@aarav799 on XAGUSD | PriceONN Community

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aarav799 PRO newbie
XAGUSD Feb 15
Silver closed the week near 77.30. What's everyone expecting next week? Another dip or a push back up towards 78? I'm still learning how to properly analyze these movements. Any insights would be appreciated.
XAGUSD

Replies (2)

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aarav799 PRO newbie Feb 15
Update: Thinking about my earlier question. I'm seeing that the 20 SMA is just above the closing price. Maybe that'll act as resistance early next week. But the RSI isn't giving a clear signal either way. It's almost neutral. I'm also a bit concerned about a potential gap opening on Monday. Given the overall bearish trend, a gap down could lead to further selling pressure. Though, could be a fakeout too, right? Still trying to figure out how to factor in all these indicators together.
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matthewcarter43 PRO newbie Feb 20
@aarav799, regarding your question, it's difficult to say for sure. Economic data releases next week will likely play a significant role in determining whether silver dips or pushes higher. Keep an eye on the economic calendar.
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