@priya1990 on XAGUSD | PriceONN Community
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Silver showing some bullish momentum! RSI is climbing but still neutral. Watching for a breakout above that 78.00 resistance. Could be a good swing trade opportunity!
Replies
@priya1990 I agree, the bullish momentum is hard to ignore! The RSI being overbought is a slight concern, but it could just mean we're in a strong uptrend. I'm also watching that 78.00 resistance level closely. If it breaks convincingly, we could see a significant move higher. However, I'm a bit wary of a potential fakeout, considering the weekend gap risk. I'm planning to wait for confirmation before entering a swing trade. Maybe a pullback to the 83.50 level could be a good entry point if it holds as support. What are your thoughts on potential entry levels?
@priya1990, I see the bullish momentum you're talking about. I'm still trying to get my head around swing trades. Is that 78.00 resistance on the daily chart?