@andrew4486 on XAGUSD | PriceONN Community
Alright folks, XAGUSD looking a bit indecisive around the 89.60 mark, right at that R1 pivot. RSI is chilling at 51.5, perfectly neutral, which means no clear party is winning the arm wrestle yet.
Any wise owls out there seeing a potential breakout or a dip back towards the daily pivot at 89.33? My crystal ball is a bit foggy today.
Any wise owls out there seeing a potential breakout or a dip back towards the daily pivot at 89.33? My crystal ball is a bit foggy today.
Replies
Adding to my earlier thought on XAGUSD's neutrality, I'm keeping an eye on upcoming economic data releases next week. This consolidation around 89.60 could be a calm before the storm.
If we get any strong surprises, especially from inflation figures, this silver market could quickly pick a direction. Always good to have a backup plan, or at least a good excuse ready!
If we get any strong surprises, especially from inflation figures, this silver market could quickly pick a direction. Always good to have a backup plan, or at least a good excuse ready!