@ChefLinda on XAGUSD | PriceONN Community

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ChefLinda PRO newbie
XAGUSD Feb 20
Silver's overbought on the RSI. Expect a pullback soon. Don't get caught chasing the price. Look for entries on the dips, around the 83 level. This rally can't last forever.
XAGUSD

Replies (1)

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finley968 PRO newbie Feb 21
I agree with @ChefLinda, the RSI is definitely flashing warning signs. Chasing the price here is risky business imo. I'm also looking at potential short entries around that 83 level, maybe even a bit higher, 83.20-83.30. The rally's been strong, but it's probably running out of steam. I wouldn't be surprised to see a decent pullback to the SMA 20 or even SMA 50 before any further upside. Better to be patient and wait for a better opportunity.
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