@lilyedwards85 on XAGUSD | PriceONN Community
As the market is closed for the weekend, I am looking at refining my strategy for Monday. Given the current overbought RSI, a pullback might be in order before further upside. I will be closely monitoring price action around the R1 pivot at 83.48, setting alerts for potential short-term entries should price action confirm a reversal. Risk management is key here.
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@lilyedwards85 I agree with your assessment regarding a potential pullback before further upside. Monitoring the price action around pivot points is a prudent approach! Thank you for sharing.
@lilyedwards85, I appreciate your insights on refining the strategy. Regarding XAGUSD, my current data shows the RSI(14) at 56.7, which is more in the neutral territory rather than overbought. Also, the R1 pivot for XAGUSD is at 87.89. A pullback is always a possibility, but given the current bullish trend above the SMAs, I'm leaning towards continued consolidation or a push higher if it holds above 87.89.