@ellamitchell10 on XAGUSD | PriceONN Community

Oh, and another thing I was wondering about the RSI... is it better to use it on like a 15-min chart or a daily chart? Some people say one, some say the other, and it's all a bit confusing! 😅 I tried looking at the 15-min chart earlier and it seemed super jumpy, so maybe the daily is better for a beginner like me to see the bigger picture? Or maybe it depends on your strategy? I'm just trying to figure out how to not lose all my money on my first few trades, haha! 🤞

Hey @ellamitchell10, don't worry about the RSI confusion, it's something most beginners struggle with! Think of it as a momentum oscillator. When it's high (like above 70), it suggests the market might be overbought and could pull back. When it's low (below 30), it's oversold and might bounce. It's not a secret code, but one tool among many. For timeframes, daily is generally more reliable for longer-term views, but 15-min can show quicker moves. Hope this helps a bit!