@matthew94 on XAGUSD | PriceONN Community
M
Man, what a brutal week for XAGUSD. Seeing that -6.67% drop on Friday was rough, and the RSI is just screaming oversold at 30.5. It closed way below the 20 and 50 SMAs, which is a terrible sign. I'm not sure if this is just a dip or the start of something worse, but that massive weekly decline has me rethinking my long-term outlook. Definitely worried about a gap down on Monday opening below the S2 pivot.