news about the Fed tightening is really causing a lot of volatility and making it hard to trust any levels. I'm just watching for now.