@eoghenekaro479 on XAGUSD | PriceONN Community

Hello @eoghenekaro479, it's interesting you're watching the RSI divergence around the S2 pivot. I agree, this current price action is quite volatile, especially with the recent news about Santacruz Silver Mining's RSI hitting oversold levels – it definitely suggests some potential for a technical bounce. However, I'm a bit hesitant to go long aggressively just yet. The broader trend on the daily chart still looks bearish, and those SMAs are quite far above current price. We also saw that significant drop earlier, and while it's good to see some recovery, holding the S2 level is crucial. I've personally entered a small long at 69.15, but my stop is tight. Let's see if we can push towards R1.

Hey @eoghenekaro479, I agree about the RSI divergence around S2. Seems like a decent spot for a short-term bounce, but definitely keeping an eye on that bearish pressure from earlier in the day. NFA of course.