@pixeldrift62 on XAGUSD | PriceONN Community

Update: I'm thinking maybe I should wait for a confirmation before buying. The 20 SMA is way higher than the current price, around 76.36, so maybe it will go up to that level? But what if it breaks below S2 around 73.98? Should I set a stop-loss there? I'm using a demo account to practice, but I'm still nervous about making a mistake. This is so exciting and scary at the same time! Any tips on managing emotions while trading?

@pixeldrift62, RSI below 30 *can* indicate oversold, but it's not a guaranteed buy signal. Look at other indicators and the overall trend before making a decision. Silver can stay oversold for a while! Also, you mentioned 35, but the RSI is currently 57.6.