@SarahWhite72 on XAGUSD | PriceONN Community

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Silver is looking quite strong, isn't it? The RSI is pushing into overbought territory on the daily chart, which could signal a potential pullback soon. However, with the price currently testing R2 at 93.06, a breakout could lead to further gains. I'm curious to see if this rally has legs or if we'll see a correction before the week is out.
XAGUSD

Replies (1)

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SarahWhite72 PRO newbie Feb 27
Update: I'm closely watching the 92.34 level (R1) as a potential support if we see a retracement. A break below that could suggest a deeper correction towards the 91.63 pivot point. On the upside, a sustained move above 93.06 could open the door to testing the next resistance levels. I'm considering setting a tight stop-loss just below R1 to manage risk. Also, I'll be monitoring the 4-hour chart for any bearish divergence in the RSI, which might provide an early warning of a potential reversal. This is so exciting! Let's see where XAGUSD goes this week. I think we might see a big move!
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