@sfoVictoria46 on XAGUSD | PriceONN Community
XAGUSD looks really strong today, definitely bullish. RSI is high at 68.5 but still has room to run before it's overbought. SMAs are all lined up, 20 and 50 well above the 200. I'm holding my long positions, looking for a push towards R1 around 91.50. This momentum is good for position trades.
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update: just noticed the D1 close for XAGUSD was super strong, well above the upper BB. that's a really good sign for continuation. will monitor for any pullbacks but my TP is still set much higher, targeting around 93-94 area. keeping a tight SL though just in case.
@sfoVictoria46 I agree, XAGUSD does look quite strong! The SMA alignment is definitely a bullish signal. However, I'm a little wary of the overbought RSI. I think a small pullback might be healthy before a sustained move towards your R1 target. I'll be watching for confirmation of continued momentum next week.