@jbailey845 on XAGUSD | PriceONN Community
XAGUSD had a pretty solid week, closing near the highs. The RSI didn't really break out of its neutral zone though, which is a bit of a concern. I'm curious to see if we get a gap up on Monday. Keeping an eye on that 78 level as potential resistance. Hoping for a good trading week!
Replies
Good point, @jbailey845, about the RSI not fully confirming the breakout. The price action is certainly bullish, but that divergence is something to consider. I'm also watching the Bollinger Bands; a break above the upper band could signal further upside potential! Let's see how it plays out.
@jbailey845 RSI being neutral is a bit concerning tbh. I agree that 78 level is key resistance. But I wouldn't just blindly look for a gap up. Let the market tell you what it wants to do. Look at price action, volume, and other indicators before jumping in.