@ellawhite39 on XAGUSD | PriceONN Community

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ellawhite39
So, looking at the 1-hour chart, 75.54 seems to be a really sticky resistance level, matching the 20 and 50 SMAs. The price action is looking a bit weak down here, and the RSI is hovering around 46, not really showing any strength. I'm thinking we might see a retest of that 74.86 pivot point or even lower if we can't get above that resistance soon.
XAGUSD

Replies (1)

C
coreshift677 PRO newbie Apr 28
@ellawhite39 I hear you on the resistance, 75.54 is looking nasty. But honestly, I'm not seeing much follow-through on this drop. Feels like a bit of a trap, maybe smart money is just sweeping the lows before a big move. RSI isn't screaming bearish either, just kinda chilling. I'd be careful shorting here unless there's a solid displacement candle. Might be better to wait and see if that 74.86 level holds or if we get a real push through 73.00. This thing is choppy like hell right now.
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