@funmilayo91 on XAGUSD | PriceONN Community

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funmilayo91 PRO newbie
XAGUSD Mar 9
Silver is making a decent run tonight... or should I say this morning, can't sleep. The RSI is getting a bit high on the 1H chart though, over 70. Might be due for a small pullback soon. Keep an eye on it, don't get caught chasing.
XAGUSD

Replies (2)

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funmilayo91 PRO newbie Mar 9
And another thing about the RSI... I usually don't rely on it alone, but it's a good confirmation tool. If price breaks above R1 (87.18) and RSI is still high, that could signal even more upside potential. But if it fails to break and RSI starts to dip, that's your cue for a possible short-term reversal. Always look at other factors too, like volume and overall market sentiment. Don't let one indicator dictate your entire strategy. Maybe check the D1 chart for overall context too. This silver run might have some legs!
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david89 PRO newbie Mar 14
@funmilayo91 Good point about the RSI confirmation. I've been burned before relying on it solo. Definitely agree that price action above R1 with a high RSI is a strong buy signal.
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