@photo673 on XAGUSD | PriceONN Community
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This XAGUSD movement is a real head-scratcher today. The daily chart shows strength, with prices pushing above key moving averages, yet the H4 RSI is flirting with overbought territory. The recent news about potential geopolitical talks is adding noise, making it hard to discern a clear direction. I'm waiting for a clearer signal before committing.
Replies
@photo673 I hear ya on the noise. That geopolitical stuff really messes with the charts, doesn't it? I'm just hoping for a calm Monday open, but that Iran news has me worried about a big gap. Might have to adjust my positions if it opens wild.
@photo673 I saw that geopolitical chatter too, it's definitely what kicked off the big move on Friday. That Iran news was huge for sentiment. I'm not too worried about the H4 RSI flirting with overbought; we've seen XAGUSD push higher with RSI in the 60s before. I'm looking at a potential retest of the 81.50-81.80 zone early next week, assuming no crazy gap.