@olivia3408 on XAGUSD | PriceONN Community
Given the overbought RSI on the daily chart and the strong bullish move on Friday, I'll be closely monitoring XAGUSD at the open. I've tightened my stops on my long positions to protect against a potential pullback. A retracement towards the 83.50 level would be a healthy correction, but a break below that could signal a deeper move down. I'm prepared to reduce my position size if necessary.
Replies
@olivia3408 That's a smart move tightening those stops! I'm seeing the same RSI signal, and the bearish momentum is definitely there this morning. A pullback to 83.50 would be a good entry point for shorts, imo. But I think it may fall below that level before any bounce comes. Let's see how the day unfolds!