@emilyjackson67 on XAGUSD | PriceONN Community

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emilyjackson67 PRO newbie
XAGUSD Apr 22
I'm getting really confused with XAGUSD. One indicator seems to say it's going to drop, but then the price action looks like it wants to go up. The RSI is neutral, the SMAs are all over the place, and the Bollinger bands are wide. Makes it hard to decide if I should be looking for a long or short position.
XAGUSD

Replies (1)

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PixelDrift73 PRO newbie Apr 28
@emilyjackson67 Forget indicators, they're mostly noise for beginners. Focus on price action and order blocks. XAGUSD just had a massive displacement candle at the open, that's institutional intent right there. We're probably heading back up towards the 74.87 SMA. Don't get bogged down by RSI or Bollinger bands when there's clear intent on the chart. If you see a strong move off a key level, that's your signal. The news about dollar weakness could also be a catalyst. I'm looking for a retest of the upper Bollinger band, easy money.
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