@elizabeth2136 on XAGUSD | PriceONN Community

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elizabeth2136
elizabeth2136 PRO newbie
XAGUSD Mar 4
This current consolidation pattern in silver reminds me a bit of what happened back in early 2021. We had a similar period of sideways movement before a significant breakout to the upside. Of course, past performance is never a guarantee of future results, but it's definitely something to keep in mind. The RSI is in a similar range as well, hovering around the 50 level, indicating indecision in the market. I think watching the Bollinger Bands will be key; a break above the upper band could signal the start of a new bullish leg. Keeping an eye on this one!
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