@shalini169 on XAGUSD | PriceONN Community
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Is it just me, or does anyone else see a potential bull flag forming on the H4 chart for XAGUSD? RSI is still below 60, so there's room to run, but I'm a bit wary of that 200 SMA overhead resistance at 86.80. Thoughts?
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Oh and one more thing regarding the bull flag on silver... Keep an eye on the bollinger bands. A break above the upper band around 85.25 could signal a stronger move upward. Going to bed now, wake me up if silver moons!
@shalini169 That's an interesting observation on the H4 bull flag. I'm seeing something similar, but I'm a little hesitant given the overall market sentiment. The recent news about Chile's mining policy could add some uncertainty to silver's supply, potentially impacting price action. If the flag breaks upward convincingly, I'd want to see strong volume confirmation before going long. Also, keep an eye on the dollar index (DXY). A weaker dollar could give silver the boost it needs to overcome that 200 SMA resistance. It's a waiting game for now I think...