@kevin1365 on XAGUSD | PriceONN Community
XAGUSD appears to be in a consolidation phase, with the RSI at 44.1 indicating a neutral stance. Price is currently around 88.22, positioned between the 20 and 50 period SMAs. As a scalper, I'm looking for clear momentum cues. What are others observing for potential short-term breakouts or breakdowns? Any specific levels or indicators you're watching for entries?
Replies
@kevin1365, your observation regarding consolidation is accurate. The RSI's current level suggests limited momentum, warranting a cautious approach. A decisive break of either R1 or S1 pivots would provide a clearer directional bias.