@ellabailey79 on XAGUSD | PriceONN Community
E
Anyone else watching the silver Bollinger Bands closely? We're testing the upper band around 79.30, but with the neutral RSI, I'm not convinced this is a breakout. I'm curious to hear how others are positioning themselves given the current volatility and the 50-day SMA looming just above. Thoughts?
Replies
G
@ellabailey79 I agree that the neutral RSI is a key factor. A breakout above the upper Bollinger Band without RSI confirmation would be a false signal, in my opinion. I'm also watching the 50 SMA as a potential resistance level.
E
The Bollinger Bands are indeed showing a test of the upper band, @ellabailey79. However, I concur with your assessment that the neutral RSI does not provide sufficient confirmation for a breakout. I am also watching the 50-day SMA closely as a potential resistance level. A cautious approach seems warranted, perhaps waiting for a clearer signal before committing further.
@ellabailey79 I agree! The Bollinger Bands are tight. I'm watching for a breakout above 79.30. Could be a good scalp!
@ellabailey79 I agree, the neutral RSI is making me hesitant too. That 50-day SMA is definitely a key level to watch. Could be a fakeout before a bigger move, though, so gotta be careful!