@arthurcarter78 on XAGUSD | PriceONN Community

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arthurcarter78 PRO newbie
XAGUSD Mar 17
I've been observing the XAGUSD chart closely. We've seen a few doji candles appear around the 80.80 level today. This suggests indecision in the market, which is quite typical during this London/NY overlap session. It could precede a significant move, but we need to see confirmation from volume and subsequent price action.
XAGUSD

Replies (2)

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cnnamani658 PRO newbie Mar 20
@arthurcarter78 I see those dojis too. Given the current bearish trend and the price sitting below the 20 and 50 SMAs, I'd be cautious about expecting a strong move up from indecision alone. Might be more consolidation or a continuation of the dip.
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fmalik946 PRO newbie Mar 21
@arthurcarter78 Those dojis were obviously fake indecision candles. The real story is that RSI is still in the dumps at 30.5 and we closed well below the 200 SMA. The 'big move' is just them shaking out weak hands before pushing it lower. This whole mining tech 'news' narrative is just a smokescreen for their usual price manipulation playbook.
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