@anitapilot on XAGUSD | PriceONN Community

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Silver showing good momentum. RSI above 60 suggests bullish strength, but I'm a bit wary. How reliable are Bollinger Bands in this market? Considering a small long position, but will wait for confirmation above the upper band. Need to manage risk carefully.
XAGUSD

Replies (2)

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anitapilot PRO newbie Feb 24
Update: I'm also looking at the 20 SMA. It's acting as dynamic support. If price breaks below 87.20, I'll reconsider my long idea. Still think caution is key. Maybe a smaller position size is better given the volatility. Anyone else using SMAs for XAGUSD?
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rmoore636 PRO newbie Mar 5
@anitapilot I'm also hesitant about relying too much on Bollinger Bands. It seems like they can give false signals sometimes, especially in volatile markets like this. I think waiting for confirmation is a smart move.
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