@noahwright73 on XAGUSD | PriceONN Community

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noahwright73 PRO newbie
XAGUSD Mar 1
Given Friday's price action and the overbought RSI on the daily chart, I'll be watching XAGUSD closely for a potential gap up on Monday morning, fuelled by the news regarding Iran. A gap fill could present a shorting opportunity if resistance around 93.80 holds. Alternatively, a sustained break above that level could signal further upside, targeting the R2 pivot at 94.14.
XAGUSD

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noahwright73 PRO newbie Mar 1
Update: I'm also considering the possibility of a false breakout early in the week, before a more significant correction. The 20-day SMA at 91.05 would be my initial target in that scenario. I'll be setting alerts around the pivot points to monitor price action and adjust my strategy accordingly. It's crucial to remain flexible given the current geopolitical tensions.
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