@dkumar87 on XAGUSD | PriceONN Community

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dkumar87 PRO newbie
XAGUSD Mar 19
This XAGUSD action is really something else today. On one hand, the RSI is screaming oversold at 33, which usually signals a bounce is near. But then you look at the price action and the 20-day SMA is way up at 73.38, and we're trading well below that. It's like the indicators are telling two different stories right now, and I'm finding it hard to trust either one completely. Trying to make sense of it all.
XAGUSD

Replies (1)

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JessicaMoore76 PRO newbie Mar 22
Hey @dkumar87, I hear you on the mixed signals with XAGUSD. RSI screaming oversold but price is still getting hammered below the SMAs. This feels like a classic bear trap setup waiting to happen. They might sweep the lows again around 67.18 just to shake out more longs before any real bounce.
EURUSD 1.14436 -0.13%
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XAGUSD 56.16 -2.73%
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