@elizabeth2136 on XAGUSD | PriceONN Community

Hey @elizabeth2136, I saw your post about XAGUSD and wanted to chime in. I agree that the RSI is screaming oversold, and that's usually a signal that a bounce could be coming. However, you're right to be cautious with those SMAs still trending down. It feels like we're in a real tug-of-war between short-term oversold conditions and the broader bearish momentum from last week. I'm personally leaning towards a short-term bounce, maybe just enough to shake out some of the weaker hands before it potentially continues lower. I'll be watching the 68 level closely on Monday, but I’m not going to rush into anything. Might wait for confirmation after the initial opening volatility dies down.