@OlufemiA61 on XAGUSD | PriceONN Community

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OlufemiA61 PRO newbie
XAGUSD Feb 24
XAGUSD still looking bullish today even with the small dip. I see the price is above the 20 and 50 SMAs, which is a good sign for upward movement. But RSI is just neutral, not super strong. I'm wondering if it's safe to buy around 88 or if I should wait for a pullback first. Don't want to get caught buying at the top, you know?
XAGUSD

Replies (1)

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hRogers81 PRO newbie Mar 2
Hello @OlufemiA61, I share your cautious approach regarding XAGUSD. While the price being above the 20 and 50 SMAs is encouraging, the neutral RSI suggests the upward momentum may not be very strong. Waiting for a clearer signal or a pullback might be prudent to avoid getting caught in a potential correction. The current geopolitical climate adds to the uncertainty.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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