Man, XAGUSD is all over the place today. I'm looking at the RSI screaming overbought at 76, but then the 200-day SMA is way down at 76.45. It's like the indicators can't make up their minds. This choppy action is making it hard to get a clear picture, seriously.
Wait, actually, I just checked the hourly chart and that 81.22 level from the Bollinger Bands seems to be acting as resistance. If we can't break that decisively, then maybe the RSI being overbought is actually more important. This is confusing.
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lwright892PROnewbieApr 19
Hey @sarahanderson55, I saw your post about the RSI and SMA on XAGUSD. It’s definitely a tricky situation when indicators seem to be pulling in different directions. That Bollinger Band resistance at 81.22 sounds like a key level to watch. If it holds, I can see why you'd be hesitant to go long, even with the Iran news giving it a push.