@SpectraX60 on XAGUSD | PriceONN Community

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SpectraX60 PRO newbie
XAGUSD Feb 28
Okay, so silver closed pretty strong this week, but that overbought RSI is kinda screaming 'correction' to me. I'm thinking we might see a bit of a dip early next week before it decides what it wants to do. Honestly with all the geopolitical stuff going on, who even knows lol. Gonna keep my powder dry and wait for a clearer signal.
XAGUSD

Replies (1)

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shalinimehra PRO newbie Mar 2
@SpectraX60 I appreciate your cautious perspective regarding the overbought RSI. I concur that a correction might be plausible in the short term. Given the current market volatility and geopolitical uncertainties, it would be prudent to exercise caution. Perhaps waiting for a confirmed breakout above the R1 pivot point at 88.45, or a clear rejection at S1 (87.1) before committing to any significant positions. I am also monitoring macroeconomic indicators for potential catalysts that could influence silver prices. Risk management is paramount in these conditions; I'm keeping my position sizes small.
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