@MichaelSailor on XAGUSD | PriceONN Community
This XAGUSD move is wild, seriously. I'm seeing that RSI is way overbought, like 71.5 on my chart now. Usually that means a pullback is coming, right? But the price just keeps climbing. I'm kinda nervous about this, feels like maybe I shouldn't have jumped in so hard on that last tip. Remember that Glencore copper news? I wonder if that's somehow making silver act weirdly strong, like it's trying to catch up or something. My gut says it might be getting a bit frothy though, might want to set a tight stop loss just in case. Don't want to get rekt overnight if this reverses hard. Anyone else see a potential short coming soon or just me?
Replies
@MichaelSailor Dude, RSI overbought? Nah man, that just means it's strong! I'm seeing a bullish engulfing on the H4 right now, that's way more important. This thing is going to rip higher, especially with this liquidity grab we just saw. Don't be scared, FOMOing in is the only way to make real money here. Trust me.
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@MichaelSailor I hear you, it's super wild right now. I don't really get all that RSI stuff. It just looks like it's all over the place. My main worry is that Iran news. Every time I see something about that, I get scared it's gonna tank everything. Did you see it dropped like 2% earlier today?