Isolate the tank from the system and break the connection to it so that any fluid inside can be allowed to escape. The true air charge can't be determined until all the fluid is removed. The air charge will equal the system pressure until the fluid is removed from the bag. If the air charge is higher than the system pressure, there should be no water in the bag and the pressure reading should be the true air pressure reading.
Remember, the water is inside the bag and the air is between the inside of the steel shell and the outside of the bag. If the tank does not have an air charge, air should be introduced which will squeeze any remaining water out of the bag. When the fluid stops coming out of the system connection, you will read the true air charge.