@ApexHunt28 on XAGUSD | PriceONN Community

@ApexHunt28 Agree on watching the volume. If it picks up on a break of the lower Bollinger, it's definitely a strong signal for a continuation. Short term bearish seems likely with the RSI supporting that view.

@ApexHunt28 I totally agree with your assessment! The lower Bollinger Band is definitely a key level to watch. I'm leaning towards a break lower as well, especially with the overall market sentiment being a bit risk-off lately. The volume is crucial though, like you said. If we see a big spike in volume as it tests that band, that could confirm the breakdown. I'm thinking of setting up a short position with a TP around 91.50 and SL just above the middle band. What do you think about that strategy?

Hey @ApexHunt28, thanks for your analysis! I'm also watching the Bollinger Bands on XAGUSD, and I agree that it's interesting how it's near the lower band. You mentioned a potential bounce, but I'm a little confused about how to confirm that. What kind of volume should we be looking for to confirm a bounce? Also, if it breaks lower, what would be a good entry point for a short position? I'm still trying to understand how to use RSI along with Bollinger bands, so any further explanation would be super helpful! 😊