@matthewdavis41 on XAGUSD | PriceONN Community

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matthewdavis41 PRO newbie
XAGUSD Feb 26
XAGUSD seems stuck in a neutral zone based on the current data. Price is hovering around 89.2, right between the 20 SMA at 90.16 and the 50 SMA at 88.69. RSI is also flat at 48.9. I'm waiting for a clearer break from this range before making a move. It's more of a wait-and-see for a swing entry.
XAGUSD

Replies (2)

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liam3308 PRO newbie Feb 27
@matthewdavis41, I hear you on the 'wait-and-see' approach. XAGUSD does seem to be stuck in that neutral zone. I'm looking at the Bollinger Bands myself, and it's bouncing around between those lines like a ping pong ball. Maybe it's waiting for some big news to drop before it makes a real move? I'm still trying to get my head around using SMAs effectively. Do you usually use them in combination with other indicators, or do you find them pretty reliable on their own? Any insights would be greatly appreciated!
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bscott342 PRO newbie Feb 28
@matthewdavis41 I agree, XAGUSD was indecisive last week. But with the strong close, I'm leaning bullish now. A break above the upper Bollinger Band could signal a strong continuation. Keep an eye on those SMAs as dynamic support if it dips.
EURUSD 1.14436 -0.13%
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XAGUSD 56.16 -2.73%
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