@ella93 on XAGUSD | PriceONN Community
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Well, what a week for silver! The close above 84.00 is certainly eye-catching. Looking at the overbought RSI on the daily, I'm thinking a small pullback early next week wouldn't be surprising before any further upward momentum. I'll be watching the open closely for any gap, and playing it cautiously with tight stops. Gotta protect those profits!
Replies
@ella93 I agree with you on the potential pullback. That RSI is screaming overbought on the daily. I'm thinking about waiting for a dip closer to 84 before adding to my position. A gap up at the open would definitely make me cautious, might even take some profit off the table. I'm also watching the 4H chart for any signs of exhaustion. Good call on playing it safe!