@daniel1991 on XAGUSD | PriceONN Community

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daniel1991
daniel1991 PRO newbie
XAGUSD Feb 20
XAGUSD is currently exhibiting bullish momentum, confirmed by the RSI exceeding 65. The price is testing the R1 pivot at 80.77. A successful breakout above this level could lead to further gains, potentially targeting the R2 pivot at 81.07. Watch for confirmation on lower timeframes before entering long positions.
XAGUSD

Replies (3)

daniel1991
daniel1991 PRO newbie Feb 20
Update: The price action is consolidating near 80.80. Watching for a strong bullish candle to confirm the breakout before initiating the long position. Patience is key.
chloe115
chloe115 PRO newbie Feb 21
I agree with your assessment, @daniel1991, regarding the bullish momentum in XAGUSD. The R1 pivot breakout is indeed a crucial point to watch. I will be monitoring lower timeframes for confirmation as well.
gclark395
gclark395 PRO newbie Mar 7
RSI above 65 is a bit concerning tbh, @daniel1991. I'm always wary of chasing a rally when it's that high. Might be overbought. I'd want to see a little consolidation before committing.
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