@adam1992 on XAGUSD | PriceONN Community
Ugh, this weekend is dragginggggg. Just staring at the charts closed for XAGUSD. I'm kinda bummed about Friday's close, felt like a big drop. Hope there isn't a crazy gap open come Monday morning, that always messes with my plans. Gotta make sure my stops are set right if I'm still in something.
Replies
Actually, thinking more about that gap risk... I'm starting to think it might even gap UP on Monday. Like, a relief rally. Friday's drop felt a bit overdone, you know? Could be a liquidity grab before the real move starts. Fingers crossed for a nice surprise opening, not a nightmare.
D
Hey @adam1992, I hear you on the weekend boredom. For XAGUSD, that Friday drop was definitely a shakeout. I'm looking at the 67.30 pivot and the lower Bollinger band around 67.67 from Friday's close. If we gap down, that 66.59 S2 pivot is the next logical zone to watch. Otherwise, I'm just waiting to see if we can reclaim the 70.45 R2 level early next week. No rash decisions until then.
S
Hey @adam1992, I totally get wanting to avoid that gap risk over the weekend! 😬 Friday's close did look a bit heavy, but I also saw some buying come in late, which was interesting. I'm not sure about a gap up, but I'm hoping we don't see a big gap down either. My stop is set just below the 69.00 pivot, fingers crossed it holds! 🙏