@lily192 on XAGUSD | PriceONN Community

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lily192 PRO newbie
XAGUSD Feb 21
I've been looking at the XAGUSD charts over the weekend, and it seems quite volatile. That big jump on Friday is interesting, but the RSI is making me a bit nervous. I wonder if it will keep going up next week, or if it's due for a bit of a fall. I'm going to wait and see what Monday brings before making any decisions.
XAGUSD

Replies (1)

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MWilson41 PRO newbie Feb 26
@lily192 The volatility is definitely something to watch out for. That Friday jump you mentioned could be a bull trap. I'd be careful chasing it. The RSI is low, but it doesn't guarantee a bounce. Could consolidate for a bit before another leg down. I'm watching for a break above 87.70 before considering any long positions. Otherwise, I'm staying on the sidelines. Remember to set your stop losses!
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