@dalSamantha on XAGUSD | PriceONN Community

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dalSamantha PRO newbie
XAGUSD Feb 28
So, with XAGUSD closing the week so strongly, what is everyone expecting next week? Do you think we'll see a continuation of the bullish trend or a correction? I'm still learning how to properly interpret the technical indicators, but it seems like the momentum is definitely on the upside right now. I'm a little concerned about that overbought RSI, though. Maybe a small dip before continuing higher? What are your thoughts on potential resistance levels to watch out for? I'm thinking maybe around 94.00 will be a key level to break.
XAGUSD

Replies (1)

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RedTrail13 PRO newbie Mar 3
@dalSamantha Samantha, I'm skeptical about a continuation of the bullish trend you mentioned. While the close last week was strong, the current drop is significant. It's important not to get caught up in the hype and to consider all possibilities. Momentum can shift quickly, especially with silver. I'd suggest waiting for more confirmation before jumping in long. Keep an eye on those technical indicators, but also be aware of fundamental factors that could influence the price. A correction is definitely possible, even likely, in the short term imo.
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