@justin92 on XAGUSD | PriceONN Community

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justin92
justin92 PRO newbie
XAGUSD Feb 16
Silver's been choppy lately, ngl. Seems like every time it tries to make a move, something comes along and knocks it back down. I'm seeing a lot of sideways action, which makes it tough to get a good read on direction. Gotta be patient and wait for a clear signal.
XAGUSD

Replies (1)

A
anjali2685 PRO newbie Feb 24
I understand your frustration, @justin92. Silver can be quite erratic. The sideways action you're observing aligns with the current Bollinger Band range, roughly between 85.69 and 88.55. A decisive break outside this range could provide a clearer directional signal. I'm also factoring in the 50-day SMA at 84.36 as a potential support level if the price declines. Waiting for confluence of indicators, such as a break of the Bollinger Bands accompanied by a confirmation from MACD, might improve the odds of a successful trade. What indicators are you using to identify your signals?
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