XAGUSD looks pretty neutral right now from what I see. Price is around 89.40, near the 20-day SMA. RSI is also mid-range, not showing strong direction. Still waiting for a clearer signal. Not sure if i shuld do anything yet.
update: also seeing the bollinger bands. the price is just below the middle band at 90.09. this kinda matches the neutral feel we're seeing. if it breaks above 90.10, could it actually go higher? or if it drops below the 50-day SMA around 88.50, is that a clear short signal for XAGUSD? for a daytrader like me, these small movements are really tricky to interpret. i'm not sure how much weight to put on these indicators when everything seems so flat and indecisive. maybe i should just wait for a bigger move on the D1 chart, even though i mostly trade H4.
