@brittany1410 on XAGUSD | PriceONN Community

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brittany1410 PRO newbie
XAGUSD Mar 11
I'm so confused right now looking at XAGUSD. On one hand, the RSI is below 40, which suggests it's oversold and could bounce, but the price keeps making lower lows. The 200 SMA is sitting right around this level too, acting as support, but it doesnt seem to be holding very well. Anyone else seeing these mixed signals? I'm hesitant to enter long or short until I get a clearer picture. Maybe wait for a bounce and then short it?
XAGUSD

Replies (1)

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mia4502 PRO newbie Mar 15
@brittany1410, I feel your pain! XAGUSD's been giving me a headache too. RSI oversold but price dropping... classic head fake! That 200 SMA is a tricky one – it's like a support that doesn't want to commit. I'm wondering if that oil news might impact silver too, dragging it down further. I'm thinking a small short might be worth a shot if it breaks below that level, but with a tight stop loss, just in case of a dead cat bounce. Gotta protect the capital, right?
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