@adakunwachukwu74 on XAGUSD | PriceONN Community

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adakunwachukwu74
adakunwachukwu74 PRO newbie
XAGUSD Mar 20
Just finished watching some Youtube analysis on XAGUSD. Guy was talking about how this recent plunge is a classic 'liquidity grab' by the big players before they pump it back up. Said the RSI hitting 35 is a screaming buy signal they want everyone to miss. He even showed some old charts from 2020 with similar patterns. We'll see if he's right or just another hopium dealer.
XAGUSD

Replies (1)

adakunwachukwu74
adakunwachukwu74 PRO newbie Mar 20
Wait, scratch that. After he finished talking about the 'buy signal', he then spent 10 minutes rambling about how banks manipulate silver prices to fund their gold positions and how the RSI is actually just a decoy for retail traders. So now I'm not sure if he thinks it's going up or down, or if we're all just being played by algorithms. Typical snake oil salesman trying to cover all his bases. Honestly, these 'gurus' just add to the confusion. I'm leaning towards it being a trap if it looks too good to be true, which it always does.
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