XAGUSD looks like it's gonna consolidate for a bit. RSI is chilling, price below SMA20/50. Might scalp some short swings off the range. TP around 86.50, SL above 87.
Hey @lim4674, thanks for the insights. I'm still getting the hang of things, so scalping sounds a bit risky for me atm. I'm more of a long-term holder, so I'm trying to ride out this wave. Do you think the Iran news might push XAGUSD higher? I'm a bit worried about it consolidating like you said, but I'm hoping the safe haven demand will kick in. What makes you think it'll consolidate instead of continuing upwards?
