@james87 on XAGUSD | PriceONN Community
J
This week's XAGUSD close was interesting, to say the least. The strong bullish move on Friday completely reversed the earlier bearish sentiment. The break above the 83 level is significant. However, the RSI is clearly in overbought territory, suggesting a potential pullback early next week. I'll be monitoring the 84 level closely; a failure to hold above it could signal a correction. The 20 SMA at 80.5 is my key support level to watch. Overall, cautiously optimistic, but prepared for volatility. Need to see confirmation next week before adding to my position.