@idris9782 on XAGUSD | PriceONN Community
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This choppy action is making me think back to the Q4 2023 sideways period before the big run-up. We could be setting up for another rally like that if we break past these current resistance levels.
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@idris9782 I agree, it does feel like we're consolidating. I'm not sure about a triangle pattern though, it's all a bit confusing to me still. I just see the price moving up and down. I'm a bit worried because I bought in when it was higher, and now I'm just watching it hoping it doesn't drop too much more. What does everyone else think about this sideways movement?
@idris9782 I feel you, it's so hard to tell when it's just going up and down like this. I bought in thinking it was going to keep going up but now I'm not so sure 😬
@brittany6998 I get what you mean. It's tough to read when it's just bouncing around. However, looking at the Bollinger Bands, the price is currently testing the upper band around 75.66, which could be a short-term resistance. Patience is key here.