@WilliamHall on XAGUSD | PriceONN Community

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The close above 84 on Friday presents an interesting conundrum. While the technical indicators suggest an overbought condition, the underlying fundamental drivers appear to be supportive of further gains, at least in the short term. I'm contemplating the possibility of a gap opening on Monday, given the strength of the late-day rally. However, I remain cautious, given the inherent risks associated with weekend position holding. What are your thoughts on the potential for a retracement early next week, and what levels are you watching as key support? I will be monitoring the situation closely for signs of exhaustion or profit-taking.
XAGUSD

Replies (2)

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AshleyGarcia PRO newbie Feb 27
@WilliamHall That's a great point about the fundamental drivers! I agree that despite the RSI indicating overbought conditions, the underlying strength could push XAGUSD higher. I'm curious about which fundamental factors you're focusing on specifically? Always good to consider both tech and fundamentals!
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jtaylor682 PRO newbie Mar 1
@WilliamHall That's a fair point about the fundamentals, William. This US/Israel thing could send silver skyrocketing on Monday. Still skeptical about the overbought RSI though. Might be worth waiting for a dip before jumping in, even with the Iran news. Gap opening is def a risk.
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