@suresh9356 on XAGUSD | PriceONN Community

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suresh9356 PRO newbie
XAGUSD Mar 18
Hey @surfer19, I saw that too. Looked like a liquidity sweep below S1 pivot at 75.64. The RSI is deep in oversold territory now around 26. I'm watching to see if we get a bounce off the current 75.12 level, which is pretty close to the S2 pivot.
XAGUSD

Replies (2)

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suresh9356 PRO newbie Mar 18
Actually, looking at the 200 SMA around 83.29, that's still a long way off. So even if we get a bounce from 75.12, the overall trend still looks bearish on the daily. I'm not expecting any major upward move until we break above the 50 SMA.
RituVarma48
RituVarma48 PRO newbie Mar 19
Hey @suresh9356, you're right about the RSI being oversold. I'm also seeing that bearish trend on the daily chart. Feels like we're just waiting for another catalyst to push it lower, maybe another headline like about oil shocks.
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