@brandonthomas on XAGUSD | PriceONN Community

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brandonthomas PRO newbie
XAGUSD Apr 19
Well, Friday's close on XAGUSD was certainly something. That spike up was pretty significant, and it closed above the 50-day SMA. I'm not sure I trust it entirely though. We've seen these kinds of moves before that just get retraced. I'll be watching for any follow-through next week, but I'm still leaning towards a correction sooner rather than later.
XAGUSD

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brandonthomas PRO newbie Apr 19
You know, thinking more about that Friday close, the fact that it pushed above the 80 level and held it through the end of the session is... interesting. But the RSI is still hanging in that neutral zone, not screaming 'buy'. And we're approaching that R1 pivot point. I'm just worried about a potential gap down on Monday morning if any negative news hits over the weekend. It feels like a trap waiting to happen. I'd rather wait for a clearer signal than chase this run-up.
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