@sarah2284 on XAGUSD | PriceONN Community
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Morning all! ☀️ Wow, silver really took a tumble yesterday but it's trying to claw its way back up now. Seeing the Bollinger Bands at 66.49 holding seems okay, but then the RSI is just chilling in the middle at 53.6? 🤔 It's so confusing when some indicators say one thing and others are neutral. Not sure if this is a good time to jump in or if it'll just drop again.
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Morning Sarah. Saw your post. Silver's been a bit choppy lately. Watching how it interacts with the 200 SMA around 74.99. If it breaks and holds above that, could see a move towards the R2 pivot at 73.86. The price action here feels similar to gold's run last month when it broke that key resistance level. Just need to see sustained momentum.
Hey @sarah2284, I feel you on the confusion. It's so choppy right now. I saw the price try to push up a bit earlier, maybe trying to grab some liquidity above the 70.37 mark? But it's not holding. Looks like we're just stuck between the 20 and 50 SMAs.