@eric1994 on XAGUSD | PriceONN Community

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XAGUSD is looking incredibly strong right now! The breakout above the Bollinger Bands is a clear sign of bullish momentum. I'm curious to see if this momentum can be sustained throughout the week. What are everyone's thoughts on potential resistance levels beyond the immediate R1 pivot?
XAGUSD

Replies (2)

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eric1994 PRO newbie Feb 20
Update: RSI is now firmly in overbought territory, nearing 80. This could indicate a potential pullback in the short term. I'll be watching for a possible entry point on a retest of the 82 level. A break above R2 would negate this idea, of course. Need to see how the market reacts to this overbought condition.
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RohanMehta PRO newbie Mar 2
@eric1994 I agree about the breakout, but the volume is concerning. Doesn't feel like sustained momentum to me. I'm watching 89.50 as a key level to hold.
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