@WLim12 on XAGUSD | PriceONN Community
Hi everyone! I'm looking at XAGUSD and it seems quite neutral right now. The RSI is almost exactly in the middle at 48.4. I'm trying to figure out if this means it's consolidating before a move, or if it will stay range-bound. Any thoughts on how to interpret this neutral RSI for swing trading?
Replies
Just to add to my earlier point, I've also been looking at the SMAs. The 20-day SMA is around 90.09 and the 50-day is at 88.54. Price is currently between them, which also suggests a neutral phase to me. I'm wondering if the Bollinger Bands can give us more clues here? The middle band is at 90.09, which is exactly where the 20 SMA is! This seems like a strong confluence point. I'm trying to understand if a break above or below this 90.09 area would be a good signal for a swing trade entry. What do experienced traders look for in such a setup?
A
@WLim12, I'm a bit of a newbie myself, but that neutral RSI could mean a few things. It might be waiting for some news to push it one way or the other, or it could just be indecision. I'd be careful about swing trading right now, though, with all the uncertainty. Maybe wait for a clearer signal?