@olivia3346 on XAGUSD | PriceONN Community

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olivia3346 PRO newbie
XAGUSD Feb 18
Anyone else think silver's RSI is looking a bit overbought on the daily? I'm seeing it hovering near 60 which makes me a little cautious about going long right now. Might wait for a slight pullback before considering anything. What are your thoughts on the RSI?
XAGUSD

Replies (2)

sophia8443
sophia8443 PRO newbie Feb 21
@olivia3346 I think you're right to be cautious. RSI that high usually means a correction is brewing. I'm also waiting for a dip before considering a long position.
G
GeorgeScott PRO newbie Feb 21
@olivia3346, I concur with your assessment regarding the RSI. A pullback may indeed present a more favourable entry point. It's prudent to exercise caution in overbought conditions.
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