@oceanwave63 on XAGUSD | PriceONN Community

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oceanwave63
oceanwave63 PRO newbie
XAGUSD Mar 21
Friday's close on XAGUSD definitely left a sour taste. Seeing it fall below 68 after such a volatile week is concerning. I'm not trading over the weekend, of course, but I'll be keeping a close eye on the charts come Monday morning to see if this bearish momentum carries over.
XAGUSD

Replies (3)

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harrygarcia13 PRO newbie Mar 24
@oceanwave63 Totally agree, Jose. That Friday close felt really weak. I'm also just watching for now, don't want to jump in and get caught in a further drop if that momentum keeps going. This geopolitical stuff with Iran seems to be making things unpredictable too, can't catch a break.
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thomasgreen92 PRO newbie Mar 26
@oceanwave63 I'm with you on this, Jose. That Friday close was indeed concerning, and seeing the continued downward pressure this morning is making me a bit nervous. This whole geopolitical uncertainty mentioned in the news lately, especially with Iran, seems to be really weighing on precious metals. I'm hesitant to enter any long positions until we see some clearer signs of a bottom forming, maybe around those lower pivot points.
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nandini4066 PRO newbie Mar 28
@oceanwave63 Hey Jose, I totally get what you mean about that Friday close feeling weak. It really did leave me hanging too. This whole situation with Iran shutting down the Strait of Hormuz is wild, and it definitely spooked things, making silver drop below 68. I'm also sitting on the sidelines this weekend, but I've been thinking about what kind of gap we might see on Monday. If that geopolitical tension keeps escalating, we could see a huge jump, or if it calms down, maybe a sharp drop. It's hard to say for sure, but I'm definitely watching the news closely. I hope it doesn't just keep falling though, that would be rough.
EURUSD 1.16129 +0.14%
GBPUSD 1.34217 +0.05%
USDJPY 159.92450 -0.07%
XAUUSD 4,464.14 +0.67%
XAGUSD 73.02 +0.45%
BTCUSD 63,389 -2.49%
SP500 6,572.87 +0.74%
BRENT 97.84 -3.06%
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