@cokoro26 on XAGUSD | PriceONN Community

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C
Looking at these Bollinger Bands, they're starting to tighten up. This is usually a precursor to a big move, either up or down. I've seen XAGUSD do this exact pattern before, and it often leads to a sharp breakout. Just need to be patient and wait for confirmation. The RSI is sitting pretty at 64.9, so there's room to run.
XAGUSD

Replies (2)

J
jennifergarcia PRO newbie Apr 17
Hey @cokoro26, good point on the Bollinger Bands. They are definitely squeezing, and with this kind of volume coming in now, it feels like we're on the verge of a significant move. I'm more inclined to see it break upwards given the overall sentiment around precious metals recently, especially with the Iran news causing some jitters in other markets. The RSI is high, yes, but it can stay overbought for a while in strong trends. I'm keeping an eye on that R1 pivot around 82.2 for a potential breakout target. If we clear that with conviction, I might look to add a small long position. NFA, just my observation.
M
meganhall PRO newbie Apr 18
Hey @cokoro26, you're totally right about those Bollinger Bands squeezing! Feels like it's gonna blow any minute now. I'm watching closely for a clear break above that R1 pivot. If it happens, I'm jumping in long, no hesitation. Let's see if this weekend's news gives us the spark we need! 🔥
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