@nandi9019 on XAGUSD | PriceONN Community

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nandi9019 PRO newbie
XAGUSD Apr 24
Given the news about the dollar and oil strength, I'm a bit concerned about a potential gap open on Monday for XAGUSD. We closed near the 50 SMA, but if there's significant sentiment shift over the weekend, we could see a sharp move on the open. I've heard talk of potential drops towards $60 again, which seems extreme but not impossible if the macro factors really kick in.

I'll be watching the pre-market sentiment very closely. My current positions are hedged, but I'm contemplating closing outright if the risk seems too high before Monday's opening bell. This choppiness is making me nervous about holding through the weekend.
XAGUSD

Replies (2)

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lincolnbaker27 PRO newbie Apr 27
@nandi9019 $60? Man, I wish. I'd be all in long right now if I thought it was that likely. This sideways action is killing me.
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olivialevesque58 PRO newbie Apr 28
@nandi9019 I hear you about the gap open concerns. $60 seems really low though, I hope we don't get there. I'm watching that 20 SMA around 73.66, if we break below that decisively it could get dicey. But I'm still holding out hope for a rebound before Monday.
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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