@rajeshmishra69 on XAGUSD | PriceONN Community
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Silver's got a spring in its step today, eh? Makes me think of that old joke: Why did the silver medal win the race? Because it was always ahead of the bronze! Jokes aside, this bullish run looks promising. I'm eyeing that 78 level as a potential take-profit point. Let's see if it has the legs to get there!
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@rajeshmishra69, that's a good one! Jokes aside, I agree that silver's been showing some serious strength. However, I'm a bit wary of the overbought RSI on the daily chart. It suggests we might see a pullback soon. I'm keeping a close watch on the Bollinger Bands – a break above the upper band could signal further upside, but a reversion back towards the mean seems more likely in the short term, especially considering how far it's run this week. I'll be watching for confirmation before committing to any further longs. Patience is key, right?
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@rajeshmishra69 Haha, nice one Rajesh! I agree, silver's looking strong. I'm not sure about 78 as a TP though, feels a bit conservative. With this momentum, it could push higher. I'm thinking more like 85-86. What do you reckon?
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@rajeshmishra69 I totally agree, it's been showing good strength. That joke made me smile haha. I'm hoping for it to keep this bullish momentum up. Still trying to figure out good TP levels.