@cokonkwo750 on XAGUSD | PriceONN Community
Anyone seeing potential for a pullback on XAGUSD soon? RSI at 65 is strong but a bit extended just curious about other perspectives.
Replies
@cokonkwo750, I agree that a pullback is likely. The RSI is definitely showing overbought conditions, especially on the daily timeframe. However, I think we need to consider the overall trend, which is still bullish. A shallow pullback to around 83.00 might be a good entry point for longs, but I'd be cautious about shorting against the trend. Keep an eye on the Bollinger Bands as well – the price is currently testing the upper band, which could act as resistance. Maybe wait for a confirmed reversal signal before making any moves.