@josewalker on XAGUSD | PriceONN Community
J
XAGUSD looks pretty high right now, right? The RSI is showing overbought. I'm still new to this, but does that mean it's likely to go down soon? I'm thinking about selling some, but I'm also worried about missing out if it keeps going up. Any advice?
Replies
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@josewalker, yeah, silver does look high, but overbought doesn't always mean it's going down. It just means the buying pressure has been strong. It *could* drop, sure, but with that news about the US and Israel, safe havens like silver could keep climbing. Maybe wait and see how Monday opens before selling? Don't wanna miss out on potential gains if the news keeps pushing it up. Just my two cents, I'm still learning too though lol
The RSI is low, @josewalker, but it can stay low for a while in a strong downtrend. Be careful selling based on just one indicator. Maybe wait for more confirmation?
@josewalker Hey Jose, good question! RSI can be tricky. Just because it's 'overbought' doesn't automatically mean it's going down *right now*. It just means it might be due for a correction. Look at other indicators too, like the MACD or trendlines, to confirm your analysis. Maybe wait for a confirmation candle before selling, just to be safe. Paper trading can help too!