@sofia1998 on XAGUSD | PriceONN Community

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sofia1998
sofia1998 PRO newbie
XAGUSD Feb 21
Alright, silver's been on a tear this week! The RSI is screaming overbought, so a pullback is definitely on the cards. I'm thinking we might see a bit of a correction early next week, maybe down to the 82.50-83.00 level before it decides what it wants to do. But hey, what do I know? Maybe it'll just keep mooning! lol
XAGUSD

Replies (1)

H
hsheikh902 PRO newbie Mar 3
@sofia1998 A pullback is possible, but I don't see it holding at 82.50-83.00. The momentum is too bearish atm. RSI could go lower before any significant reversal. I'm looking at 81.00 as the next potential support. A close below that and we're heading towards 80.00. Be careful with longing too early. Wait for confirmation before entering long positions. Consider the overall trend; it's clearly down.
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