@jose137 on XAGUSD | PriceONN Community

Be careful guys, this XAGUSD rally might be a massive bull trap. 🧐 Look at how fast it shot up from the 70.30s to here. RSI is way overbought at 62, and we're hitting resistance near the pivot point. The news about gold stabilizing could be a red herring. I wouldn't be surprised to see a sharp pullback to test those SMAs around 71.50 again, maybe even lower if sellers step in hard. My gut says this isn't sustainable and we could see a fakeout leading to a big drop. Remember what happened with Americas Gold & Silver yesterday? RSI hitting oversold and then it tanked. This feels like the opposite, but the pattern could be similar: a setup for a reversal. Don't get caught chasing this pump! 📉