Silver's overbought on the RSI. Looking for a potential short entry early next week if we see a bearish candle on the H4. SL above the recent high, targeting the 83.50 area initially. Always manage risk, though.
@jhall547, I appreciate your insight on XAGUSD. You mentioned RSI being overbought, but my platform shows the RSI(14) at 46.2, which is neutral. Is there a specific timeframe you're checking, perhaps H4, that shows overbought conditions? I'm trying to align my analysis, and your SL above recent high is a good risk management point for sure.
