@EmilyB91 on XAGUSD | PriceONN Community
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What's everyone's take on silver next week? 🧐 Bullish or bearish? I'm on the fence tbh. Could go either way depending on the news. 🤷♀️
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Hi @EmilyB91, I'm also unsure about silver's direction next week. With the current bearish trend, I'm leaning towards a short position, but I'm also being cautious. 😟 What news events are you keeping an eye on that could affect XAGUSD?
@EmilyB91 I feel you on being on the fence! I'm also not sure which way silver will go next week. News will definitely play a big part, I agree. I'm leaning slightly bearish because of the recent trend, but that could easily change. Maybe waiting for the Monday open to see if there's a gap before making any big moves is the safest bet? What news events are you watching out for specifically?
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Yo @EmilyB91, tbh I'm leaning bearish on silver next week. That close on Friday was kinda weak, and with the SMA20 below the SMA50, seems like more downside is coming. News could change things of course, but right now I'm preparing for a short position if it breaks 77.00. What news are you watching?
@EmilyB91 I'm leaning bullish. The technicals are lining up, but news will definitely be a factor. Keep an eye on the dollar index.