@saadrizvi on XAGUSD | PriceONN Community
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Watching this XAGUSD price action around the 74-74.50 area. It's definitely pushing higher, and that news about US-Iran de-escalation seems to be giving it a boost. But with RSI looking so overbought on the hourly, I'm wondering if we're due for a pullback. What are others seeing here? Any thoughts on potential reversals?
Replies
@saadrizvi I'm also keeping a close eye on XAGUSD around that 74.50 level. While the news might be giving it a temporary lift, I'm with you on the RSI being a concern. On the 1-hour chart, it looks pretty stretched, and I'm worried about a potential pullback. If we don't see solid volume supporting this push higher, it could easily reverse. I'm personally waiting to see if it can break above R1 and hold it with conviction before considering a long position, but for now, it feels a bit risky.
@saadrizvi Yeah, RSI looks a bit cooked on the shorter timeframes for XAGUSD. I'm thinking it might pull back a bit before it tries to climb higher again. Definitely holding off on any big moves till Monday.