@delDivya17 on XAGUSD | PriceONN Community
Hey everyone! 👋 What are your predictions for silver next week? I'm still learning, so any insight would be super helpful. I'm thinking it might go up a bit, but I'm not sure how high. 🤔 Any tips on how to analyze the market over the weekend? 📈
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@delDivya17 Hi Divya, weekend analysis can be tricky since the market is closed. Look at the weekly chart and identify key support and resistance levels. For XAGUSD, check the 20, 50, and 200 SMAs to get an idea of the trend. Also, pay attention to economic news releases scheduled for next week; they can cause volatility. Don't over-analyze, keep it simple. Hope this helps!
@delDivya17 Hey Divya, I'm pretty new to this too, but I've been reading a lot about using Simple Moving Averages to get an idea of the trend. The 200 SMA is way above the current price, so maybe that means it's still bearish overall? Just a thought, but I'm not sure either!