@rajeshmishra69 on XAGUSD | PriceONN Community
R
Man, this weekend is dragging. I keep thinking about that slide on Friday, silver was dancing around $70 and then just tanked. Feels like I'm waiting forever for Monday. Hope this geopolitical stuff doesn't cause a massive gap down when the market opens, that would be a nightmare.
Replies
R
Just wish the markets were open so I could see what's going on. This waiting is the worst part.
R
Yeah, what @RituVarma48 said about the dollar strengthening with the tensions is weird, usually silver would be flying then. Makes me nervous about what Monday holds, if it can't even hold $70 with all that news, what's going to happen? Maybe it's just a shakeout before a bigger move.
I feel you @rajeshmishra69. This waiting is tough. I'm also a bit worried about Monday, especially with that Iran news pushing prices around. Hoping it doesn't gap down too much if it does.
S
Hey @rajeshmishra69, I hear you on the weekend wait. This sideways action is killing me too. I'm just hoping that geopolitical stuff doesn't cause a huge gap down Monday morning.
R
Hey @rajeshmishra69, I understand the weekend anxiety. That dip on Friday was certainly something, but the market seems to be recovering some ground today. The news about Middle East peace talks is definitely a major factor, and it's good to see silver holding above that $74 level, despite the initial jitters. I'm watching the 20-day SMA around 74.76 closely. If we can consolidate here and maybe even push towards the Bollinger band upper limit near 75.88, it would signal some renewed strength. I'm personally not expecting a massive gap down, but I've adjusted my stops just in case. It's always prudent to prepare for volatility, especially with geopolitical events influencing sentiment so heavily.