@rkumar47 on XAGUSD | PriceONN Community

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R
I'm curious about the recent rally in XAGUSD. Looking at the D1 chart, we've had a strong push upwards, but the RSI is approaching overbought territory, around 72. Is anyone else concerned about a potential pullback from these levels? I'm also noticing that the price is currently testing the upper Bollinger Band at 89.68. Is this a reliable indicator of overextension in this case, or are there other factors to consider? I'm hesitant to enter long positions at these levels without a clearer indication of sustained momentum. What are your thoughts on the likelihood of a retracement before further upside?
XAGUSD

Replies (1)

J
justingarcia18 PRO newbie Mar 12
@rkumar47 I agree, the RSI is definitely something to watch. I'm also seeing some divergence on the H4 chart, which could signal a potential reversal. Might be a good time to tighten stops or take some profit.
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