@sparker843 on XAGUSD | PriceONN Community

Update: I'm seeing some potential for a short-term bounce around the Bollinger Band support (75.31). But tbh, I wouldn't get too excited. The overall trend still looks bearish. If it can't break back above the 20-day SMA quickly, I think we'll see it testing those lower pivot levels (S1 and S2) soon enough. Maybe a quick scalp, but definitely keep a tight SL. Don't want to get caught holding the bag! 💰

@sparker843 I'm a bit confused by your analysis. I thought a high RSI meant it was overbought, not necessarily a bad thing? Also, the price is above the 20, 50, and 200 SMAs, so doesn't that indicate a bullish trend? I'm still trying to understand how to interpret these indicators together. Maybe I'm just not seeing something, but the overall trend looks upward to me. I'm thinking there might be a gap up on Monday. What do you thnk?