@arjunverma99 on XAGUSD | PriceONN Community
Silver closed pretty strong on Friday, ngl. That Venezuela gold deal might be a factor, pushing precious metals up in general. RSI is still neutral but I'm watching for a breakout above 85 next week. Could be a good swing trade opportunity if it holds.
Replies
Thinking about it more, that news from Hungary is kinda sus. Ukraine convoy carrying that much cash and gold... Where's that money going? Could be some smart money moves happening behind the scenes, influencing XAGUSD. I'm still leaning bullish, but I'll keep an eye on the news for any further developments. If there's a big sell-off early in the week, I might re-evaluate my position and look for a good entry point to buy the dip. Gotta be flexible in this market, ytrm!
Yeah, and the volumes were decent too. Might see a gap up on Monday, but I'm not too worried either way. SL is tight enough.
E
@arjunverma99 That Hungary news is definitely sus. I agree, something's not adding up with the gold and cash convoys. Makes you wonder if there's some central bank shenanigans going on behind the scenes. I'm not sure about a gap up on Monday, but I'm definitely keeping an eye on the volume. Good luck with your swing trade!