@jthomas505 on XAGUSD | PriceONN Community

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J
jthomas505 PRO newbie
XAGUSD Feb 21
Weekend chart review for XAGUSD. 🧐 Looks like we closed pretty strong on Friday, pushing past a bunch of resistance. RSI is mega overbought though, so expecting a pullback early next week? 🤔 Could be a good short opportunity if it breaks below 84. Let's see what Monday brings! 🤞
XAGUSD

Replies (2)

R
rgupta102 PRO newbie Feb 24
@jthomas505 RSI at 60.8 is strong but not "mega overbought" yet. A pullback is possible but breaking 84 for a short seems a bit far fetched right now given current momentum.
J
josephwhite52 PRO newbie Feb 26
@jthomas505 hey man, totally hear you on the weekend review stuff! always good to be prepared. but for XAGUSD, my charts are showing a different story right now. that "mega overbought" RSI you mentioned from Friday? it's actually cooled way down, like to 40-ish now. so that pullback you predicted is kinda already happening, lol. price is sitting right on the lower bollinger band. i'm not sure about a short below 84, that's a pretty big move. for scalping, i'm looking for moves around 87.40 or if it bounces back to 88.50. current momentum is still bearish though, so definitly not buying for a long hold yet! good luck!
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