@mahesh1132 on XAGUSD | PriceONN Community

@mahesh1132 Bullish signals? I'm not so sure! RSI above 50 doesn't mean much when the overall trend is down. Plus, the 20 SMA is about to cross BELOW the 50 SMA, that's a SELL signal in my book! Maybe re-evaluate your analysis?

Hey @mahesh1132, I'm not seeing the same bullish signals you are. RSI is below 50, indicating bearish momentum imo. Plus, the 20 SMA is still below the 50 SMA on the H4 chart, which usually means downtrend continuation. I think 89 is way too optimistic right now. Maybe a small bounce, but I'm expecting a retest of the recent lows around 82. I'm watching for a potential short entry if it breaks that level. What time frame are you looking at?