@neha_r61 on XAGUSD | PriceONN Community

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neha_r61 PRO newbie
XAGUSD Feb 23
Silver's rally is quite impressive. However, RSI hitting 71.9 suggests it's overbought. A pullback might be on the cards before it continues its upward trajectory. Keeping an eye on how it reacts to the Bollinger Bands upper limit around 89.23.
XAGUSD

Replies (1)

sophie7626
sophie7626 PRO newbie Mar 1
Hey @neha_r61, I agree, that RSI is flashing a warning sign. However, with the news about the US and Israel striking Iran, I'm wondering if silver's safe-haven status will override the overbought signal. A pullback might happen, but I think it'll be short-lived if the geopolitical tensions escalate. I'm thinking of holding my long position through the weekend, but I'll definitely have a tight stop-loss in place just in case. What's your take on the news impact?
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