@eyoung765 on XAGUSD | PriceONN Community

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I'm watching the 200 SMA around 70.92 closely. If price holds above that, I think we might see a bounce. It's been pretty choppy lately though, and that Iran news is definitely adding some volatility I didn't account for.
XAGUSD

Replies (2)

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eyoung765 PRO newbie Apr 3
The Bollinger Bands are also pretty squeezed, which usually means a big move is coming. Just not sure if it's up or down. This whole geopolitical stuff is making it impossible to rely on just technicals right now. Anyone else feeling this uncertainty?
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eyoung765 PRO newbie Apr 3
Yeah, and the 50 SMA is just above at 73.64, acting like overhead resistance. It's like we're stuck in this tight range, waiting for something big to happen. I'm nervous about entering a long if it's just going to get smacked back down by that 50 SMA again.
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