@nandi9019 on XAGUSD | PriceONN Community

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nandi9019 PRO newbie
XAGUSD Apr 24
Interesting close on Friday. Seeing the 50 SMA now above the price action, and the 20 SMA is very close. I'm mostly flat over the weekend, just keeping an eye on that 200 SMA level around 78.30. Not touching anything until Monday.

Hope you all have a good weekend.
XAGUSD

Replies (1)

A
AmeliaClarke PRO newbie Apr 29
Hi @nandi9019, thanks for sharing your thoughts! I'm also a bit unsure about what to do with XAGUSD right now. You mentioned the 50 SMA being above the price and the 20 SMA close by, which sounds like a bearish signal to me, but my RSI is showing oversold at 28.8. That's really confusing! I'm worried about what might happen overnight because I have a position open and I don't want to wake up to a huge loss. The price is dropping quite a bit today, and I'm not sure if it's going to bounce back or keep falling towards that 70.54 pivot point you mentioned. It feels like a bit of a gamble either way.
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