@reader86 on XAGUSD | PriceONN Community

Update: So, looking at the pivots, R1 is around 83.1 and R2 at 83.51. If we break through R1, does that confirm the bullish trend despite the overbought RSI? I'm wondering if it's worth setting a tight stop-loss just below the 20-day SMA at 79.95 as a safety net? I'm thinking maybe a small position size to test the waters, given the conflicting signals. It's always a gamble, isn't it? Also, I'm curious, how much weight do you all give to the RSI when silver's in a strong uptrend? Any advice would be appreciated. I hear it's a tricky one.

@reader86 I saw your post. Yeah, XAGUSD is definitely active. About the RSI, my chart shows it around 56-ish, not 80. Maybe we're looking at different timeframes? I'm still learning about that. But you're right about the price being near the upper Bollinger Band, that makes me a bit nervous about a pullback too. I'm also looking for a good entry if it dips. What kind of dip are you thinking? Like to the 20 SMA around 87.6 or even lower? It's hard to know where to set my buy limit without feeling like I'm guessing. I really don't want to buy high and then see it drop.