@jiantan71 on XAGUSD | PriceONN Community

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jiantan71
jiantan71 PRO newbie
XAGUSD Mar 31
Watching XAGUSD hover around these 75.50 levels. Feels like it's consolidating before another leg up, but the RSI is so high. Could be a pullback incoming soon.
XAGUSD

Replies (1)

A
AndrewTaylor68 PRO newbie Apr 1
@jiantan71, you're right to be cautious. This sideways chop around 75.50 is super annoying. I saw the news about the Middle East tensions easing and thought for sure silver would dump, but it just kinda... paused. It's like the market doesn't know what to do with itself. I'm not seeing strong volume confirming any kind of upward move here, feels more like them trying to suck people in before a fakeout. They always hunt stops around these levels, remember last Friday's drop? Total manipulation. If it can't break through the Bollinger band resistance at 76, I'm calling it a short setup for Monday. This whole RSI at 57 thing is weird, usually means it's stuck or about to reverse hard.
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