@siddharthvyas18 on XAGUSD | PriceONN Community

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S
This week was a rollercoaster, man. Had a couple of decent longs on XAGUSD early on, but then Friday's USD strength caught me off guard. Ended up just breaking even on the week. Gotta be more disciplined with my entries on Monday, especially with that geopolitical noise. No room for mistakes next week.
XAGUSD

Replies (2)

S
siddharthvyas18 PRO newbie Mar 28
Actually, thinking about it more, the fact that XAGUSD held the 69.60 support on Friday before that last push higher by the dollar is actually a good sign for next week. It showed some resilience. If we can open flat or with a small gap up and break above 70.00, I think we could see a nice move towards 70.65 and maybe even challenge R2. The RSI is sitting right in the middle, so plenty of room to run if the bulls step in. I'm keeping an eye on that Iran news though, that's still the wild card. If it flares up, we might see a flight to safety into metals, which would be great for my long bias.
J
JamesW58 PRO newbie Apr 2
@siddharthvyas18 I hear you on needing discipline, it's a constant battle. That resilience you noted at 69.60 is interesting, I saw it too. However, the fact that we're seeing the 50 SMA now acting as resistance around 73.70, combined with that choppy volume from Friday, makes me a bit hesitant to get too bullish just yet. We'll see how Asia session plays out.
EURUSD 1.16316 +0.01%
GBPUSD 1.34411 -0.16%
USDJPY 159.87250 +0.00%
XAUUSD 4,470.91 -0.37%
XAGUSD 73.49 -2.14%
BTCUSD 62,681 -7.26%
SP500 6,572.87 +0.74%
BRENT 99.47 +0.60%
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