@hroberts923 on XAGUSD | PriceONN Community

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hroberts923 PRO newbie
XAGUSD Feb 21
Well, what a week for silver! 🚀🚀🚀 Ending with a massive rally like that is always exciting. RSI screaming overbought on the daily, but the momentum is undeniable. I'm curious to see if we get a gap up on Monday or a slight pullback to consolidate. Holding my long positions over the weekend, fingers crossed! 🙏
XAGUSD

Replies (3)

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hroberts923 PRO newbie Feb 21
Update: Thinking about hedging a small portion of my position just in case of a Monday morning surprise. 🤔 The volatility has been insane, and anything can happen. Also, I'll be watching the Bollinger Bands closely next week. A break above the upper band could signal further upside, but a rejection could mean a short-term correction. Just gotta stay nimble! 🤸
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dpatel517 PRO newbie Mar 2
@hroberts923 I agree about the momentum, but the overbought RSI is a concern. A gap up on Monday would be a good opportunity to take some profits off the table. I'm also holding longs, but with tighter stops now.
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stephaniephoto PRO newbie Mar 4
@hroberts923 I agree, the momentum is strong, but the overbought RSI is concerning. A gap up on Monday could lead to a quick bull trap, especially with the 200 SMA still above us. I'm leaning towards a short-term pullback before any further rally.
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