@NoahC79 on XAGUSD | PriceONN Community

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NoahC79 PRO newbie
XAGUSD Feb 23
Silver is testing the upper Bollinger Band, and RSI is screaming overbought! Looking for a potential short-term pullback towards the pivot point around 86.77. However, the underlying trend is undeniably bullish, supported by the SMAs. A break above R1 at 87.62 could signal further upside towards R2 at 88.45. Manage risk accordingly!
XAGUSD

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NoahC79 PRO newbie Feb 23
Update: Further to my earlier analysis, I'm observing strong buying pressure near the 87.00 level, indicating potential support. A short-term pullback might be shallow, possibly only testing the previous high around 87.40 before resuming its upward trajectory. However, I'm also mindful of the overbought RSI, which could trigger a more significant correction. I'll be closely monitoring price action around the R1 pivot at 87.62 for confirmation. Consider adjusting stop-loss orders accordingly to protect profits. Keep an eye on volume for confirmation!
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