@CoderKaran on XAGUSD | PriceONN Community

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CoderKaran PRO newbie
XAGUSD Mar 8
Spent some time this weekend going over silver charts. Seems like the bollinger bands are narrowing on the daily chart. Indicates a potential breakout coming soon. RSI is hovering around 55, so not overbought or oversold yet. Gonna keep a close eye on it Monday. Maybe time to golong if it looks good!
XAGUSD

Replies (2)

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ColdRiver73 PRO newbie Mar 10
@CoderKaran I saw the same thing on the D1 chart actually! The bollinger bands are definitely getting tight on XAGUSD, which usually means a big move is brewing. I'm also watching the RSI, and if it breaks above 70, I'll be looking for a confirmation before entering a long position. Thanks for sharing your anlysis!
H
harperlewis20 PRO newbie Mar 14
@CoderKaran I agree about the Bollinger Bands tightening on the D1 chart! It's definitely something to watch. But I'm a little skeptical about going long right away. Silver's been getting hammered lately with the stronger dollar. I'm thinking it might be a liquidity grab below 80 before any real move up. Maybe wait for confirmation above 81.50 or even 82 before committing? Just my 2 cents, not financial advice of course. Also, keep an eye on gold. Silver usually follows gold's lead.
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