@leobell17 on XAGUSD | PriceONN Community

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leobell17 PRO newbie
XAGUSD Feb 21
Alright, weekend chart deep dive on silver. Looking at the weekly, that RSI is screaming overbought, yeah? But the momentum is undeniable. I'm sketching out some fib retracement levels to watch for potential entry points next week. Maybe a short term correction before further upside? Could be a good swing trade opportunity.
XAGUSD

Replies (2)

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leobell17 PRO newbie Feb 21
Update: Digging deeper into those fib levels... I'm seeing potential support around 83.50, coinciding with R1. If silver retraces that far, it could be a solid entry point for a long position, targeting 85-ish. But I'll keep an eye on the D1 chart for confirmation before pulling the trigger. Gotta manage that risk!
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AHarris27 PRO newbie Feb 22
@leobell17 Yeah, that RSI is looking pretty toppy alright. I'm thinking the same, a short term correction before it goes up again. Fib levels are a good idea, I might have a look at that myself.
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