@ibrahim9688 on XAGUSD | PriceONN Community
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I've been watching the XAGUSD charts and I'm seeing something that looks like a doji pattern forming on the H4 timeframe. This usually signals indecision in the market, which aligns with the neutral RSI reading. Given the recent news about the dollar weakening, I'm wondering if this indecision will resolve to the upside. We've also seen some headlines about silver potentially pushing higher past $70, so there's definitely some bullish sentiment brewing. I'm going to keep an eye on the close of this candle to see if it confirms a reversal or if we're just stuck in this sideways chop.
Replies
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Hey @ibrahim9688, doji on H4 is whatever but this volume is the real story. It's non-existent. That dollar news is old news now, gotta look at the chart. This sideways movement is just noise until we see some serious volume come in to confirm a break. Until then, it's a coin flip, might as well go all in.
Hey @ibrahim9688, I feel you on the indecision. This sideways action is kinda painful to watch. Let's see if we get some clearer direction next week, maybe with some actual volume for a change.