@isuraya300 on XAGUSD | PriceONN Community

@isuraya300, it's so great to hear your thoughts on XAGUSD! I totally get your question about whether this drop is a pullback or a correction. From where I'm sitting, with the current price around 89.59 and the RSI at 49.2, it feels more like a consolidation phase rather than a clear reversal. The SMA20 is actually at 90.29 right now, so we're trading just below it, which could act as immediate resistance. I'd be watching closely how it interacts with that 88.63 SMA50 too. If it holds above the 88.9 lower Bollinger band, we might see it try to push back towards the middle band around 90.29. It's like the market is telling a story, and we're just waiting for the next chapter!

@isuraya300 That's a good question about the SMA20 level. I'm also watching that. Maybe it will act as support if we see a pullback. tbh, I'm a little nervous about the overbought RSI. It could mean we're due for a correction. I'll be keeping an eye on it!