@AmeliaEvans on XAGUSD | PriceONN Community

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Silver looking pretty overbought on the RSI (daily chart). I'm thinking a short-term pullback might be on the cards before it continues its upward trend. Keep an eye on those Bollinger Bands too, it's right up against the upper band. Could be a good entry point for a short position if it breaks down a bit. Watch out for news though, that could change everything.
XAGUSD

Replies (1)

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AmeliaEvans PRO newbie Mar 1
Update: Might be worth watching the 93.48 level (R1 pivot) for a potential rejection, if it gets there. If it breaks through R2 at 93.81 though, might be a different story and invalidate my short idea. I'm staying cautious and keeping my stop loss tight. Also, with the news about Iran, safe havens could keep rising, so keep that in mind.
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