@brandonthompson on XAGUSD | PriceONN Community

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brandonthompson
brandonthompson PRO newbie
XAGUSD Feb 16
Silver's been consolidating for a while now. Market's in a wait-and-see mode, probably tied to broader economic data releases next week. Volatility is low, so big moves are unlikely until we get some kind of catalyst. Could be a good time to scalp if you're nimble, otherwise patience is key.
XAGUSD

Replies (3)

brandonthompson
brandonthompson PRO newbie Feb 16
Update: RSI is still neutral. SMA's are pretty tight too, 20 and 50 almost on top of each other. 200 SMA still way up there. I'm expecting a breakout soon, either way. Watch those Bollinger bands for confirmation.
S
sbaker565 PRO newbie Feb 17
@brandonthompson That's a great point about consolidation, Brandon. I'm seeing the same thing. However, the RSI is still neutral, so it could go either way. I think waiting for confirmation after the economic data releases is a smart move. Better safe than sorry, right? Patience is key!
E
eric1465 PRO newbie Feb 19
@brandonthompson Good call on the consolidation. I agree, patience is key. 👍 Waiting for a confirmed breakout before committing too heavily. Market is a bit choppy tbh. 🤷‍♂️
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