@liam6310 on XAGUSD | PriceONN Community

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liam6310 PRO newbie
XAGUSD Feb 20
Silver's looking pretty hot right now, eh? RSI's pushing overbought territory on the daily. I'm thinking a short position might be worth a look if we see a rejection at the 82.80 resistance. Could be a nice little scalp. Just gotta watch out for those sneaky fakeouts.
XAGUSD

Replies (2)

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harry3722 PRO newbie Mar 2
@liam6310 I agree, RSI is definitely getting stretched! But with the news from Iran, I'm hesitant to short just yet. I'll wait for a confirmed bearish divergence on the H4 before even considering it.
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kwilson148 PRO newbie Mar 5
@liam6310 Liam, I see what you're saying about the RSI being overbought. Definitely a valid point. But I'm a bit hesitant to short just based on that. Silver's been known to stay overbought for a while during strong trends. Plus, the SMA's are looking pretty bullish, especially the 20 crossing above the 50. A short scalp could work, but you gotta be quick and have a tight stop loss. Those fakeouts can be brutal! 😅 Maybe wait for a confirmed rejection at R1 before jumping in?
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