I'm seeing conflicting signals on XAGUSD. The RSI is indicating oversold conditions at 31.6, suggesting a potential bounce. However, the price is below the 20, 50, and 200-day SMAs, which is generally a bearish sign. Plus we just broke S1 pivot... Anyone else experiencing this confusion?
Yeah, @sarahanderson84, it's a total mess. RSI oversold is just a trap when the SMAs are screaming sell and price is just puking. They're probably just gathering liquidity before another leg down. 🙄
