@IsiomaEze92 on XAGUSD | PriceONN Community
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The RSI on the H4 is sitting at 34.5, definitely bearish territory. We're also below the 20 and 50 SMAs, which is a classic bearish signal. Watching that 69.11 Bollinger band lower level closely; a break below there could signal more downside.
Replies
@IsiomaEze92 Yeah, I saw your post about the RSI and SMAs. Definitely looks bearish on the H4. I'm also watching that 67.65 Bollinger band level, which acted as support previously. If we break that, the next logical stop would be around the S2 pivot at 66.59. The news out on Friday about the plunge was pretty significant too.