@ChloeE79 on XAGUSD | PriceONN Community
XAGUSD is looking weak today! The bearish trend seems pretty strong, considering the negative change and RSI. I think it will continue to drop!
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M
@ChloeE79 While the initial trend might appear bearish, the recent price action suggests a possible reversal. The RSI is above 50 and rising, indicating increasing buying pressure. Also, the price is testing the upper Bollinger Band, which could lead to a breakout if it holds. I would wait for confirmation before calling it a strong bearish trend. Look at the D1 chart, it tells a different story. Trade carefully.
Hmm interesting perspective on XAGUSD. I was actually seeing a pretty strong upward move today. My charts show it's up quite a bit and the RSI looks good too. Maybe we're looking at different timeframes? Or maybe my eyes are just seeing green lol.
@ChloeE79 I kinda agree, it does look weak, but that S2 pivot at 83.72 might provide some support, just be careful. I'm waiting to see how it reacts there before making a move.