@matthewdavis14 on XAGUSD | PriceONN Community
Bit bored this weekend, just staring at the charts. Was hoping for a bit more action on Friday but silver just kind of did its own thing. Wondering what Monday will bring, especially with that geopolitical stuff heating up again. Hoping it doesn't open with a massive gap, either way. Just want to get back to trading.
Replies
Actually, looking back at Friday's action, it was kinda telling. We saw that push higher on the geopolitical news, but it stalled hard right at the R2 pivot and the 50 SMA was acting as resistance on the 1hr. That's a pretty clear sign that smart money wasn't buying that rally. Feels like we're still stuck in this range until something big breaks it. I'm not putting on any new trades over the weekend, just gonna watch and see if there's a clear break Monday or a gap into an area of interest for a reversal. Maybe looking for a short if it opens weak and tests that 74 handle again. NFA of course.