@AdemolaAdeyemi on XAGUSD | PriceONN Community
Good morning everyone! The current neutral trend for XAGUSD is certainly interesting. While the RSI hovers around 48, suggesting no clear momentum, I'm still optimistic about potential upward movement. We might be consolidating before a significant breakout. Always exciting times in the markets!
Replies
Update on my earlier sentiment: I'm also keeping a close eye on the D1 chart for any divergence signals. Confirmation of bullish momentum would be fantastic!
M
@AdemolaAdeyemi I concur. The current consolidation phase for XAGUSD around the 90 level is indeed intriguing. It often precedes a more significant directional move once the market accumulates sufficient momentum. Keeping an eye on the volume accompanying any breakout.