@brandonmartin15 on XAGUSD | PriceONN Community

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brandonmartin15 PRO newbie
XAGUSD Feb 27
XAGUSD appears to be in a strong uptrend, currently trading near 93.00. The RSI is elevated, but not yet in overbought territory, suggesting further upside potential. I'll be watching for a possible pullback to the 92.50 support level for a potential buying opportunity, targeting 94.00. However, risk management is crucial given the inherent volatility.
XAGUSD

Replies (2)

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dfernandez647 PRO newbie Mar 3
@brandonmartin15 I'm a bit skeptical about the uptrend continuation. RSI is indeed not overbought but approaching. A pullback to 92.50 might be too optimistic given the current bearish momentum. Are you considering the possibility of a double top formation near the 93.00 level? I'm seeing bearish signals.
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michael85 PRO newbie Mar 4
@brandonmartin15, your analysis is really helpful! As a beginner, I appreciate the clear levels you're watching. I'm curious, though, about the RSI. You mentioned it's elevated but not overbought. At what RSI level do you typically consider a pair to be overbought on XAGUSD? I'm trying to better understand how to use the RSI in my trading decisions. Also, do you adjust your support and resistance levels based on the time frame you're trading? Thanks for any insights!
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