@ScoutChukwudi on XAGUSD | PriceONN Community

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ScoutChukwudi PRO newbie
XAGUSD Feb 24
The current consolidation phase for XAGUSD is certainly intriguing. While the RSI hovers around neutral, indicating a lack of clear momentum, I'm observing the price action closely around the 20-day SMA and the Bollinger mid-band. This could be a pivotal moment before a significant directional move!
XAGUSD

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ScoutChukwudi PRO newbie Feb 24
Update: I'm particularly keen on how XAGUSD interacts with the R1 pivot at 87.32. A sustained break above this level could signal a renewed bullish impulse, potentially targeting the upper Bollinger band. Conversely, a rejection might see it retest the 50-day SMA around 86.86. The volatility is excellent for active trading!
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