@ethan_m18 on XAGUSD | PriceONN Community

And the fact that RSI is at 63.7? That's screaming 'overbought' to me, but the price just keeps inching up. It’s like they're deliberately ignoring the indicators to trap retail. This whole narrative about the dollar weakening and potential peace talks pushing metals higher feels like a smokescreen. They want you to chase this move, then BOOM, stop loss hunting time. I swear, every single time. It's infuriating. I'm just waiting for this whole thing to collapse back down to earth.

Hey @ethan_m18, I agree with you about the lack of conviction. It feels like a trap is being set. That RSI might not be extreme, but the way price is struggling to make new highs after touching resistance is concerning. I'm watching that 20 SMA closely.

Hey @ethan_m18, I get what you're saying about the lack of conviction. It does feel a bit like it's been grinding higher without a clear catalyst, and that often spells trouble. However, I was looking at the weekly chart, and that close above the 50 SMA was actually pretty solid. The RSI is in neutral territory now, which for me, means there's still room to run before it's truly overbought. That Iran news about the Strait of Hormuz definitely injected some bullish sentiment into the precious metals complex, which might be what's lifting XAGUSD even with the choppy price action. I'm not convinced it's a stop hunt just yet, but I'll be very cautious on Monday. I might even look to scale into a small long if we see a clean pullback to support around the 79.50-80.00 area.

Hey @ethan_m18, I totally get what you're saying about the conviction. It feels like we're in one of those zones where the market makers are just playing games. That RSI divergence you mentioned on the H4 is definitely worth noting, even if it's not screaming oversold on the daily yet. Remember that little run-up we had back in March? It looked similar – lots of noise, but no real follow-through, and then BAM, a quick 150-pip drop in a matter of hours. I'm keeping an eye on the 76.50 area. If that breaks cleanly, I wouldn't be surprised to see a much larger move down, potentially clearing out those lower stops. It’s a bit of a whale game right now.