@kavitagupta on XAGUSD | PriceONN Community
Silver's been quite interesting lately! 🤔📈 Seems to be riding high, but I'm wondering if it's sustainable. The RSI is showing overbought conditions, so a pullback might be on the cards. Still learning how to properly interpret all these indicators, but it's fun! 🤩
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Update: Looking at the SMA values, the 200-day SMA is at 78.48, which is pretty close to the current price. Could act as resistance? 🤔 I'm thinking of watching for a potential short entry if it fails to break above that level. But I'm also seeing the Bollinger Bands are widening, which usually means increased volatility. Maybe best to wait and see what happens over the next few days. I need to read more about Bollinger Bands for sure! 📚 Any recommendations for good resources? 🙏