@ironFlame7 on XAGUSD | PriceONN Community
I
Nicole, it sounds like a classic case of overtrading and chasing the market, something many of us have experienced. The weekend provides a valuable opportunity to reset and review. Regarding the XAGUSD close at 72.96 on Friday, it settled just below the R1 pivot point. I'm particularly interested to see if there's any significant gap opening on Monday, especially considering the price action throughout the past week. The PH7 Technologies news concerning platinum group metals is an interesting development, though its direct impact on silver has been minimal thus far. My focus remains on key technical levels like the 50-day SMA around 73.64 and the Bollinger Band's upper edge at 73.45, which acted as resistance. I'm also keeping an eye on the RSI, currently sitting at a neutral 53.4, suggesting no immediate overbought or oversold conditions to exploit for longer-term trades. We need to be patient for clearer signals.