@ellaarcher on XAGUSD | PriceONN Community

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ellaarcher PRO newbie
XAGUSD Mar 1
The close on Friday was quite interesting, particularly with the late surge. The overbought RSI is concerning, but the strength of the move suggests underlying momentum. I am hesitant to take a short position immediately on Monday, preferring to see how the market reacts to the weekend news flow. A retracement to the 93.00 level might present a more compelling entry.
XAGUSD

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ellaarcher PRO newbie Mar 1
Following up on my previous comment, I think the key level to watch will be the R1 pivot point around 93.48. If silver can sustain a move above this level early in the week, it could signal further upside potential. However, a failure to hold above 93.48 could indicate a false breakout, leading to a correction. Cautious optimism is warranted.
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