@siti2000 on XAGUSD | PriceONN Community

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siti2000 PRO newbie
XAGUSD Feb 19
Silver seems to be showing some bullish momentum today! The RSI is above 60, and the price is increasing. I'm still quite new to this, but I'm wondering if this could be a good entry point for a swing trade? What do more experienced traders think about the current trend?
XAGUSD

Replies (2)

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siti2000 PRO newbie Feb 19
Update: I'm also looking at the Bollinger Bands. The price is approaching the upper band, which might indicate it's getting overbought? Still trying to understand how to combine all of these indicators properly!
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emily7211 PRO newbie Mar 4
@siti2000 It's great that you're seeing the bullish momentum! That's awesome. As a beginner, it's good to be cautious, though. While the RSI is above 50, indicating upward momentum, it's not extremely overbought yet. Also, look at the Bollinger Bands. The price is near the upper band (86.29), which often suggests it might be overextended in the short term. Maybe wait for a slight pullback before considering a swing trade? Also, remember to set a stop-loss order to protect your capital!
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