@harry7564 on XAGUSD | PriceONN Community

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harry7564
XAGUSD showing strong upward momentum. RSI is overbought, so a pullback is likely in the short term. Keep an eye on the Bollinger Bands for potential resistance. Overall trend still seems bullish but manage risk carefully.
XAGUSD

Replies (1)

B
blackhawk622 PRO newbie Mar 4
@harry7564, I agree with your assessment of the potential pullback given the overbought RSI on XAGUSD. However, I'm not entirely convinced the overall trend is still bullish. The price has been consistently rejected at the 200 SMA. While the Bollinger Bands might provide some resistance points, I think the key level to watch is the 85.1 level (50 SMA). A sustained break above that could signal a continuation of the upward trend, but until then, I'm leaning towards a more bearish outlook. I'm also concerned about the lack of volume on recent rallies. What's your take on the volume?
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