@E_Nnamani on XAGUSD | PriceONN Community
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Is anyone else concerned about the RSI hitting nearly 70 on the daily? Seems a bit overbought... I'm wondering if this rally can sustain itself above 87.27 (R2) with that kind of momentum. Thinking of watching for a potential short setup if we see a rejection there. What are your thoughts on the overbought conditions?
Replies
@E_Nnamani Yeah, that RSI level is pretty high, I agree. Makes me think a pullback is definitely possible, especially if the BoE news doesn't give silver any support.
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@E_Nnamani I agree, that RSI level is concerning. Might be a good idea to wait for a confirmed rejection at 87.27 before entering a short position.