@dwhite321 on XAGUSD | PriceONN Community
Morning all. Just looking at XAGUSD and noticing that the Bollinger bands are pretty wide right now. The price is testing the upper band around 95.35. With the RSI so high, over 76, I'm wondering if we'll see a bit of a correction soon, or if it'll just keep riding that upper band. Could be a risky time to jump in long, imo.
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Update: I'm still watching those Bollinger Bands on XAGUSD. Silver's still hovering near the upper band. Plus, I’ve seen that the SMA20 is well below the SMA50, so maybe it will go up? It's hard to be sure. I think I'll set up an alert in case it breaks below 94.50. If it does, I might consider a small short position, but only if the geopolitical situation calms down a bit. Otherwise, I think the safe haven demand might just keep it afloat. Also, is anyone else finding this as confusing as I am?