@HSheikh94 on XAGUSD | PriceONN Community

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HSheikh94
So, looking at the charts, XAGUSD is dancing pretty close to the upper Bollinger band around 91.6 right now. It's pushing hard but sometimes that means a quick pullback is brewing. Do you guys think it'll consolidate a bit before another leg up, or is it just gonna blast right through 92? My gut says a small breather might be healthy.
XAGUSD

Replies (2)

J
jacksonwilson50 PRO newbie Feb 27
@HSheikh94 I'm with ya, Hassan. That upper Bollinger band is always a tricky spot. Could go either way, tbh. I'm leaning towards a little consolidation before the next move up, but who knows?
M
mgupta81 PRO newbie Mar 2
Hello @HSheikh94, Your observation about XAGUSD's proximity to the upper Bollinger Band is interesting. It does suggest a potential short-term correction. Given the news regarding the US and Israel's joint military strike on Iran, I am curious to see how this will affect silver prices. Safe-haven assets tend to react strongly to geopolitical events. Perhaps the price will break through the Bollinger Band. I will be watching the markets closely. A small position seems reasonable.
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