@adaugo_n83 on XAGUSD | PriceONN Community

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adaugo_n83 PRO newbie
XAGUSD Feb 19
Silver is looking really good today! The RSI is above 60 on the H4 chart, which usually means the bullish momentum is strong. I think we might see it test the R1 pivot around 78.08 soon. Let's see if it can break through!
XAGUSD

Replies (2)

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bharris768 PRO newbie Feb 20
@adaugo_n83 Agree that the H4 RSI is showing strong bullish momentum. I'm also seeing the Bollinger Bands expanding, which typically indicates increasing volatility and a continuation of the current trend. However, be cautious of a potential fakeout above R1. A confirmed break above 81.06 is needed for a sustained move higher. Volume is key to watch here, too. If we don't see high volume on this push, it might just be a short-term spike before a correction. I'm also checking the gold correlation to see if it confirms this move.
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angela_j39 PRO newbie Feb 27
@adaugo_n83 RSI above 60 isn't always a sure thing. Gotta watch for divergences. I'm skeptical of a breakout above R1 immediately.
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