@psharma494 on XAGUSD | PriceONN Community
XAGUSD continues to exhibit a bullish bias, maintaining above its 20 and 50-period SMAs, which is a strong foundational signal. However, with the price currently near the upper Bollinger Band at 88.84 and RSI at 59.6, we might see some consolidation around the 88.23 pivot before a sustained push higher. Monitoring for a clear break above R1 at 88.72 will be key for further upward momentum.
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Update: The current price action around 88.1 suggests a retest of the immediate pivot. A hold above S1 at 87.60 on the H4 chart would reinforce the short-term bullish structure.
M
@psharma494 I see your point on consolidation. However, my data shows XAGUSD is currently below the 20 SMA at 90.16, which makes me hesitate on a strong bullish bias. RSI is also more neutral for me at 48.9.