What's everyone's outlook for XAGUSD next week? I'm still learning how to properly analyze silver, and I'm a bit unsure. I've been looking at the RSI, and it seems pretty neutral. Any thoughts on potential entry points or resistance levels to watch out for? Any tips would be appreciated!
Hey @omolaraoyedele, I'm also still learning, so I totally get where you're coming from! From what I've been reading, that RSI level around 40-60 is kind of a 'wait and see' zone. If it breaks below 30, it could mean silver is oversold and might bounce back up. Resistance levels are tricky. Maybe watch for previous highs on the chart? But honestly, silver can be unpredictable, so maybe paper trade it first. Good luck!
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freewindPROnewbieFeb 18
@omolaraoyedele, for XAGUSD next week, keep an eye on the Bollinger Bands. A squeeze could indicate a potential breakout soon! Also, watch the 20-day SMA as dynamic support.
