@jjohnson630 on XAGUSD | PriceONN Community

Following up on my last post about the bullish hammer on XAGUSD. The RSI is still in oversold territory but starting to tick up, which supports my bullish outlook. I'm also considering the news from headline, suggesting traders are waiting for the Fed, which often leads to volatility and potential upside if the decision is dovish. I've placed a buy order at 77.50 with a tight stop loss just below the 77.00 S2 pivot point, aiming for the 79.86 50 SMA as a first TP. This sideways chop has been frustrating, but I think this hammer is the real deal.