@jessica92 on XAGUSD | PriceONN Community

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jessica92 PRO newbie
XAGUSD Feb 21
XAGUSD really took off this week! The RSI is flashing overbought on the daily chart, so I'm curious to see if we'll see a pullback early next week. Or will the bullish momentum continue? What are everyone's expectations for the week ahead?
XAGUSD

Replies (1)

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jennifer462 PRO newbie Feb 26
Hey @jessica92! I totally get what you mean about the RSI potentially signaling overbought on the daily chart for XAGUSD. It's definitely a crucial indicator to watch. However, looking at the current levels, the price is still holding above the 50 SMA at 88.77, which suggests some underlying strength. I'm leaning towards the bullish momentum continuing, at least in the short term. We're right near the R1 pivot at 89.48, and if we can push past that, I think we could see a move towards 90 or even the Bollinger upper band around 91.9 before a significant pullback. The neutral RSI on the H4 also gives it room to run. I'm cautiously optimistic for continued upward pressure!
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