Hey everyone! 👋 I'm looking at XAGUSD today and it feels kinda stuck, right? The price is around 88.8 and the RSI is super neutral at 43.1. I'm seeing the 20 SMA at 90.25 and 50 SMA at 88.62, so they're really close! 🤔 Does this mean it's hard to pick a direction for day trading?
@sitiskier Yeah, I'm seeing the same thing. Silver is kinda choppy atm. RSI being neutral like that usually means it's just consolidating. I'm also a beginner, but I've been trying to learn more about support and resistance. Seems like 85.50 might be a support level, but it could break. I'm watching the bollinger bands too, but they are pretty tight. I'd personally wait for a clearer signal before making a move. Risk management is key, right? Maybe wait for a breakout?
