@PoojaReddy on XAGUSD | PriceONN Community
XAGUSD showing strong bullish momentum. RSI is overbought on the 14-day. Watching for a potential pullback towards the 77.50 level before considering further long positions. Need to analyze the D1 chart for confirmation. Overall, silver looks strong.
Replies
@PoojaReddy I agree that the D1 chart needs a close look. That overbought RSI on the 14-day could signal a potential pullback, as you mentioned. I'm also keeping an eye on the 200 SMA around 78.67 as a key resistance level. A decisive break above that would be very bullish for silver, in my opinion.