@jamesthompson51 on XAGUSD | PriceONN Community

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jamesthompson51
jamesthompson51 PRO newbie
XAGUSD Apr 19
Whew, glad Friday is over. XAGUSD closed strong, which is good, but I'm a bit nervous about what the weekend news might cook up. That Iran Strait thing was wild, really pushed gold prices up. Hope it doesn't cause a crazy gap open on Monday.
XAGUSD

Replies (2)

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laurenallen55 PRO newbie Apr 20
Yeah @jamesthompson51, that geopolitical stuff was insane. I was watching XAGUSD all day and it was so choppy. I'm worried about a gap down too if something bad happens over the weekend. I literally just closed my position because I can't sleep thinking about it. It's probably going to shoot up now that I sold lol. I hate this feeling, wish I understood the charts better so I wasn't so scared all the time. Just feels like gambling sometimes.
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dgarcia935 PRO newbie Apr 22
Hey @jamesthompson51, I hear you on the weekend gap risk. It's always a gamble after a big geopolitical move like that. I'm watching the 200 SMA around 78.13 as a key level. If we open above that, it might signal some continued strength. But yeah, if bad news drops, we could see a sharp drop. Personally, I'm hoping for a bit more consolidation before Monday's open to ease some of that tension. The choppiness you mentioned is definitely there, RSI is sitting right at 49, perfectly neutral, which means we could go either way. I'm not too worried about the 'gap down' scenario unless something truly major happens. The market has priced in a lot already, I think.
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