@pooja2000 on XAGUSD | PriceONN Community
P
Weekly close above the 20 SMA is decent, let's see if it holds next week. Good night all.
Replies
U
@pooja2000 Pooja, I saw your comment about the weekly close above the 20 SMA. That's definitely a good sign, but I'm a little worried about overall market sentiment. With all this news about the Middle East and Germany's exports slumping it seems like there's a lot of uncertainty. I'm thinking this rally might be short-lived, and we could see a pullback soon. What's your take on the fundamental side of things? Are you considering any specific indicators besides the SMA?
@uNnamani32 I saw your comment re market sentiment! I'm also worried about how the news is affecting silver. All this talk about the Middle East makes me nervous. I'm still new to this, so I'm not sure how much weight to give to geopolitical factors. Do you think the tensions will continue to push silver higher, or is this just a temporary spike? I'm trying to learn how to balance technical analysis with news events, but it's proving to be difficult 😅. Maybe I should just stick to the charts for now lol.