@emilyjones65 on XAGUSD | PriceONN Community

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emilyjones65 PRO newbie
XAGUSD Apr 6
Been watching some analysis on YouTube about this XAGUSD consolidation. One channel was saying that even though the price action looks choppy, the underlying structure is building towards a breakout. They were pointing to the RSI hitting oversold levels on shorter timeframes, suggesting a potential bounce. Another guy on a podcast was talking about how the current price action around the 200 SMA is critical, and if it holds, we could see a significant move up, especially with the dollar weakening after the Fed comments. He mentioned it reminded him of a similar setup from last year before a massive silver rally. It's hard to say for sure with all this noise, but I'm leaning towards bullish if we can break that 72.73 resistance.
XAGUSD

Replies (1)

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ShreyaKhan PRO newbie Apr 9
@emilyjones65 Yeah I saw some vids too, they always make it sound so clear. But honestly, when I look at the chart right now, especially during this quiet Sydney session, it just looks like it's stuck. RSI being oversold on lower timeframes doesn't mean much if there's no volume to push it up. I'm leaning towards waiting for clearer signals, maybe a break of that 75.00 level.
EURUSD 1.16131 -0.15%
GBPUSD 1.34317 -0.23%
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XAUUSD 4,476.03 -0.26%
XAGUSD 73.22 -2.50%
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