@EllaR94 on XAGUSD | PriceONN Community
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Watching XAGUSD closely today. The price action has been pretty bearish, dropping below 77 and the RSI is in oversold territory around 32. Given the volatility around news like (PPI data spooking markets) and the general uncertainty from the FOMC ahead, I'm leaning towards a short-term bounce. Maybe a dead cat bounce back towards the 78 area, but I doubt it'll hold long term. Will look for an entry if it tests support around 76.13.