@tdavies777 on XAGUSD | PriceONN Community
This XAGUSD chart is really confusing me today. The RSI is sitting around 40, which is neutral, but the price action has been all over the place. It dipped below the S2 pivot earlier, but then bounced back. I saw the news about gold being cautious too, but silver seems to have its own agenda sometimes. What are you guys seeing?
Replies
Hey @tdavies777, I feel you on the confusion. This week's price action has been wild. That 6% drop on Friday was brutal and took us well below the S2 pivot you mentioned. The RSI is definitely showing oversold conditions, but with the market sentiment from that geopolitical news, it's hard to say if we'll see a bounce or just more downside. I'm watching to see if any significant order blocks get tested next week.