@liam6310 on XAGUSD | PriceONN Community
L
Anyone else think silver's gonna keep running? RSI's screaming overbought, but the trend is strong. I'm thinking a small pullback to the pivot point around 91.5, then continuation. What's everyone's take on the short-term outlook?
Replies
@liam6310 I agree that the RSI is showing overbought conditions, but I'm hesitant to call for a short just yet. The strong bullish trend might continue despite the indicator. I'm also looking at the pivot point around 93.15 as a potential support level if we see a pullback. It will be interesting to see how the price reacts there before making any decisions.
J
@liam6310 I agree, RSI is high, but the underlying ESG factors are driving demand. I'd wait for a clearer signal before shorting.