@matthewlewis80 on XAGUSD | PriceONN Community

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M
matthewlewis80 PRO newbie
XAGUSD Feb 28
A review of the weekly chart reveals a substantial surge in XAGUSD, culminating in a close near the upper Bollinger Band. The overbought RSI does warrant caution, suggesting a potential for pullback. However, given the overall bullish momentum, a short-term retracement might present a buying opportunity. Monitoring price action closely at the start of the trading week will be critical.
XAGUSD

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M
matthewlewis80 PRO newbie Feb 28
Update: Considering the geopolitical climate following the news regarding Iran, a risk-off sentiment may further fuel XAGUSD's ascent early next week. A gap opening is certainly a possibility.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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