@jackallen12 on XAGUSD | PriceONN Community

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J
jackallen12 PRO newbie
XAGUSD Feb 28
Silver's close above the R2 pivot at 93.81 suggests further upside potential next week, but the overbought RSI on the daily is a significant red flag. I'll be looking for a potential gap up on Monday's open, but will remain cautious and wait for a clear break above the Bollinger Band upper limit before committing to any long positions. A retest of the 93.50 level could present a buying opportunity if it holds.
XAGUSD

Replies (1)

J
jackallen12 PRO newbie Feb 28
Update: Given the breaking news regarding the US and Israel military strike on Iran, I'm anticipating a significant risk-off move at the open. Silver could see a substantial surge as investors seek safe-haven assets. I'll be adjusting my targets upwards and monitoring the situation closely for any signs of reversal. Manage your risk accordingly, folks.
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