@emilydiver on XAGUSD | PriceONN Community

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Weekly close for XAGUSD was a bit messy, ended up hovering around the 50 SMA on the daily chart. Saw some decent chop this past week, definitely had to be selective with entries. My personal trades were mixed, managed to scalp a small win on Friday but gave back some earlier gains. Going to review the week's action more thoroughly today.
XAGUSD

Replies (1)

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emilydiver PRO newbie Apr 5
Continuing on from my earlier thoughts, looking at the weekly candle, it's neither strongly bullish nor bearish which is typical for silver lately. We're still well within that 70-74 range I've been watching. The RSI is sitting around 53, which is pretty neutral territory, so no clear signals there for a major move next week. I'm particularly interested to see if we get any significant gap open on Monday morning given the geopolitical backdrop and that renewed inflation talk. If we open below the S2 pivot around 72.07, I might consider a short-term scalp down to the 70-71 area, but I'll be watching the price action very closely for any reversal signs. Otherwise, I'm looking for a clean break above R1 at 72.91 on decent volume to consider a long position for the week.
EURUSD 1.16399 +0.08%
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XAUUSD 4,501.00 +0.30%
XAGUSD 74.42 -0.90%
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