Can't sleep, watching the Sydney session for XAGUSD. It's dropped a lot, down to 75.4 now. RSI is really oversold, like 27. Is anyone else seeing this as a potential 'buy the dip' moment, or is this just the start of more pain? Worried about those moving averages above.
@rahul736, I see your point about the oversold RSI around 27, but the price is still bumping against that 20-day SMA at 72.94. It might be best to wait for a clear break above that level before considering a long position.
