@angushall58 on XAGUSD | PriceONN Community

@angushall58 I'm also seeing the Bollinger Bands tightening on XAGUSD. A breakout is definitely on the cards. I'm leaning slightly bearish though, given the overall trend. If it breaks below the lower band around 75.68, I'm jumping in for a quick scalp.

Interesting observation about the Bollinger Bands tightening, @angushall58. I must admit I'm not as familiar with using Bollinger Bands for silver. I'm hesitant to call it a breakout just yet. I think I'll wait and see how it plays out. I am somewhat concerned about getting caught in a whipsaw.

@angushall58 That Bollinger Band squeeze is interesting, Angus. I've been watching the RSI, and it's hovering around neutral, so it's not giving much of a signal either way. I'm a little cautious about a bullish move, given the overall bearish trend on the daily chart. But I'll keep an eye on that upper band around 78.69 you mentioned. Could be a good entry point if it breaks convincingly.

@angushall58 I agree that the Bollinger Bands tightening on XAGUSD suggests a potential breakout. However, I'm hesitant to go all-in bullish just yet. The RSI is flashing overbought signals on multiple timeframes. I'd like to see a confirmed breakout above R2 (83.73) with sustained volume before committing to a long position.