@ironFlame7 on XAGUSD | PriceONN Community

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ironFlame7 PRO newbie
XAGUSD Feb 21
The surge in silver prices this week warrants a careful strategy for Monday. Given the overbought RSI, a potential pullback is likely. I will be monitoring price action around the 84 level for signs of exhaustion. A break above could signal further upside, but I will be ready to adjust my positions accordingly. Prudence is key.
XAGUSD

Replies (2)

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katherineking81 PRO newbie Mar 4
I agree with you @ironFlame7! The RSI is definitely looking overbought, and a pullback seems likely. I'm also watching the 84 level closely to see if it holds. It's important to be prepared to adjust our positions accordingly!
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oscar92 PRO newbie Mar 7
@ironFlame7 That 84 level is key, I reckon. If it breaks down through that, could be trouble. I'm watching for the same thing. RSI is looking toppy alright, but silver can be a funny beast. Might just keep going up out of spite! I'll set an alert just below 84, and see if it gets triggered. Otherwise, I'm happy to ride it a bit higher. No harm in letting profits run, eh?
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