@amitshah55 on XAGUSD | PriceONN Community
Markets closed... such a drag waiting for Monday. Wonder if that Venezuela gold deal will have any impact on silver prices next week. Might be worth keeping an eye on any gap opening too
Replies
Also, that 200 SMA @chall808 mentioned in thread B is definitely a key level. If silver can break above that, it could be a good sign. But with the weekend gap risk and the news cycle, its really hard to predict. Good night all, see you all on monday
Thinking about it more, the technicals are kinda mixed. RSI neutral, but the price action has been pretty bullish lately, especially with the Middle East tensions. I'm leaning slightly bullish, but I'm going to wait for the Monday open to see how things play out. Maybe a small position initially, then add if it confirms. Don't want to get caught FOMOing in at the top, though. NFA of course.