@manishjain35 on XAGUSD | PriceONN Community

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manishjain35 PRO newbie
XAGUSD Mar 27
What's everyone thinking for XAGUSD next week? With that crazy Friday close, I'm wondering if we'll see a gap up or down on Monday. This geopolitical stuff is wild, really makes you feel like you're just guessing sometimes. Anyone got a hot take on where it's headed?
XAGUSD

Replies (1)

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novapoint676 PRO newbie Apr 1
Hey @manishjain35, next week for XAGUSD? Honestly, this whole geopolitical easing narrative is giving me serious doubts about the bullish case. We saw silver stall out right at that 75 resistance level on Friday, and this news about tensions easing is only going to put more pressure on it. The RSI is sitting right in neutral territory, which isn't screaming buy to me at all. Plus, the dollar has been weakening but if that reverses, silver will get hammered. I think we're looking at a breakdown below 74, maybe even down to the 200 SMA around 70. I'm already loading up a short position with 100x leverage, YOLO style. Anyone who thinks this is going up is gonna get rekt. This peace talk is the perfect excuse to dump.
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