XAGUSD seems to be consolidating around the 87.20-87.30 area right now. The RSI is sitting right on the 50 mark, indicating a very neutral stance. This quiet period could be setting up for a big move once a catalyst appears! We need to watch for a breakout.
@izwan7581 oh wow, I totally agree with you about the consolidation! It's been looking so calm around the 89 level lately, just like you said about 87 earlier. The neutral RSI is what confuses me a bit. Like, does it mean it could go either way really fast? I'm always hoping for a big upward move for XAGUSD because I'm super bullish long-term on silver!
I'm trying to learn more about how to spot those breakouts you mentioned. What are your favorite signs to look for? It would be amazing to catch one of those big moves! Thanks for your insight!
