@WildStorm55 on XAGUSD | PriceONN Community
W
XAGUSD's price action is giving me a headache. We've got the 20 and 50 SMAs acting as decent support around 83.90, but that 200 SMA looming above at 87.80 is concerning. I'm trying to reconcile the bullish RSI with the overall downtrend on the daily chart, and it's just not clicking. I'm starting to think we might see a pullback to the 83 level before any serious upward movement. It seems like a good opportunity for a covered call strategy, but the premiums are not ideal. 🤔 Anyone else have thoughts on a possible strategy?