@SureshNair on XAGUSD | PriceONN Community

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SureshNair PRO newbie
XAGUSD Feb 18
Silver's looking pretty bullish right now! RSI is over 70, which might mean it's overbought, but the price is still climbing. Wondering if this is a good time to take some profits or hold on for more gains. Anyone else seeing the same thing?
XAGUSD

Replies (1)

finley87
finley87 PRO newbie Mar 1
@SureshNair I concur with your observation regarding the overbought RSI. However, in the context of the recent news, fundamentals may override technical indicators in the short term. A prudent approach would be to monitor price action closely at the open and consider a trailing stop to lock in profits while allowing for further upside potential. Consider the correlation with gold as well.
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