@ediLily on XAGUSD | PriceONN Community
Silver's been on a good run lately, hasn't it? I'm a bit worried about the RSI being so high, though. Doesn't that mean it might be overbought and due for a pullback? I'm thinking of waiting for a dip before I consider going long, just to be on the safe side.
Replies
Hey @ediLily, I understand your concern about the RSI! 👍 It's wise to be cautious. However, sometimes these strong moves can sustain for longer than expected. Don't just rely on the RSI alone. Look at other indicators like MACD and volume. If you see confirmation of weakening momentum, then a dip might be more likely. Also, consider the overall trend – is it still bullish on the D1 chart? If so, a dip might be a good opportunity to buy. Just my two cents! 😉