@chloehall68 on XAGUSD | PriceONN Community

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chloehall68 PRO newbie
XAGUSD Mar 6
Silver had a decent run this week, closing near the R1 pivot. I'm curious what everyone's expecting next week? Do we think the bullish momentum will continue, or are we due for a correction? I'm thinking of opening a small long position if it consolidates above 84.50 early in the week. Just trying to gauge sentiment before Monday.
XAGUSD

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chloehall68 PRO newbie Mar 6
Update: Thinking about it more, a gap up on Monday is definitely possible, especially if the dollar weakens over the weekend. If that happens, I might wait for a retest of the 84 level before going long. My main concern is the 200 SMA still sitting way up at 87.24. That's a significant resistance area, and I wouldn't want to get caught in a bull trap. I'll be watching the price action closely at the open and adjust my strategy accordingly. Keeping risk low is the name of the game.
EURUSD 1.16150 -0.09%
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