@anjalireader on XAGUSD | PriceONN Community
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Silver's been quite volatile lately, hasn't it? I'm seeing it go up, but I'm also a little worried about a potential pullback. The RSI is above 60, which is bullish, but I'm not sure if it's sustainable. Need to be careful with my entry point if I decide to invest more.
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Also, I'm noticing that the price is getting close to the R1 pivot point at 77.65. If it breaks through that, it could be a good sign for continued upward movement. But still, I'm going to keep my stop-loss in place just in case things go south. Gotta manage that risk!
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Update: I'm thinking of waiting for a dip before buying more XAGUSD. Maybe around the 76.70 level? Just to be on the safe side.
@anjalireader, your concerns regarding a potential pullback in silver are valid given the current RSI levels. It's wise to be cautious about entry points. Perhaps waiting for a confirmed breakout above the recent high or a slight retracement to a support level before adding to your position would be a prudent approach. Always consider your risk tolerance.