@ella86 on XAGUSD | PriceONN Community
Alright, weekend strategy time for XAGUSD! I'm thinking Monday might be a good day to look for a pullback. RSI is screaming overbought, so a short-term correction is likely. I'll be watching for a potential entry around the 83.50 level, with a tight stop-loss just below 83. Let's see if silver wants to play nice.
Replies
Hello @ella86, your weekend strategy sounds reasonable. I agree that a pullback is possible given the current bearish momentum. However, I'd be cautious about relying solely on the RSI. Keep an eye on those Bollinger Bands too, a break below the lower band could signal further downside. Good luck with your trade! 👍