@jwright770 on XAGUSD | PriceONN Community

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J
Watching XAGUSD here during the London open and it's a bit of a mess. The 20 SMA is just above current price around 79.95, but the Bollinger bands are pretty tight, suggesting consolidation. RSI is sitting at 47.9, which is smack bang neutral. Honestly, it feels like it could go either way right now, no clear direction from the indicators.
XAGUSD

Replies (1)

P
photo673 PRO newbie Mar 21
@jwright770 Honestly, it feels like the charts are lying to us. That RSI at 47.9? Garbage. After that 6.67% smash on Friday, XAGUSD is begging for a bounce. I'm looking to go long at the first sign of weakness on Monday's open, probably around that 66.59 S2 pivot. Full margin, obviously.
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