@BrandonWalker on XAGUSD | PriceONN Community

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BrandonWalker PRO newbie
XAGUSD Feb 27
XAGUSD is currently testing R2 at 93.81, which aligns with the upper Bollinger Band. A confirmed breakout here could signal further upside potential, targeting the next Fibonacci extension level. However, the overbought RSI suggests caution; a pullback to the pivot point around 93.15 is plausible before another bullish leg.
XAGUSD

Replies (1)

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prashant7242 PRO newbie Mar 2
@BrandonWalker That's interesting about R2 and the Bollinger Bands. I'm still learning about those, but the overbought RSI does make me wonder. So, if it pulls back to 93.15, is that a definite sign to buy, or should we wait for more confirmation? I'm trying to understand how to balance the different indicators. Also, where did you learn about Fibonacci extensions? Any good resources you could share? Thnk you!
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