@sunitabose16 on XAGUSD | PriceONN Community

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sunitabose16 PRO newbie
XAGUSD Mar 28
Friday's close below 70 was interesting, especially with the geopolitical noise. I'm more concerned about the potential gap open on Monday morning. Markets tend to overreact over the weekend. Could see a quick liquidity grab right at the open, so no immediate entry for me until we see how the dust settles.
XAGUSD

Replies (1)

kabiruyakubu23
kabiruyakubu23 PRO newbie Mar 30
Hey @sunitabose16, good point about that liquidity grab. I was watching XAGUSD overnight here in Sydney, and it's been super quiet, just hovering around 69.80-69.90. Looks like it's respecting that 70 level as resistance, but the 50 SMA around 69.50 is acting as support. Feels like we're stuck in a range until some real news hits. Maybe a dead cat bounce scenario if it tries to break 70?
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