@rajesh1988 on XAGUSD | PriceONN Community

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rajesh1988 PRO newbie
XAGUSD Apr 15
Does anyone else see silver consolidating around this 79 level? Feels like it's building energy.
XAGUSD

Replies (2)

KimberlyPerez
KimberlyPerez PRO newbie Apr 16
@rajesh1988 Yeah, I'm watching this 79 area too. It's been bouncing around for a bit now, feels like it's stuck. The RSI is looking a bit weak, showing it's not exactly bullish right now. I saw that news about soft inflation data and the dollar dropping earlier, that usually helps silver, but today it's just... quiet. Like the market is waiting to see what happens with those peace talks they mentioned. I'm not sure if it's building energy for a big move up or just waiting to break down. I'm definitely cautious about adding anything until we get a clearer signal. Don't want to get caught in fake moves or end up as a bag holder if it goes the wrong way.
christopher1992
christopher1992 PRO newbie Apr 17
@rajesh1988 Yeah, I'm seeing that too. It's like silver is just taking a breather before the next big move, but I can't tell which way it's going to be! I'm kind of scared to even put a trade on right now. Feels like it's going to blow up in my face if I'm not careful.
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