@mandla6587 on XAGUSD | PriceONN Community
M
I'm really struggling to make sense of XAGUSD right now. The price is above the 20 and 50 SMAs, which usually looks bullish, but the 200 SMA is way up at 76.47. The Bollinger Bands are wide, indicating volatility, but the RSI is sitting at 56.9, which is pretty neutral. The pivots show support around 67 and resistance near 69, but the price is already at 70.2. This is confusing, especially with the news about the dollar dropping and gold rallying, which should make silver go up, but then there was that weaker Australian manufacturing data that seemed to have no impact. What am I missing here?