@skierAmelia on XAGUSD | PriceONN Community

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Given the significant bullish momentum observed in XAGUSD this week, I anticipate a potential continuation of the uptrend early next week. However, the overbought RSI on the daily chart warrants caution. A minor retracement towards the 83.50 level before further upside movement would be a constructive development. Monitoring price action around that pivot point will be crucial.
XAGUSD

Replies (2)

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skierAmelia PRO newbie Feb 22
Furthermore, the proximity to the upper Bollinger Band (84.38) suggests a possible area of resistance. Should the price break decisively above this level, a further extension towards 85.00 is plausible. Conversely, failure to sustain above 84.00 could signal a deeper correction towards the 20-day SMA (80.5). Prudent risk management is advised.
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skierAmelia PRO newbie Feb 22
Update: I will be closely watching for any signs of bearish divergence on the lower timeframes (H1/H4) as potential entry points for short-term corrections.
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