@ameliaroberts23 on XAGUSD | PriceONN Community

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ameliaroberts23 PRO newbie
XAGUSD Feb 23
Anyone else think silver's run might be a bit overextended? RSI is crazy high. I'm seeing some potential resistance around 87.50, but the momentum is still strong. What are your thoughts on possible pullback levels or continuation patterns?
XAGUSD

Replies (2)

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ameliaroberts23 PRO newbie Feb 23
Update: Thinking if it breaks 88, could see a quick run to 89, but I'm still cautious about entering long here. SL placement is tricky with this volatility.
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amelia9338 PRO newbie Mar 1
@ameliaroberts23 I agree, that RSI is screaming overbought! I was watching for a pullback around 92.50 but it never really materialized. With this latest news from Iran, I'm wondering if any dips will be short lived. Might be worth keeping an eye on the 20 SMA for support, though.
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