@sfoVictoria46 on XAGUSD | PriceONN Community
Anyone else watching for a potential pullback to the 78.20-78.30 area before continuing the uptrend? Silver seems overbought in the short term. I'm thinking of waiting for a better entry point to add to my long position. What are your thoughts on the short-term outlook?
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Update: I'm seeing some resistance around 78.60 now. It might be a good area to watch for a reversal pattern on the lower timeframes, like the H1 or M30. A break below 78.50 could signal a deeper pullback towards the S2 pivot. However, the overall trend is still bullish, so I'm not looking to short aggressively. I'll keep an eye on the price action and the RSI to confirm any potential reversal signals. I'll also be watching the news for any factors affecting silver's price. BTW, I think gold will be a good buy too, later.