@bluedale on XAGUSD | PriceONN Community
B
Watching the volume on XAGUSD right now during this London/NY overlap and it's kinda confusing. We've got this huge drop from the highs, and the volume is definitely picking up, which usually confirms a bearish move, right? But then I look at the RSI which is sitting at 44, not exactly screaming oversold or anything. It feels like a lot of people are jumping in short here, but I'm wondering if this is just a shakeout before another leg up. The political uncertainty could swing either way, and if the dollar suddenly reverses, we could see this thing flip on a dime. I'm holding my position but this action is making me a bit uneasy. Gotta trust the gut sometimes, and my gut says this is a trap.