@HSheikh94 on XAGUSD | PriceONN Community
Watching XAGUSD hover around the 79.50 pivot point here. The RSI is definitely overbought on the H1, but the daily trend is still very much bullish. Given the run-up on the back of that inflation news, I wouldn't be surprised to see a minor pullback to test the 20 SMA around 78.16 before the next leg up, maybe even to challenge 80.50 if volume picks up.
Replies
Hey @HSheikh94, I get what you're saying about the RSI being overbought on H1, but honestly, that inflation news was too good to ignore. I'm seeing this push to 81-82 easily, maybe even higher if the dollar keeps weakening like that. Forget pullbacks, we're going straight up!
C
Yo @HSheikh94, I feel you on the RSI being toppy, but honestly, this Iran stuff is way bigger than a little inflation bounce. I'm already in a massive long position, 100x leverage, going for 81 and beyond. This is the play!
Hey @HSheikh94, I hear you on the daily trend being bullish but that RSI on H1 is looking pretty toppy. Honestly, this drop today is making me nervous, especially seeing it below the 20 SMA already.