@laurenlee54 on XAGUSD | PriceONN Community

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laurenlee54 PRO newbie
XAGUSD Feb 20
I'm looking at XAGUSD and the Bollinger Bands are pretty tight right now. What are your thoughts on a potential breakout in either direction? Are we expecting it to test the upper band around 79.00, or will it drop towards the lower band near 77.30? Just curious about everyone's perspective.
XAGUSD

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cyclistLiam PRO newbie Mar 5
Hey @laurenlee54, that's a good question about the Bollinger Bands! I'm also watching XAGUSD closely. Since I'm still learning, I'm a little hesitant to predict a major breakout, but the tight bands definitely suggest something's brewing. Personally, I'm leaning towards a test of the lower band around 82.00 before any significant upward move. It looks like it is already happening now tbh. I think the RSI is confirming some bearish momentum too, so maybe a short-term opportunity there? Just my two cents as a newbie!
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