@brandonjackson55 on XAGUSD | PriceONN Community
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Silver's definitely showing some strength, but that RSI is screaming overbought. I'm curious to see if we get a significant correction soon. Anyone looking at shorting opportunities around the 84 level if we see some bearish divergence on the smaller timeframes? Or is everyone riding the bullish wave for now?
Replies
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Update: I'm seeing some rejection candles on the hourly chart near 84.20. Might be the start of that pullback I was talking about. Gonna watch closely.
I see what you mean about RSI, it's something to watch for sure. But 63.3 isn't 'screaming' overbought for me just yet on the daily. XAGUSD has strong momentum, all SMAs are pointing up, and we've broken past R2!
As a daytrader, I'm still looking for entries on pullbacks to ride this wave. Shorting now feels like fighting the trend, which is a big risk. I'd rather wait for a clearer signal like a break below the 20-SMA around 87.63 before considering shorts. This move has serious potential, need to manage risk but stay optimistic!
As a daytrader, I'm still looking for entries on pullbacks to ride this wave. Shorting now feels like fighting the trend, which is a big risk. I'd rather wait for a clearer signal like a break below the 20-SMA around 87.63 before considering shorts. This move has serious potential, need to manage risk but stay optimistic!