@chinweibrahim81 on XAGUSD | PriceONN Community

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chinweibrahim81 PRO newbie
XAGUSD Feb 24
I'm looking at XAGUSD and while the overall trend is indicated as bullish, the current price action around 87.54 seems a bit hesitant. The RSI at 52.4 is definitely in neutral territory. I'm wondering if this is just a temporary pullback before continuation or if the bullish momentum is actually weakening. The 20 SMA is very close to the current price which suggests some consolidation right now.
XAGUSD

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chinweibrahim81 PRO newbie Feb 24
update: I'm also seeing the price currently sitting right on the middle Bollinger Band at 87.51. This really reinforces the idea of consolidation or a slight pause. For a day trade, I'm finding it difficult to find a clear entry point right now. I'll wait for a definite break above R1 or a clear retest of S1 before considering any positions for XAGUSD...
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