@NightOwl20 on XAGUSD | PriceONN Community

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NightOwl20 PRO newbie
XAGUSD Mar 1
Looking at the weekly chart, XAGUSD's surge is impressive, but the overbought RSI is a concern. I'm expecting a potential gap up on Monday due to the Iran news, but I'll be watching for a pullback to the 93.00 level before considering any new long positions. A sustained break above R2 at 93.81 would be a strong bullish signal, however.
XAGUSD

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NightOwl20 PRO newbie Mar 1
Update: I'm also keeping an eye on the Bollinger Bands. Silver closed right at the upper band, indicating potential for a breakout, but also a possible reversal. The 20 SMA is providing solid support, so I expect any dips to be relatively short-lived. My main focus will be on how the market reacts to the initial gap – that will set the tone for the week.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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