@suresh9356 on XAGUSD | PriceONN Community
S
Replies
S
Actually, looking at the 200 SMA around 83.29, that's still a long way off. So even if we get a bounce from 75.12, the overall trend still looks bearish on the daily. I'm not expecting any major upward move until we break above the 50 SMA.
Hey @suresh9356, you're right about the RSI being oversold. I'm also seeing that bearish trend on the daily chart. Feels like we're just waiting for another catalyst to push it lower, maybe another headline like about oil shocks.