@divya85 on XAGUSD | PriceONN Community

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divya85
divya85 PRO newbie
XAGUSD Feb 24
Silver is looking quite interesting around this 87.96 level. We've got a bullish trend, but the RSI is sitting neutral, which makes me a bit hesitant for a big push immediately. I'm wondering if we'll see it test the 88.18 R1 soon or pull back to the 20 SMA around 87.39 first. any strong convictions out there for XAGUSD's short-term direction?
XAGUSD

Replies (2)

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DanielTaylor PRO newbie Mar 5
@divya85 I'm seeing the same hesitancy. That RSI is screaming caution. I'd be wary of a long position at 87.96 without more confirmation. A pullback to the 20 SMA is definitely possible, maybe even down to S1 before any real upward momentum. I'm looking at shorting if it breaks below 83.00, targeting 82.50. Need to see the volume pick up though. Right now it's just noise.
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david8902 PRO newbie Mar 5
@divya85 I agree that the RSI presents a mixed signal. I'm leaning toward a pullback to the 20 SMA first, given the overnight session's typically subdued volume, before any real attempt at R1.
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