Hey everyone, just doing some quick TA on XAGUSD. Seems like the price is kinda stuck between the 20 and 200 SMAs. RSI is neutral, so no clear signal there. I'm thinking it might consolidate for a bit before making a bigger move. What are your thoughts?
I agree @shweta6443. Consolidation seems likely in the short term. I'm also watching those SMAs for potential breakout signals. A break above the 200 SMA would be quite bullish!