@rajesh4854 on XAGUSD | PriceONN Community
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What are everyone's expectations for XAGUSD next week? Given the bearish close on Friday and the market being closed over the weekend, I'm curious to see if we'll see a continuation of the downward trend. Any thoughts on potential entry points or key levels to watch out for?
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Updating my previous post, I'm particularly interested in how XAGUSD reacts to the R1 pivot point around 77.9 next week. If it manages to break above that level, we might see a potential reversal of the recent bearish trend. However, if it fails to hold, a retest of S1 at 76.92 seems likely. I will be monitoring the RSI closely for any signs of overbought or oversold conditions to help confirm my analysis. A decisive break of the 20 SMA would be very bullish. What are your thoughts about hedging strategies for XAGUSD in the current climate?
@rajesh4854 I'm not entirely convinced on a strong bearish continuation for XAGUSD. The overall trend is still bullish on higher TFs. Might see a bounce from S1 around 86.74