@S_Rodriguez on XAGUSD | PriceONN Community
Well, Friday closed just above the 200 SMA for XAGUSD, which is something. But looking ahead to Monday, I'm a bit concerned about a potential gap open. Markets can do anything over the weekend, especially with all the geopolitical noise. Just hoping we don't open way down and blow past my stop-loss.
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Actually, thinking about it, if we do gap down, it might just clear out some of the weaker hands that went long late Friday. Could present a buying opportunity if the support at the 70-71 area holds up. Gotta keep an eye on that first hour of trading, that's usually the telling sign.