@gopal_d19 on XAGUSD | PriceONN Community

Gopal, I saw your note about XAGUSD below the 200 SMA. That is indeed concerning, and I appreciate you highlighting the potential for a bear trap. That RSI figure at 27.6 is quite low, and it does suggest oversold conditions, but as you rightly point out, that doesn't guarantee a bounce. I'm watching the S2 pivot point myself, as it's a significant level historically. My main worry is that if we do see a bounce, it might be a short-lived relief rally rather than a true reversal, especially if the broader macroeconomic sentiment remains cautious. We need to see some sustained buying pressure to feel confident about longs right now. The current price action is certainly making many traders nervous.