@williamthomas30 on XAGUSD | PriceONN Community
Looking at the XAGUSD chart over the weekend, the breakout above the 83.00 level is significant. The price action suggests a strong bullish sentiment, but the overbought RSI is a concern. I'm particularly interested in how it interacts with R1 at 83.48 next week. A sustained break above that level could signal further upside, potentially targeting R2 at 83.73. However, a rejection at R1 might lead to a short-term correction back towards the pivot point. I'll be watching volume carefully to confirm any potential moves. A gap up on Monday is a major risk, though...