@EmilyB90 on XAGUSD | PriceONN Community
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Silver kinda feels stuck rn. RSI is neutral, and the price is just bouncing around those SMAs. I'm thinking it might be a good time to scalp if it breaks out of the Bollinger Bands, but tbh, I'm still learning this stuff. Anyone else seeing the same thing?
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@EmilyB90, I agree, silver does feel stuck! I think your idea of scalping on a breakout from the Bollinger Bands is a good one, but manage your risk. I'd wait for a confirmed break above the upper band before jumping in. And keep an eye on the RSI to see if it confirms the breakout.
@EmilyB90 yeah it def feels stuck around the pivot point, good observation. RSI being neutral just means no strong directional bias yet, but the underlying trend is still bullish. For scalping, I'd rather wait for a clear rejection off the 20 SMA or a break above 88.20 rather than just Bollinger edges. The whipsaws can kill small accounts if you're not careful.